American President Donald Trump and White House officials dismissed concerns that economic growth may be faltering, On Sunday they saw little risk of recession despite a volatile week on global bond markets and insisting their trade war with China was doing no damage to the United States.
“We’re doing tremendously well, our consumers are rich, I gave a tremendous tax cut, and they’re loaded up with the money,” Trump said on Sunday.
But he was less optimistic than his aides on striking a trade deal with China, saying that while he believed China was ready to come to an agreement,
“I’m not ready to make a deal yet.”
The White House would like to see Beijing resolve ongoing protests in Hong Kong first.
“I would like to see Hong Kong worked out in a very humanitarian fashion,” Trump said. “I think it would be very good for the trade deal.”
Economic adviser Larry Kudlow said trade deputies from the two countries would speak within 10 days and “if those deputies’ meetings pan out…
We are planning to have China come to the USA” to advance negotiations over ending a trade battle that has emerged as a potential risk to global economic growth.
