President Trump Teases "Framework" For Trade Deal With China
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Thursday, June 12th, 2025. I'm Jessica Rosenthal. A tentative trade deal with China would leave some significant tariffs in place, but some rare earth minerals we really need would start flowing again, at least in the short term. And what we're finding out now is we've got to play this huge game of catch up. And it's not it's not easy to do. It's not easy to do when you're talking about things in the ground that require massive infrastructure.

I'm retired Staff Sergeant Joey Jones. Some of America's first responders don't always receive the same spotlight as police officers and firefighters, but they too pay a personal price for the danger and trauma they endure on the job. When tragedy does strike, we are the ones that go and pick those pieces up. And I'm Joe Concha. I've got the final word on the Fox News Rundown. ♪upbeat music playing♪

President Trump wrote that the deal with China means they will provide rare earth minerals and magnets. They'd stopped the flow of those materials during this whole trade fight. The president said, we, the U.S., will give what we've committed to give, including continuing to allow Chinese students into American universities. And he added there will be a 55 percent tariff on goods coming from China to the U.S.,

And China imposes a 10% tariff on us. This is an issue where we're just talking about implementing the Geneva Agreement. The Geneva Agreement was about getting tariffs down to a mutually acceptable level and having the Chinese remove their countermeasures. And that's what we talked about.

U.S. Trade Representative Jameson Greer and Commerce Secretary Howard Lutnick agreed that since the talks in Geneva in May... But for whatever reason, it just wasn't happening. It was going too slowly, too painfully. But Lutnick said things started moving after the president and Xi Jinping had a phone call last week. Treasury Secretary Scott Besson had said things were being finalized before a congressional hearing on Wednesday, but he called negotiations successful and stabilizing.

and said China has an opportunity here to shift away from what he called excess production. The country needs to be a reliable partner in trade negotiations. If China will course correct by upholding its end of the initial trade agreement we outlined in Geneva, and I believe after our talks in London they will,

then the rebalancing of the world's two largest economies is possible. The question is, is this it? Or is there more to discuss? Greer indicated while there's no formal follow-up meeting set up, these are the world's two largest economies and representatives speak often. I don't think we've got all the details on this. We haven't seen the paper, so to speak, on this deal. So if you watch the stock market...

was sort of a tepid response to what would seem like a huge story, right? A trade deal with China. Brian Brenberg is a co-host of the Big Money Show on Fox Business. The market kind of said, OK, but show me more. Tell me more. And I think that's where a lot of investors are right now. The big things are what you mentioned. The holdup from the U.S. standpoint is China's dominance in rare earths, which go into inputs for a lot of things in the defense industry, in the auto industry, etc.

And so, folks, in that space, we're getting really nervous. And it sounds like now there's a plan in place to make sure that the flow of those rare earths and the magnets that they're used in doesn't slow down. On the other hand, we're going to send apparently more semiconductors uninhibited to China, particularly what I'm hearing is the kind of lower end NVIDIA chips. So that's interesting, not the higher end stuff as far as

We've been told right now and then allowing China's students to go to school here, which is also a fascinating dynamic because they're they make up a huge component of foreign born students. On the other hand, we've gotten some interesting stories of potential espionage coming from students from China over the last week. So how are we going to manage that to make sure they come and study and don't steal intellectual property? Or, you know, in the case of what was going on in Michigan, maybe spreading a fungus that can kill crops in the heartland.

Let's talk, Brian, about what this means, right? Because rare earths and magnets, that halt was pretty stressful on our military, our automakers. We need these for missile systems, jets. We need them for EVs, for medical tech, right? And at the same time that that is important and we need all of that.

How much is left on the table here? It doesn't sound like, for example, there's anything addressing American IP and how Americans do business in China or fentanyl or the idea. I mean, it sounds like the president also said we still have to talk about China opening up its market. So it sounds like there's still a lot left to do. Well, it raises an interesting question. What are we ultimately aiming for here? The president says we're going to talk more about opening up China, and that may be the case.

And maybe China does a complete about face and truly opens up to America. Personally, I doubt it. I'm very skeptical of that. Scott Besant has talked much more about our strategic interests with China. And that's not a general opening or a general thawing of relations necessarily. It relates particularly to interests both nations have and particularly in the short term. So, for example, China.

