ICYMI—Hagerty Joins Kudlow on Fox Business to Discuss Russia-Ukraine War, Tariff Negotiations

NASHVILLE, TN-United States Senator Bill Hagerty (R-TN), a member of the Senate Appropriations, Banking, and Foreign Relations Committees and former U.S. Ambassador to Japan, today joined Kudlow on Fox Business to discuss the ongoing negotiations to bring a peace deal to the Russia-Ukraine war, along with President Donald Trump's strength in tariff negotiations with China.

Partial Transcript

Hagerty on Trump's toughness against Russia: "President Trump has continued not only to retain sanctions in place, but actually enforced them, which the Biden Administration never did. The Biden Administration talked tough, but they did not enforce sanctions. What President Trump has done is actually gone into secondary sanctions. I think you read about the fact that President Trump has gone in and sanctioned a Chinese refinery, the buyer of Russian crude [oil]. That is the way to deal with this. That's the way to put maximum pressure on Russia, their banks, the purchasers of crude oil. That's the way to deal with this. He's doing it. The pressure has been maintained and mounting on Vladimir Putin."

Hagerty on weakening Russia by regaining U.S. energy independence: "You're absolutely right, Dave. And President Trump's been extremely clear about not only wanting to get back to energy independence, but energy dominance for America. That's bad for Russia, that's bad for Iran, that's bad for Venezuela, but it's great for our allies and for us."

Hagerty on the need to end the Russia-Ukraine war: "I think about the fact that [Treasury Secretary] Scott Bessent traveled to Ukraine to put in place a deal for critical minerals that would've engaged our economy with theirs. Zelenskyy said, of course I'll sign it, but I'd like to wait [until] I get to meet with Vice President [JD] Vance in Munich. He goes to Munich-Vice President Vance is courteous enough to meet with him-and he tells Vice President Vance, I'd like to actually sign it with the president at the White House. We accede to that. We let him come to the White House, and what does he do? He tries to re-trade the deal on international TV in front of everybody. I think it really is amazing. I think how congenial President Trump has been in dealing with both of these parties. He wants to bring this to an end, and I'd like to say this: Dave, every week this waits, we're losing roughly another 5,000 lives. It's time for both parties, Russia and Ukraine, to get to the table and bring this to an end […] I don't know the answer in terms of who's advising Zelenskyy, and I would say this: had it been [Former President] Joe Biden in that Oval office, in that meeting, it would've worked, but it certainly is not going to work with President Trump. He wasn't going to tolerate that sort of behavior. He wasn't so hungry for a deal to be celebrating it in the Rose Garden. He sent Zelenskyy home, and he should have."

Hagerty on Trump's strength against Iran's terror regime: "Well, Dave, I'll remind you that everyone said that the Abraham Accords couldn't be done, but President Trump was able to deliver on that. If anybody can deliver peace in the Middle East, it's Donald Trump. I think the Iranians should understand and appreciate the fact that President Trump is not going to take this anymore. It's going to be maximum pressure. They are the greatest state sponsors of terror, not only in the region, but in the world. They're in a very difficult place right now. You mentioned, Dave, oil prices are coming down. That's not good for Iran, right? We started enforcing sanctions, rather than just talking about it the way the Biden Administration said, that's not good for Iran. Their economy's in a tough spot right now. Now is the time to negotiate. Now is the time to end this program of terror, to end their nuclear program, and bring peace back to the Middle East."

Hagerty on the tariff negotiations between the U.S. and China: "[China tends] to overplay their hand, whether it's their use of the Belt and Road Initiative, or whether it's the situation they find themselves in now, again, retaliating against President Trump when he warned them not to, and find themselves in an extraordinarily difficult box. China has a very export dependent economy. They've also not played by the same rules that every other major economy does. They steal intellectual property. They subsidize industries. They need to come to the table now and look to actually make a deal […] I worked very closely with the team that negotiated the phase one deal in the first Administration, because they worked with me on the two trade deals that we did with Japan. They committed, at that point, to $200 billion worth of purchases from America. They fell short. China needs to keep its word; China needs to step up. If you think about what happened during the Covid crisis, if you think about the spy balloon that flew across America, there's a real issue of trust right now. That issue needs to be resolved. China needs to prove that it's a reliable partner."

###