“You don't need a deal”: Top Trump business consultant is everything in his China Hardball

The first 100 days of the second Trump government were a hurricane. And Stephen Miran, the chairman of the President Trump's economic council, was at the center of “volatility”. Trump has increased import taxes at levels that have not been observed since the 1930s. And trade talks to roll them back – or not – are in the river and leave the trajectory of the US economy, consumer prices and global trade in the balance.

Miran, a Ph.D. The economist trained in Harvard, who is known to float the idea of ​​a Mar-A-Lago agreement to restructure the global trading system, was enabled to explain the thinking and final goals of the president.

On Wednesday, shortly before the United States and Great Britain announced this weekend a framework for a trade agreement and before the trade talks between the administration and the Chinese officials, Miran spoke to the Talmon Joseph Smith of the Times in his office next to the White House. And he stood for the unconventional movements of the president.

The interview was easily processed for length and clarity.

In public comments, you said that you are not in the negotiation team, but as an economist, do you think as an economist that the economy of this country can maintain what the finance minister has called the “Embargo” of the current tariffs for China?

Yes, so look, the president acted with a historical scope and speed to put American workers on the ground towards our trading partners. I don't think someone could say that the political adaptation was neither historically nor exceptional. As a result, there was volatility on the financial markets. There can also be volatility of the economic data, but I think it is important to understand that volatility means nothing bigger in the long term.

And so is it possible that the economic activity will be replaced by one month to another? Yes. Are companies waiting to find out the results of the negotiations? Yes. Wait that the tax bill will be passed and that we will avoid the greatest tax increase in history next year because the tax reductions of the President will not expire in 2017? Yes, you are waiting for it too.