China's capacity to build the semiconductors that they need, they don't have that. So they need chips from us. We don't have the capacity to mine or refine rare earth minerals for leading industries like automakers and defense in the United States. So we need that from them. In other words,

I don't know that what the deal we got and I could be wrong, but I don't know the deal we got here presages a really significant change in relations. I think what it does is it secures strategic assets and needs in the short term. But to me,

The long-term trajectory here still very much is a decoupling. And from the U.S. standpoint, we would be very, very wise to invest like crazy here.

in the rare earth mining and production that we lack and that is causing us to have to relate to China in these trade deals where we are. Well, and that was the Ukrainian deal, right? Or Greenland, the Greenland conversation. Yeah, we haven't talked about that for a while, but that was part of the Greenland conversation.

Let me ask you about that word decoupling, right? Because it's actually such a sensitive word in this whole conversation. I think it was a few Sundays ago now, the president said, look, I want to make stuff here for national security reasons, you know, medicine, tech, chips, the stuff we need for like EVs and solar panels. But he said, I'm not looking to like have T-shirts and tennis shoes made here. What did you make of that in the broader debate of decoupling? Because it sounds like almost like we're doing

It's not a full move out of China. Yeah. Well, right. So the president, again, this goes back to looking to the future. Right. What are the industries that are going to position us strategically globally in the future? It's not going to be T-shirt manufacturing. It's going to be high precision manufacturing of clothes.

Either technological goods, goods that have a military application. That is where Scott Besson's focus has been. And I think increasingly that's why it's been President Trump's focus as well. Now, look, I would say this.

I actually don't think there's any reason why you can't do manufacturing of any kinds of goods in the United States. I don't think we should be presupposing where that can and can't happen. If you do T-shirts, the United States, I will just tell you, it's not going to be a labor intensive process. It's going to be a very technical. Right. So but we can do it here. We're just not going to hire. We need time. But we we need we need time. But it's these guys are thinking about big projects.

geopolitical battles when it comes to critical. And again, I just I keep using this word, but I think you have to. This is there's military all over all of this. OK, and that's what they're really thinking about, because you have issues hanging out there like Taiwan. You've got China's relationship with Iran, China's relationship with Russia. OK, so right now,

Those are the fish you're trying to fry, so to speak. And you can't be focused so much in tennis shoes and T-shirts because that's just not where the main conflict with our main adversary is. Did you notice that last week in the call between Xi Jinping and President Trump and in the readout from the Chinese media, it said that.

that she told President Trump, be careful about Taiwan. It does make you think about how Taiwan semiconductors now making chips in America. And, you know, if China has its eye on Taiwan, maybe the debate and the struggle and the fight isn't so much over chips if they have this plan to take over Taiwan. Well, you know, I

That's not a taking over Taiwan is not it's a pretty hard fought thing. I mean, yeah, it's not easy. But it's their goal. It's their stated goal. No. Yes, I agree. I actually agree with you on that. Yes. And I do. I think that's their stated goal. And, you know, so you could say it's a long term chip play. I think it's more than that for China. Oh, sure. But it it reinforces actually just if you think about the position the United States is in for a second, we got.

complacent about some pretty important things over the past 20 years. And one of those things was chips. And I would argue another one of those things was just basic compounds in the earth, rare earths or otherwise, that really

We need to be competitive with our biggest global adversaries. We just got complacent on that. We got complacent, I would argue, probably up until the first Trump term with energy as well. And what we're finding out now is we've got to play this huge game of catch up. And it's not it's not easy to do. It's not easy to do when you're talking about things in the ground that require massive infrastructure. So.

Yes. So Taiwan is a complicating factor. And that's why every single day in some way, shape or form, we're talking about chips where they're made and what we're going to do to make the U.S. more competitive so that we can actually do more of that manufacturing here. OK, before you go, let me ask, because the president said in his Truth Social post, 55 percent is still in effect in terms of a tariff on China and that they still have a 10 percent on us. This is still a

somewhat painful. Very painful. What I would say is that if that number is correct, if I'm understanding that number correctly, again, we haven't seen a lot on paper about it.

What that number tells you is it's not crippling, but this is going in one direction. You're not, if your main sourcing is China and you're dependent on that and you want to depend on that from here to kingdom come, that strategy is not going to work. And I think that's very interesting. It's not coming down to 10%. It's 55%. Every business in America is asking themselves, okay, so what do we do next? Correct.

because we can't rely on this for the rest of time. Yeah. Lastly, we got a new inflation number where I think I read 2.4%. I mean, it went up as inflation does, but only by 0.1%. That was less than expected. Less than expected. Yes. This was a very good inflation report. It was good on its own terms. But if you think about in the context of all the fears of inflation spiking as a result of tariffs, it was a very, very good report.

