[ad_1]
"Before I came to the White House, I had spent more than 20 years forecasting the economic cycle and stock market trends. What I can tell you is that we will have a strong economy in 2020 and beyond with a bull market.
White House trade advisor Peter Navarro expressed his optimism in an interview with ABC News on Sunday.
Why so optimistic? It's all about stimulus.
"The Fed will lower rates. The ECB will engage in monetary stimulus measures. China will engage in fiscal stimulus, "he said.
Navarro also said that "the largest commercial agreement in history" will give a boost.
"At the beginning of October, if Congress goes beyond partisan politics, the trade agreement between the United States, Mexico and Canada should be adopted," Navarro predicted, adding that "it would give us hundreds of thousands of dollars." 39 additional jobs and more growth points … ""
He then criticized the Wall Street Journal after Martha Raddatz, ABC's host, mentioned the newspaper using the "Navarro Recession" label.
"Why has the Wall Street Journal not written in the last ten years about China's piracy of our computers to steal trade secrets, theft of our intellectual property, the imposition of the transfer technology of our companies, the monetary manipulation that took place for more than a decade? "The Wall Street Journal never saw an American job that it did not want to relocate."
Lily: "I do not see a recession," says Trump's chief economic adviser
Raddatz then asked about the tariffs and why the president announced he would delay them to help US consumers, even though he had previously said that China was suffering the consequences.
"We have Chinese exports worth $ 300 billion that have not yet been priced. So what the chair has done has been reviewed and, starting September 1, about half of it will be priced at 10%, "he said. "Now, the other half, why did not we tax the other half? One of the things the chair does very well is to engage with the business community, the union leaders and all the others. "
He said Trump had met a group of executives who had told him that all the products on their shelves had already been purchased in dollars. "What does this mean for your viewers? This means that these people had no power to transfer the burden to China, "said Navarro.
Watch the full interview:
The Dow Jones Industrial Average
DJIA, + 1.20%
closed its hectic week with a sharp rise of 307 points on Friday.
[ad_2]
Source link