& # 39; Before I came to the White House, I spent a better part of 20 years predicting the business cycle and stock market trends, and what I can tell you with certainty is that we will have a strong economy through 2020 and beyond with a beef market. & # 39;
There is a trade advisor in the White House, Peter Navarro, who expressed some serious optimism in an interview with ABC News on Sunday.
Why so bullish? It's about the stimulus.
“The Fed wants to lower prices. The ECB will participate in monetary policy stimulus. China wants to participate in fiscal stimulus, ”he predicted.
Navarro also said that "the largest trade agreement ever in history" will give a boost.
"By the beginning of October, if Congress rises above party politics, we should have passage of the US-Mexico-Canada trade agreement," Navarro predicted, adding that it will "give us hundreds of thousands of more jobs, more growth points … "
He then proceeded to slam the Wall Street Journal after ABC host Martha Raddatz picked up the papers using the" Navarro Recession "label.
"Why hasn't the Wall Street Journal been editorial over the last ten years about China's hacking our computers to steal trade secrets, to steal our intellectual property, to force the technology transfer from our companies, about the currency manipulation that happened in over a decade? "he said." The Wall Street Journal never saw an American job it didn't want offshore. "
Read: & # 39; I don't see a recession, & # 39; says Trumps top economic adviser
Raddatz then asked about the tariffs and why the president announced that he would expose them to help US consumers, even though he previously said that China bears most of the impact.
"We have $ 300 billion in Chinese exports that did not yet have tariffs. So what the president did was looked at, and from September 1
He said that Trump met with a group of executives who told him that all the products on their shelves had already been bought dollar contracts. “What does it mean for your viewers? This means that these people had no power to shift the burden back to China in the first place, "Navarro said.
View full interview:
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ended his quarry with a strong gain of 307 points on Friday.