Treasury Secretary Compares Trump-Putin Meeting To Showing Off ‘Gun Case' To ‘Uncontrollable Neighbor'
While appearing on CNBC's 'Squawk Box,' Bessent told host Joe Kernen that he wanted to 'set the record straight' about how the meeting went.
'Alaska was a show of force by President Trump. He invited President Putin to land that the Russians used to own. He displayed a huge amount of military hardware and then did a flyover,' Bessent said.
The Trump administration official then compared the meeting to 'inviting your uncontrollable neighbor to your house and showing him your gun case.'
Calling Trump's follow-up meeting on Monday with Ukrainian President Volodymyr Zelenskyy at the White House 'very good,' Bessent declared that he has a 'strong belief' that Trump will eventually help secure a meeting between Putin and Zelenskyy.
'We had a very good meeting with [Zelenskyy] and his team in the Oval [Office] for about an hour and a half, and then we met with the European leaders who [were] an incredible group to have in the White House, all led by President Trump,' Bessent said.
He added: 'And yes, the culmination of that was a call with President Putin, and my strong belief is that there will be a bilateral meeting between President Putin and President Zelenskyy. And that's the only way to end this conflict, is to get the two sides talking.'
Related:
'Both sides are ready for this terrible [Ukraine-Russia] conflict to end,' Bessent later said.
After Trump and Putin wrapped up last week's summit without announcing a ceasefire in the war in Ukraine, many political leaders were critical of the outcome.
Sen. Chris Murphy (D-Conn.) slammed the meeting as an 'embarrassment to the United States,' and Senate Minority Leader Chuck Schumer (D-N.Y.) confronted Trump for 'selling out Ukraine.'
Meanwhile, Trump's former national security adviser John Bolton opined on CNN that Putin had 'won the summit' over a 'tired' Trump.
Trump, who called his summit with Putin a '10 out of 10,' fired back at his critics in a series of blistering Truth Social posts on Monday.
Related...
Trump Goes On Unhinged Rant Against Anyone Who Has Criticized Him
JFK's Grandson Wears Blonde Wig To Mock Melania Trump Over Her Letter To Putin
Senator Calls Trump-Putin Meeting An 'Embarrassment For The United States'

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 minutes ago
- Yahoo
Why Taiwan Semiconductor Stock Tumbled Today
Key Points The U.S. government wants to take a 10% stake in Intel. It also wants to convert the free grant money that it already promised Intel into payment for Intel shares. The government may do the same thing to TSMC. 10 stocks we like better than Taiwan Semiconductor Manufacturing › Contract semiconductor manufacturer Taiwan Semiconductor Manufacturing (NYSE: TSM) stock slid 2.2% through 12:22 p.m. ET Wednesday. Why? As you may have heard by now, President Trump is planning to take an equity stake in Intel (NASDAQ: INTC). All the cool kids are doing it Following passage of the Biden administration's CHIPS Act supporting the U.S. semiconductor industry, Intel was awarded $10.9 billion in grants. But as Bloomberg reports, the Trump White House is now negotiating with Intel to convert those grants into a 10% stake in Intel stock. But Intel wasn't alone in winning CHIPS Act grants. As CNBC points out, Taiwan Semiconductor (TSMC) was awarded $6.6 billion in U.S. government semiconductor subsidies. And now it seems U.S. Commerce Secretary Howard Lutnick may want to convert that grant into an equity stake as well. What does this mean for Taiwan Semiconductor Manufacturing stock? That's the question investors are pondering today: What does this mean for TSMC? If Commerce converts its $6.6 billion grant into a $6.6 billion investment in TSMC stock, it will effectively remove $6.6 billion in "free money" from TSMC's balance sheet. But TSMC would still get to keep the $6.6 billion -- in exchange for handing shares over to the government. It might also be better positioned to win further government subsidies. But what if the rumors prove false? What if the government invests only in Intel, and not in TSMC? That would seem to give the government a big incentive to make sure Intel "wins" the semiconductor market, perhaps at TSMC's expense. This is bad news for TSMC. Should you invest $1,000 in Taiwan Semiconductor Manufacturing right now? Before you buy stock in Taiwan Semiconductor Manufacturing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Taiwan Semiconductor Manufacturing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $654,781!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,076,588!* Now, it's worth noting Stock Advisor's total average return is 1,055% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 18, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Intel and Taiwan Semiconductor Manufacturing. The Motley Fool recommends the following options: short August 2025 $24 calls on Intel. The Motley Fool has a disclosure policy. Why Taiwan Semiconductor Stock Tumbled Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 minutes ago
- Yahoo
Tulsi Gabbard revokes security clearances of 37 US intelligence officials