And so I I strengthens the administration's hand just a little bit. Look, what we've been doing so far has not translated into the dire outcomes. Everybody said. And I think the administration would argue if you combine and they would probably say, look, our full agenda of energy deregulation, general deregulation, regulation.

cuts and pushing toward rejuvenation of the economy with these tax cuts. I think they feel like they're holding a lot of cards right now with respect to our trading partners around the globe. So in how much time do we get a truth social post demanding that Jerome Powell change the rates? Oh, we've got the rates. We've got it. Oh, yeah, that's that's

The president's not going to waste a second on that. He got it out there. And he's got, look, with the numbers we've got right now, if you look at the bond market, he's got a decent case for that, to be honest with you. And I'm a guy who's skeptical because the last time we cut rates in this country, market interest rates actually went up. They went the opposite way. It didn't work. But that was back in the latter part of last year before the election that

The president's got a stronger case. And right now, with the inflation numbers we're seeing, it gets stronger every single month. Might be time to bring down those rates. Well, yeah. And he's saying in this in the post, it would mean we'd pay much less interest on the debt. That's an argument. That's an important that's a really important point. Now, market interest rates. Right. What the what the bonds are trading and have to move in that direction, too.

But yeah, it helps the government lower its bills. And I would argue just as importantly, I mean, it helps Americans who are saying to themselves high interest rates have locked up one of the most important markets in our whole country, which is the mortgage market and housing. And boy, wouldn't it be nice if sellers got back in the market, buyers could get in and people could get back to the American dream. Brian Brinberg, Fox Business, The Big Money Show. Thank you so much for joining us. Yeah, my pleasure. Thanks for having me.

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I'm Emily Campagno, host of the Fox True Crime podcast. This week, Pulitzer Prize winning author Caroline Fraser joins me to discuss the cultural and environmental factors that shaped America's era of serial killers. Listen and follow now at foxtruecrime.com. This is Joe Concha with your Fox News commentary, coming up.

Fox News Podcasts presents Great Americans on the Fox News Rundown. This is retired Staff Sergeant Joey Jones. And growing up as a kid in the country, I spent a lot of time hunting and fishing.

This was pretty common for people growing up in the South. And as a kid, I didn't know much about game wardens, other than they were kind of around to make sure folks weren't poaching fish or that they weren't, you know, shooting deer with a spotlight. We knew that they had the power to take your boat or your truck if you violated the law. So we took them seriously. But we also saw them as, you know, the fun police.

It wasn't until years later that I recognized game wardens too, like all first responders, make incredible sacrifices, including putting their own lives in danger for the sake of their community. They are also uniquely trained to deal with the wilderness and many times are called upon to help other members of law enforcement when pursuing suspects or missing persons in the woods.

Jeremy Judd is a proud veteran of the Maine Warden Service. He is featured in my new book, Behind the Badge, where he tells a story about his time in service, working in the search and rescue team and having to cope with the unique dangers and traumas of that job. Years of searching for missing persons or tending to a boat crash or an ATV crash or a snowmobile accident or hunting accidents, they all paid a heavy toll on him.

impacting his personal life and leaving him with PTSD. I was always referred to as the fun police, but I like to refer to us as the police officers of the woods and water. Jeremy Judd served over 20 years as a district game warden in Maine. It wasn't even anything close to what

I would have thought it would have been, or what it was described to me. Um, no one ever told me I was going to deal with so many dead people. And, um, you know, that's, that's part of the, a big part of that job. Um, you know, we do a lot of search and rescue, um, the beginning, uh, years of my career, I dove for the state of Maine. Um, and, uh,

I recovered a lot of people. I did all the underwater photography for underwater crime scenes and stuff like that. I was involved with pretty much any disaster that happened on the water. In our interview for the book, you talked about how you guys go to, I believe it's the same academy as state police officers or at least some version. You're in an academy with guys and gals that will become police officers. You learn the criminal justice side of the state law first.

becoming a game warden. And I think a lot of people don't make that connection. Like my idea of a game warden is you're enforcing, you know, natural resources, parks, hunting and fishing law. But really, if someone does something, say they, you know, rob a bunch of convenience stores and end up fleeing to the woods. Now you guys are a part of that. Why is that?

