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NewsBreak: Trump Again Says China Deal Could Come 'Soon', Again Attacks Fed

Stock Markets Nov 12, 2019 01:04PM ET
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Investing.com – President Donald Trump said Tuesday a significant phase one deal with China "could happen soon” but only if it benefited the U.S. The president also said the U.S. economy has exceeded expectations by a "very wide" margin even as the Federal Reserve's previous round of tightening put the economy at a competitive disadvantage.

- Trump said at the Economic Club of New York that no country "cheated" more than China on trade, but a phase one deal "could happen soon, but we will only accept the deal if it is good for the United States and our workers and our great companies."

- Trump hailed the stunning turnaround in the U.S. economy since he took office despite monetary policy tightening by the Fed. "I did this despite a near-record number of rate increases and quantitative tightening by the Federal Reserve since I won the election," Trump said.

- "Remember we are actively competing with nations that openly cut interest rates so that many are now actually getting paid when they pay off their loan, known as negative interest. Who ever heard of such a thing?" Tump said. "Give me some of that. Give me some of that money. I want some of that money. Our Federal Reserve doesn't let us do it," Trump added.

- After years of stagnation and decline, American income and wages are rising "very fast," with GDP growing at the fastest pace in more than a decade, surpassing that of its G7 rivals, the president added.

NewsBreak: Trump Again Says China Deal Could Come 'Soon', Again Attacks Fed
 

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Comments (32)
James Pattison
James Pattison Nov 13, 2019 4:41AM ET
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Fake... news...
Chic Surinthum
Chic Surinthum Nov 13, 2019 3:49AM ET
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No vote him next year
Peter Dikeakos
Peter Dikeakos Nov 13, 2019 3:47AM ET
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Trump: The baddest Used Car Salesman of Atlantic City. No empathy for truth. He thinks that he is the America's Prince. He is America's pric..k.
Old Stone
Old Stone Nov 12, 2019 11:37PM ET
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Swore i heard phase one deal was done and would be signed in 6 weeks about what 6 weeks ago...now no de...lol...how many times we gonna play this card...
Timothy Yap
Timothy Yap Nov 12, 2019 6:58PM ET
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Soon... Maybe 2020.
Krl Marx
Krl Marx Nov 12, 2019 6:51PM ET
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Trade war is a hoax
ken johnson
ken johnson Nov 12, 2019 5:58PM ET
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Amen!!!!
Hazel Alder
Hazel Alder Nov 12, 2019 2:35PM ET
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we are already oil rich. however, we can head toward you and your weak military, if you want
Godiraone Tshane
Godiraone Tshane Nov 12, 2019 2:15PM ET
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hope it will be a small recession
Ian Serra
That_Guy Nov 12, 2019 2:15PM ET
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with the hype being put into this market I'm worried
david rosenblum
david rosenblum Nov 12, 2019 2:15PM ET
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make hay while the sun shines
Mojo Snake
Mojo Snake Nov 12, 2019 2:02PM ET
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Duuuhhh don't you worry never fear Robin Hood will soon be here......
 
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