Treasury Secretary Scott Bessent was on “Fox News Sunday” to discuss President Trump’s use of tariffs. He was also optimistic that the Supreme Court would side with President Donald Trump on emergency tariffs.
“What did and didn’t get accomplished when Presidents Trump and Xi met face to face?” Bream asked.
“What do you make of his characterization of what happened in China?” Bream referencing Rep Hakeem Jeffries’ inaccurate comments on President Trump.
“I think it’s ignorant, and I think it’s kind of sad he has no idea how ignorant he is, because I was in the room and I can tell you I was there for the President’s entire trip and it was a tour de force,” Bessent said.
“The President went into Malaysia, signed trade deals, peace deals with Thailand and Cambodia,” Bessent said.
“We moved onto Japan. The President and the new Prime Minister of Japan had great chemistry,” Bessent continued.
“The meeting with President Xi was one of great respect and many accomplishments,” Bessent said.
“What do you make of their characterization of you?” Bream asked regarding a Washington Post article referencing Chinese negotiators that may have upset him.
“Highly inaccurate and look we saw that Chinese manufacturing has been down for 7 months in a row. So, let’s do the math. The liberation day, April 2nd. Where are we today? November 2nd, seven months. Chinese manufacturing has been down every month,” Bessent said.
“Their trade with Europe is up 10 percent, but it’s all discounted. They’ve depreciated their currency and the Chinese economy, they are in the middle of a real estate crisis,” Bessent continued.
Secretary Bessent also talked about the rare earth minerals and explained that it has been a problem for many decades, and that the administration is working hard to become more independent in that area.
“We are going to be moving at warp speed,” Bessent said.
Hellbound and Down 