Well, we are the experts in the woods. You know, we we are, you know, you're right. Just to back up a little bit. You know, we do go to what they call the main basic criminal justice academy. All law enforcement officers in the state go to that academy.

And when you're there, you're mixed in with everybody, you know, from town cops to county to state police to, you know, game wardens. Marine Patrol is another one that goes there. So so it's a big you know, you get pushed into this this school. It's 18 weeks long. They teach you all that stuff. But most where most police officers, they when they leave there, they go to their patrol areas and they go to work.

Um, game wardens, um, have to go to what we call the warden school, which is an additional 14 weeks of training. And that's, that's how to operate, you know, in the woods by yourself on the water. You know, we have to be experts, you know, to run snow machines, ATVs, boats, you know, um, there, there's a, uh, you know, we take it for granted because it's what we live and do, but there is a real specialty to that and being able to help and assist, um,

We may not be primary in all this stuff that happens in the woods, but we're quick. We've called in for our expertise. Yeah, you talk about your specialties and you alluded to it earlier. You didn't realize you'd be around so many dead people.

I know this because of your chapter in the book and the conversations we've had, but becoming a member of the dive team, you kind of say it in terms that make it really hit home, which is you don't find a lot of people alive underwater. And so what made you decide to do that and what was the experience of doing that like?

I looked at all the specialties of the warden service and I tried to get experience in all that before I became a game warden. And so I had gotten my open water certifications to dive and I had done a bunch of diving. Matter of fact, I even was trying to get my pilot's license and doing some flying on my own just to really get myself to stand out to get the job. And of course, once I got the job,

I, you know, it was just a natural gravity like, hey, you know, I'm a diver. I should join their dive team. And so they had a couple openings pretty early on in my career within the first year. And I was selected to join the team and didn't really know what I was getting into. But but the dive team was kind of like the elite of the warden service. You know, they were.

you know, because of what they dealt with and stuff. And they, you know, and it was a real huge honor to be part of that team and get selected for that. And then, then be asked along the way to, you know, you know, do the underwater photography. You know, we've had some pretty major crime, you know, boat accidents where, you know, some serious charges, we, you know, manslaughter charges are coming out of this. So, you know, having accurate,

measurements and underwater, you know, be able to create an underwater scene for a courtroom somewhere was a big deal and be able to photograph it so that a jury somewhere could see what was really happening, right? So it was a huge honor to do that and be part of that team.

And it was a huge decision to leave that team when I decided to move on. But it's a chapter in my life that I really am proud of, and I miss it. I'm still very good friends with many of those members of that team that, you know, even today we talk weekly. Yeah.

I know eventually you left the dive team because it did get difficult. But what was that process like going from, hey, this really sucks, but it's worth it because the mission's worth it because it makes me special to, hey, you know what? It's time to hand this over to somebody else. Yeah, it was for me, I mean,

You know, I had an incident when I was diving where I had come out. I was in the water too long, and I came out of the water, and I passed out, and I got severely hypothermic and stuff. And me and my wife was trying to have kids, and it made her very –

She didn't, she didn't like me diving. Right. It made her uncomfortable. Um, you know, I, I ended up, you know, getting a, what I thought was going to be my duck hunting buddy, a black lab. And, um, and she was extremely intelligent. And, um, and I, and as I taught her how to hunt and we worked hunting together and stuff, and she picked things up so quickly, I thought to myself, man, maybe we could, maybe this dog is meant to do more. So I introduced her to our canine team and, um,

And so in Maine, you can only have one or the other. You can't, you can't be a canine member and a dive team. You have to choose. And, um, and somewhere's in there. I thought, well, this is better for me, for my family. And it'll give me an opportunity still being equally as important. And, um,

And so that that was when the canine team evaluated my canine tundra and said, man, this dog's this dog something we'd love to have her on the team. And they offered me the position. That's when I had to make that real hard decision to leave the dive team and move on with, you know, with the canine team. And that's kind of what got me to leave the dive team.

When I started working Tundra and getting her out in the field, I mean, her first call said it all to me. You know, we responded to a elderly man that had dementia. I was called in as kind of like reinforcements. And I remember the head of our canine team said, just go back to the house and exercise Tundra, get the jitters out of her and stuff. And then...

