Scott Bessent: “There are no guarantees the U.S. would avoid a recession.”

Those who stand with the United States will reap the rewards of our partnership. Those who tether themselves to the Iranian regime should expect to share in the isolation of a withering regime.

No one is above this. This is economic asphyxiation of this regime … and no one should test our resolve.

This is going to be the greatest coordinated economic isolation in the history of the world, and we are going to them and saying, you are either with us or against us.

I emphasized that we expect Beijing to fully meet its commitments on rare earths and U.S. agricultural products.