Treasury Secretary Bessent: Expect 'substantial disinflation' after 1-2 more hot inflation numbers

Treasury Secretary Scott Bessent joins 'Squawk Box' to discuss President Trump's summit with President Xi Jinping, his meeting with Vice Premier, foreign investment in the U.S., U.S.-China summit trade agenda, whether China will help with the reopening of Strait of Hormuz, impact of the Iran war on oil prices, U.S.-China AI arms race, U.S.-Anthropic relationship, future of Taiwan, and more.