ICYMI—Hagerty Joins Mornings With Maria on Fox Business to Discuss China, Reconciliation, Iran, Proxy Advisors and new Federal Reserve Chairman
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Home About Biography Committee Assignments Services Agency Help Academy Nominations Veterans Resources Student Resources Internships Flag Request Judicial Appointments Schedule A Meeting Visiting DC Grant Help Tennessee Tuesdays Legislation Introduced Co-Sponsored Newsroom Press Releases Columns/Op-Eds Hagerty Hits Press Packet Subscribe to Hagerty Happenings Contact Bill Email Bill Office Locations Newsletter Signup Follow Follow Follow Follow ICYMI—Hagerty Joins Mornings With Maria on Fox Business to Discuss China, Reconciliation, Iran, Proxy Advisors and new Federal Reserve Chairman May 20, 2026 Washington —On Tuesday, United States Senator Bill Hagerty (R-TN), a member of the Senate Foreign Relations, Appropriations, and Banking Committees joined Mornings With Maria on Fox Business to discuss U.S.-China talks, budget reconciliation, Iran, proxy advisors and new Federal Reserve Chairman Kevin Warsh *Click the photo above or here to watch* Partial Transcript Hagerty on President Donald Trump’s visit to China: “The president clearly understands the strategic value of Taiwan, and I’m certain that the conversations with [General Secretary of the Chinese Communist Party] Xi Jinping focused on the aggressive behavior of China in the Strait. I think that President Trump has been very clear that Taiwan is a strategic asset that’s critical not only to our economy, but to the world economy, and it would be devastating to our economy—but to China’s economy much more significantly—were something to happen in Taiwan. Everybody is handling this very carefully; the negotiations are proceeding. I was very pleased with the president’s meeting in China with President Xi. We demonstrated massive strength in terms of our innovative capacity. The CEOs that traveled with the president there with the best of American business, and allies like Japan, Australia, the Philippines are significantly stepping up their military strength and capabilities. I think we have had a significant show of strength in the region.” Hagerty on trade deals with China: [Trade deals] would do a great deal to adjust the trade imbalance that we’ve long had—and long endured—with China… I think what President Trump is doing is normalizing the trade relations with China where he can. Roughly 90% of the goods that we trade with China are not dual-use goods. I think the president is going to be very clear-eyed about dual-use products, and make certain that America maintains its competitive advantage when it comes to these key technologies, whether that be in AI or technology that could be deployed on a dual basis to military uses.” Hagerty on the conflict in Iran: “We’re at a point where the Iranians have to agree to something that is going to work for us, or suffer the consequences. President Trump is making that very clear. He has been incredibly patient listening to allies in the Middle East region—I’m certain that they want to see a deal done, because it’s been so devastating to all of them—but President Trump’s patience must be wearing thin at this point. We certainly have the military capacity to deliver exactly what President Trump is suggesting. Brad Cooper, our head of [U.S. Central Command], still has a significant target package left to go. It will take a couple of weeks to execute that, but at that point in time, it will be an entirely different show. I think the Iranian regime needs to wake up, understand that, and make a clear decision. They will not have nuclear weapons, nor will they have that capacity. They have to stop the terror in the region and stop their hostile behavior. It’s clear to me that the decision time has come. Let’s hope they make the right one.” Hagerty on proxy advisors: “[ISS and Glass Lewis] are a duopoly of companies that advise passive investors… how to vote on the shares of stock that they represent in America’s companies. And we found these proxy advisors engaging in political activity … to prohibit the free movement of American corporations. It’s absolutely unconscionable—it’s a racket and it’s a duopoly. [Proxy advisors] are misusing their monopoly status. It’s time for it to come to an end, and I intend to pursue it legislatively with any Republican or Democrat that is willing to work with me […] I was serving on the board of directors of a New York stock exchange traded company before I came into public office, and we got a recommend against one of the positions on our proxy statement…then we get a call the next week to the CEO’s office saying, ‘we have a consulting arm that can help you get right with us.’… They shouldn’t be involved in poli
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