Meet the Press Oct. 26 — Sec. Scott Bessent and Sen. Ruben Gallego, plus Marcus Samuelsson
Oct 26, 2025
Scott Bessent, the Treasury Secretary, shares insights on rising trade tensions and the preparation for crucial talks with China, alongside discussions on tariffs and economic strategies. Award-winning chef Marcus Samuelsson reflects on his immigrant journey, emphasizing the celebration of African and Black cuisine while navigating restaurant challenges amid rising costs. Senator Ruben Gallego critiques the political landscape, including the recent East Wing demolition and its implications, while exploring the impact of government shutdowns on federal workers and broader policy debates.
AI Snips
Chapters
Transcript
Episode notes
Framework For A Possible China Deal
- Scott Bessent says two days of talks produced a framework for a Trump-Xi meeting and avoids the threatened 100% tariffs.
- He expects Chinese commitments on soy purchases, rare earth deferrals, and fentanyl cooperation.
Tariffs Framed As Response To Foreign 'Propaganda'
- Bessent framed the Ontario ad as foreign 'propaganda' influencing U.S. public opinion and justified tariffs as leverage.
- He connected the ad to a perceived threat to U.S. interests rather than typical trade policy process.
Administration Argues Inflation Is Improving
- Bessent argued overall inflation has fallen since Trump took office, citing core inflation and falling gas and egg prices.
- He blamed critics for 'cherry picking' and predicted inflation will return toward the Fed's 2% target.