Secretary Bessent: Under President Trump, We’ve Seen Trade Deals, Tax Deals, Peace Deals

EXCERPT:

BESSENT: "And look, Maria, this is what leadership looks like under President Trump. We’ve got peace deals. We’ve got trade deals. We’ve got tax deals. And in dealing with the world’s second-largest economy, we approach each other with mutual respect. President Trump set the table with a very important call with party chair Xi. They have a very good relationship. We had trade talks in Geneva toward moving toward the agreement in London. Part of the agreement was tariffs coming down and rare earth magnets starting to flow back to the U.S.. They form the core of a lot of our industrial base. They were not flowing as fast as previously agreed. President Trump and President Xi had a phone call, and then our teams met in London, ironed this out, and I am confident now that we, as agreed, the magnets will flow. In the meantime, we have put countermeasures versus the Chinese in place. We had held back some vital supplies for them. So what we're seeing here is a de-escalation under President Trump's leadership."