Last week, Secretary of the Treasury Scott Bessent held a meeting with Valdis Dombrovskis, who serves as the European Commission's Commissioner for Economy & Productivity and Commissioner for Implementation & Simplification.
During their discussion, Secretary Bessent reaffirmed President Trump's focus on achieving a ceasefire and a durable peace agreement between Ukraine and Russia. He highlighted the necessity for Europe to take an active role in increasing G7 economic pressure on Russia. Additionally, Bessent stressed the importance of presenting a united stance regarding China’s controls over global rare earth exports and discussed the need for more diverse supply chains.
"Secretary Bessent reiterated that President Trump’s priority is securing a ceasefire and a lasting peace agreement between Ukraine and Russia. Toward this end, the Secretary underscored the need for Europe to be proactive on increased G7 economic pressure against Russia. The Secretary also emphasized the need for a unified response towards China’s global rare earth export controls, and the importance of diversified supply chains."
