Watch CNBC's full interview with Treasury Secretary Scott Bessent

Trade & Tariffs - The US bond market is performing well due to revenue from tariffs, expected to bring in hundreds of billions of dollars this year to pay down the debt [26] - Chinese exports to the US are down approximately 14%, while exports to Europe are up approximately 6.9% [51] - The US trade deficit with China is expected to narrow by at least 30% this year and potentially more in 2026 [52] Federal Reserve & Monetary Policy - A 25 basis point rate cut is priced in [14] - The market is pricing in 75 basis points in rate cuts between now and the end of the year [18] - The Fed has an employment and growth mandate, with the dollar being a byproduct [8] - The President believes the Fed has been behind the curve [13][15] TikTok Deal & National Security - A framework for a deal regarding TikTok has been reached, with President Trump and party chair Xi expected to agree on a final deal [29][32] - The deal includes safeguards for US national security and the interests of citizens, especially children [37] - The Chinese government's approval is needed for the deal between ByteDance and new investors [37] Deregulation & Economic Growth - The US market is responding positively to President Trump's agenda, particularly non-inflationary growth and deregulation [23] - The administration aims to cut through the regulatory morass surrounding American businesses [23] - Deregulation is seen as crucial for the US to become an AI superpower and energy dominant [24]