Ben Black, CEO of the U.S. International Development Finance Corporation (DFC), discusses global supply chain vulnerabilities and Chinese export restrictions.
“So, sulfuric acid exports have been banned from China, and that's 25% of the market. That starts May first.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
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More from Ben Black
Opinion
Black: Donald Trump is the most financially astute US president ever
“President Trump is so fantastic is he is the most financially astute president we've ever had, and he's really focused on how economics makes the world go round and what it means for not just the exercise of American power, but building out the next century to…”
Ben BlackApr 30, 2026▶ 16:45Running DC Like Wall Street: CEO of America's Investment Fund · Joe Lonsdale
AssertionNot checkable as stated
Black: China's state global capital outspends the US seven to one
“That's really a key part of this, because if it were just using government dollars, we wouldn't be any different from China. And they're seven times the size of us.”
Ben BlackApr 30, 2026▶ 21:44Running DC Like Wall Street: CEO of America's Investment Fund · Joe Lonsdale
Disclosure
Black: DFC-backed rare earths mine was acquired in just three months
“There was a rare earths mine we invested in that recently it was just announced. It was going to be acquired. So it's in three months, a fantastic return for the DFC”
Ben BlackApr 30, 2026▶ 27:06Running DC Like Wall Street: CEO of America's Investment Fund · Joe Lonsdale
AssertionSupported
Black: DFC and OPIC insurance products boast near 100% recovery rate
“In the history of the DFC and Opix insurance product Pretty much close to a hundred percent recoveries.”
Ben BlackApr 30, 2026▶ 34:50Running DC Like Wall Street: CEO of America's Investment Fund · Joe Lonsdale
Disclosure
Black: DFC partners with Chubb to provide maritime war risk reinsurance
“We're working with Chubb as lead underwriter, great American insurance company run by Evan Greenberg. There's a whole host of American insurers working alongside with them, and they're providing up to twenty million, and we're doing reinsurance on the back end…”
Ben BlackApr 30, 2026▶ 36:11Running DC Like Wall Street: CEO of America's Investment Fund · Joe Lonsdale
AssertionSupported
Black: US is experiencing its largest capex boom since telecom buildout
“Frankly, right now is the largest capex boom in America since when he was a young banker and you were building out all the cable and telecom across the country.”
Ben BlackApr 30, 2026▶ 6:06Running DC Like Wall Street: CEO of America's Investment Fund · Joe Lonsdale
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