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The most important highlights from Donald Trump's statement

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Speaking in front of the New York Economic Club:

  • Jobs were much smaller when he took over as President
  • According to experts, we had no choice but to accept the situation of strangulation
  • I know that if we work together, we can make America even bigger
  • The Federal Reserve has increased interest rates too much and too quickly, and reduced them too slowly
  • The Federal Reserve puts us in a weak competitive position with other countries
  • The US is competing with other countries, and the Fed is limiting this opportunity
  • If we had a Federal Reserve that worked well with us, US markets could be up 25% more
  • Last year, GDP growth was strongest in the last decade
  • We want companies to stay in the US
  • The United States has enormous economic potential
  • Taxes can be further reduced
  • Corporate taxes can be further reduced
  • US aims for energy independence
  • China is exploiting its status as a "developing nation" of the WTO
  • To be a strong America, it must be a nation of production
  • We have built 10,000 new plants
  • Europe has raised terrifying trade barriers to the US, even worse than the Chinese
  • No other country has "cheated" as much on the US as China
  • China is depreciating its currency, wanting a lot of trade
  • We are nearing the signing of Phase 1, which may be very soon
  • We will only accept a deal that is good enough for the US
  • China is at its worst in 57 years
  • We have good negotiations with Japan on a trade deal
  • As we move forward with the USMCA, I will require it to pass through Congress

Questions and Answers:

  • The industrial sectors are not affected by the administration's actions in the trade war
  • Our inaction cost us a lot
  • China begins to buy a lot of agricultural products If they do not make a deal with us, we will significantly increase tariffs

 Trader Martin Nikolov

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