Speaking on CNBC
- we can't live in a world where China cheats and treat us like a piggy bank
- The Pres. is taking a very strong stance against China
- since tariffs were announced the Chinese yuan has fallen by about 12%
- Clearly China is manipulating its currency
- China has devalued by over 10% to offset the effects of the tariffs
- China will bear the burden of the additional 10% tariff by manipulating its currency and slashing prices
- Powell has made a rookie mistake
- Key for market in near term is how fast fed cuts
- We can get to 3% and above growth rate if Powell lets us and let investment come back and increase trade.
- I am going to continue to argue that China is paying for the tariffs.
- China is hurting itself by devaluing its currency
- we plan to have the Chinese negotiators come here
- We are going to negotiate this deal behind closed doors. Don't believe anything you read that happens behind closed doors.
- China is the one that suffers far more harm than the US.
- US public behind China tariffs
- Pres. Trump promises all farmers that they will not be hurt
- USMCA deal helps all workers. It would be the largest and most modern trade deal, and designed to bring manufacturing back to the US.
- The US is not doing government contracts with Huawei
- We have done everything to negotiate with China.
- When the Fed raises interest rates, it harms our export growth.
