Visual Overview of America’s Economic Statecraft Toolkit

As Treasury Secretary Bessent recently argued, “the primary components of the Trump economic agenda — trade, tax cuts, and deregulation — are … interlocking parts of an engine designed to drive long-term investment in the American economy.” The same applies to America’s economic statecraft toolkit. Sanctions, tariffs, export controls, investment screening, transparency tools, and supply chain resiliency measures are not standalone levers — they are gears in a single engine of national economic power. To be effective, they must move in concert: coordinated across agencies and aligned with allies to defend U.S. interests, deter adversaries, and power a stable, free, open, and fair Near-Global Economy.