The Trump administration has revoked the security clearances of 37 current and former US officials, accusing them of politicising intelligence for partisan or personal gain. In a memo posted on social media, Director of National Intelligence Tulsi Gabbard directed several national security agency heads to immediately strip the officials of their clearances, stating the move was ordered by President Donald Trump. The officials include several national security staffers who served under former Democratic presidents Joe Biden and Barack Obama. Gabbard offered no evidence to support the accusations in the memo. Security clearances grant access to sensitive government information, and some former officials retain them to advise successors. Some private sector jobs such as those in defence and aerospace can require access to security clearances as a pre-condition for employment. It remains unclear whether all 37 individuals listed in the memo still held active clearances. Gabbard said Trump ordered the revocations because the officials "abused the public trust by politicizing and manipulating intelligence, leaking classified intelligence without authorization, and or committing intentional egregious violations of tradecraft standards". "Being entrusted with a security clearance is a privilege, not a right," Gabbard wrote on X. "Those in the Intelligence Community who betray their oath to the Constitution and put their own interests ahead of the interests of the American people have broken the sacred trust they promised to uphold." The memo did not lay out specific charges against specific individuals. This is not the first time the Trump administration has revoked security clearances for intelligence officials. The administration has previously revoked clearances of Biden, his Vice-President Kamala Harris, and former lawmakers involved in investigations of the 6 January Capitol riot. In recent weeks, Gabbard has led the charge against intelligence officials under former President Barack Obama who concluded that Russia interfered in the 2016 elections, which Trump won. Trump and Gabbard have described the intelligence community's assessment as a "treasonous conspiracy" to undermine the president's electoral success. Democrats have dismissed the moves as a political distraction, and accused the White House of deflecting attention from unpopular policies and Trump's alleged ties to convicted sex offender Jeffrey Epstein. "These bizarre allegations are ridiculous and a weak attempt at distraction," a spokesman for Obama said last month. Gabbard says declassified report 'exposes' Obama administration Obama blasts 'bizarre' Trump claim of 2016 election 'treason'


USA Today
4 minutes ago
- USA Today
Burning-hot border fence? DHS plans to paint it black to deter migration
The Trump administration is painting the U.S.-Mexico border fence black to make the steel so hot migrants won't climb it. Homeland Security Secretary Kristi Noem unveiled the plans Aug. 19 in a news conference in Santa Teresa, New Mexico, while workers ran paint rollers up the steel bollards behind her. When asked about the possibility that critics might call the heat-inducing paint job cruel, Noem said: "Don't touch it." Noem said the request to paint it black came from President Donald Trump. "Too high to climb. Too narrow to squeeze through. And now, at the President's direction, it will be painted black – so hot to the touch that criminal illegal aliens won't even try," Noem said in a post on X. As USA TODAY has previously reported, hundreds of miles of 30-foot barrier at the border already pose a deadly threat to migrants who attempt to scale the fence. Still, thousands of migrants have tried since President Donald Trump ordered construction of the 30-foot barrier during his first term. During a historic period of migration following the COVID-19 pandemic, in 2022, the county hospital in El Paso, Texas, treated 326 people for injuries – or nearly one per day. Some of the injuries were catastrophic: Nine people died that year after falling from the fence, which is roughly the height of a three-story building. From 2000 to 2019 – before the higher barrier was erected – the hospital registered a single death resulting from a fall from the border fence. Coyote smugglers have taken to throwing rope ladders over the 30-foot barrier or using steel rods shaped to hook over the fence. Increasingly, they're tunnelling under the barrier. Noem didn't tell reporters how much the paint job will cost. She praised Trump's war on illegal immigration, which Noem said has resulted in "the most secure border in our nation's history." Illegal crossings have fallen dramatically border-wide under Trump's crackdown. Migrant apprehensions have plummeted to fewer than 8,000 in July, compared with more than 104,000 during the same month a year ago, according to U.S. Customs and Border Protection. In El Paso Sector, which includes West Texas and New Mexico, interim Chief Patrol Agent Walter Slosar said the seven-day average for apprehensions currently sits at around nine, compared with around 400 at the same time last year. Adam Powell reports for the El Paso Times. Lauren Villagran reports for USA TODAY.