Uh, we'll get you an assignment. Well, that behind the house had already been searched. And, um, and, and it's funny because Tundra could read, like she knew when we were training and she knew when we were, it was game time. She just, she could read that. She could read my body language. She just knew. And, um, I took her out and went out behind the house and I was wanting her exercise and, and, and, uh,

you know, she was just a little short legged black lab and she spun in a circle and took off. And, and I went, Whoa, that's not normal. So I chased her and, and she found him. And she, and what had happened is he, that when they were building the road, they pushed this rock back and it created this cavity under the rock. And that guy had fallen essentially buried alive under that rock. And, and,

I remember getting to him and she's standing on this poor guy's chest, barking at him. And I had to, and all I can, I'm crawled on my belly and under this rock to see, and I pull her out and I had to pull him by his boots out and he's shaking kind of uncontrollably. And,

And of course I'd make the call and we get to rescue there and all that stuff. And we get them in the ambulance and about 20 minutes later, he's sitting up looking around like, you know, he's, he's going to be fine, you know, and his son who was still, you know, very senior to me in his sixties, I would guess a very prominent businessman in the area, um, walked up to me and he could not talk tears running down his face, but he shook my hand and he patted Tony. And I knew that that moment that,

I hadn't made the right decision to leave the dive team. You know, kind of to wrap this up, do you think the people in this country have a proper or even a decent perspective and appreciation for what you guys do? I think the outdoors...

people of the world, the ones that hunt and fish, the people that are recreating out there. Um, you know, we are the fun place, you know, we do come along when it's the 4th of July and someone's had too many drinks and we arrested and no one likes that game warden. Right. And I understand that. Um, but it's important because those incidents are what ends ends in tragedy. And that's what we're trying to prevent. But, um,

I mean, we're, we're there to, to help. We're there to, you know, when tragedy does strike that, that we are the ones that go and pick those pieces up and help, you know, that dive team, it was all about closure. It was all about giving families closure. Um, you know, when someone goes lost or missing, you know, um, where, where the experts, where the ones that goes in and, and, and recovers them or brings them home alive. Um,

And I'm not sure. I think people and local people know we're there for them. But I think a lot of people go to this state and are very unaware of who we are. Well, Jeremy, I can't thank you enough for the work you've done, for the career you've had. You're going to continue to be a buddy. You've wrapped up your time as a game warden. I'm excited to see what's next. I know you're working on a couple of things, but I can't thank you enough for being a part of this and for letting me interview you today.

Well, I appreciate you taking the time and I really, really appreciate you letting me be part of that book. For more interviews highlighting great Americans, go to Fox News Rundown dot com.

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It's time for your Fox News commentary. Joe Concha. What's on your mind? Have cheap fake videos made a comeback? Hi, everyone. You remember June 2024 before the presidential debate between Donald Trump and Joe Biden, the media insisting

that when we saw Joe Biden shaking hands with the air or forgetting the names of his cabinet members or literally having conversations with dead people who have been dead for many years, well, we were told all those things like falling down on stage or falling up the stairs at Air Force One or falling off his bike. Those are all cheap fake videos.

We're seeing it again here during the L.A. riots. Cars, scores of them, burned in the middle of the street. Dozens of stores looted by, you know, rioters and overrunners.

overall chaos in a certain section of Los Angeles. But nevertheless, our media is telling us that no, actually, this really isn't happening. What you're seeing on your screen is not happening. Trust us. Don't trust your lion eyes. Well, unfortunately,

Unfortunately, it's not working out for Democrats very well. Democrats are losing in the court of public opinion. 60% of Americans support the National Guard being sent to Los Angeles to quell these riots. Only 40% oppose. What does that tell you? That Democrats are 20 points underwater on Democrats.

an issue, a controversial one that they cannot win on because Americans may not want riots anymore. Maybe they don't like it when law enforcement is attacked. Maybe, maybe they don't want violent criminals in this country who entered illegally, including murderers, including rapists, including child molesters. Donald Trump's mission, ICE's mission is to send these people back to where they came from. Democrats somehow are defending them.

This is political suicide in real time. And if Democrats don't get their messaging straight on this, which they will not, they will double and triple down. Well, let's just say 2026 is not going to go well. In 2028, I wouldn't want to be the Democratic nominee if this is what you're defending. I'm Joe Concha.

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