President Trump Donald John TrumpSteele Dossier sub-source was subject of FBI counterintelligence probe Pelosi slams Trump executive order on pre-existing conditions: It 'isn't worth the paper it's signed on' Trump 'no longer angry' at Romney because of Supreme Court stance MORE on Wednesday said he settled on a name for a horse given to his son, Barron, as a gift from the Mongolian government: Victory.

The president shared the name for the horse, which was symbolically gifted to his 13-year-old son, as Mongolian President Battulga Khaltmaa arrived at the White House for a meeting.

White House press secretary Stephanie Grisham Stephanie GrishamIvana Trump on Melania as first lady: 'She's very quiet, and she really doesn't go to too many places' The Hill's 12:30 Report: Trump uses White House as campaign backdrop Coronavirus tests not required for all Melania Trump speech attendees: report MORE tweeted a photo of the horse, and confirmed it would remain in Mongolia.

The First Family is very grateful to Mongolia for this time-honored traditional gift. The horse has been named “Victory” and will remain in Mongolia. pic.twitter.com/aFqtJzc1Il — Stephanie Grisham (@PressSec) July 31, 2019

The animal is a symbol of the country dating back to the time of Genghis Khan. It has become a standard gift to offer foreign dignitaries. Former Vice President Joe Biden Joe BidenPelosi slams Trump executive order on pre-existing conditions: It 'isn't worth the paper it's signed on' Hillicon Valley: Subpoenas for Facebook, Google and Twitter on the cards | Wray rebuffs mail-in voting conspiracies | Reps. raise mass surveillance concerns Fox News poll: Biden ahead of Trump in Nevada, Pennsylvania and Ohio MORE and former Defense secretaries Donald Rumsfeld and Chuck Hagel Charles (Chuck) Timothy HagelWhile our foes deploy hypersonic weapons, Washington debates about funding Hillicon Valley: Democrats request counterintelligence briefing | New pressure for election funding | Republicans urge retaliation against Chinese hackers National security leaders, advocacy groups urge Congress to send election funds to states MORE were gifted the small horses.

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Trump and Khaltmaa were expected to discuss trade during Wednesday's meeting. Mongolia borders Russia and China, and the bulk of its trade passes through the latter.

A senior administration official said the U.S. is seeking ways to diversify Mongolia's trade flows. The country's main exports include cashmere, minerals and other rare earth materials.

Wednesday marked the first time since 2011 that a Mongolian president visited the White House.

Updated at 5:33 p.m.