Tags: China | Trump Administration | navarro | trump | china deal | tariffs

Navarro: Trump Does Deals 'Beautifully,' Will Get China Deal

president donald trump and president xi jinping shake hands as trump puts his hand on xi's shoulder
China's President Xi Jinping and President Donald Trump at a state dinner at the Great Hall of the People on November 9, 2017 in Beijing, China. (Thomas Peter - Pool/Getty Images)

By    |   Sunday, 18 August 2019 10:21 AM

White House trade adviser Peter Navarro said Sunday he’s optimistic about a trade deal with China because doing business deals is President Donald Trump’s strong suit.

In an interview on ABC News’ “This Week," Navarro said he’s optimistic that the president will "do the right thing for America"in negotiating with China.

"One thing that the president does beautifully is engage with the business community, labor leaders and everyone in between,” Navarro said.

“A group of executives came in and told us, all the stuff they were going to have on their store shelves on the Christmas holiday, already built in dollar contract,” he said. “It means that these people did not have any power to basically shift the burden back to China. The other thing we heard from these business leaders was that, ‘just give us some time.’ … by the way, we're taking all of our sourcing production facilities out of China and we'll continue to do that.”

Navarro also said he has no doubt the negotiations will end with a deal.

"I'm optimistic that the president will do the right thing for America."

He also touted the economy as going strong through 2020, and pushed back at the steep drop in the markets on Wall Street last week caused by fears over an inversion curve.

“Before I came to the White House I spent a better part of 20 years forecasting the business cycle and stock market trends,” he said. “What I can tell you with certainty, we're going to have a strong economy through 2020 with a bull market.”

As for the curve, he said,It is flat, not for bad reasons, but for good reasons.”

“We have the strongest economy in the world. Money is coming here for our stock market. It's also coming here to chase yield in our bond market."

Related Stories:

© 2019 Newsmax. All rights reserved.

   
1Like our page
2Share
Politics
White House trade adviser Peter Navarro said Sunday he's optimistic about a trade deal with China because doing business deals is President Donald Trump's strong suit.In an interview on ABC News' "This Week," Navarro said he's optimistic that the president will "do the...
navarro, trump, china deal, tariffs
329
2019-21-18
Sunday, 18 August 2019 10:21 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved