“The best thing that happened is we have two countries that like each other again,” President Trump tells JoeSquawk about signing the “massive” phase one trade deal with China. Davos2020
and much more, including the president's persistent complaints about the Federal Reserve's rate policy.JOE KERNEN: It's great to see you. Thank you for joining us, again, in Davos. We've done this before.JOE KERNEN: It was a couple of years ago. Before we get started-- with- we're going talk about the economy and a lot of other things--the CDC-- has identified a case of coronavirus-- in Washington state. The Wuhan strain of this. If you remember SARS, that affected GDP.
JOE KERNEN: --and I needed to ask it. And I needed to--ask it. That's why I did. But I really want to talk about-- what we're seeing over here. We came--to Davos expecting to hear about this ESG, Environmental, Social and Governmental issues. We expected to hear about stakeholders versus shareholders.JOE KERNEN: We expected to hear about climate change.
PRESIDENT TRUMP: Well, I don't want talk doghouse. I wish he didn't raise the rates. That was not what I thought would happenPRESIDENT TRUMP: I think the rate should go down.PRESIDENT TRUMP: No, because I think the dollar's very, very strong. And I think the rate should go down. We have a very strong dollar, and that sounds good, and it is good in many ways, but it's very bad in terms of manufacturing. I've created almost 700,000 manufacturing jobs.
PRESIDENT TRUMP: Oh yeah. We're starting. We've already started negotiating. And frankly, we're starting with Europe too. Europe is-- to be honest with you, Europe has been very, very tough to deal with. They've taken advantage of our country, the European Union, for many, many years. And I told them, we can't do it anymore. I met with them yesterday. I wanted to wait till I finished China, to be honest with you. I'm-- always like to be very transparent.
PRESIDENT TRUMP: We're going have tremendous growth. Joe, when you have all of these trade deals the I've made-- don't forget, I made a $40 billion deal with Japan. I made a massive deal with South Korea. Nobody even knows what the number is, but, you know, it was a horrible deal, now it's a great deal. And then you add Mexico, you add China, you add Canada. You add all of these other countries. And we have about ten countries that we're dealing with.
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