close
close

Trump tells the managers that he needs “little time” when the US economy shrinks

President Donald Trump asked more time for the US economy because she has stepped together for the first time in three years and inspired the fears of recessions.

He said the number was misleading because the companies existed in advance before its introduction of tariffs.

However, Trump said that 8th $ 6Tn had been promised by internal investments, which he claimed to restore American manufacturing skills.

The US trade department has commissioned an annual speed of 0.3%, said the US trade department, a sharp downturn after growth of 2.4% in the previous quarter. It comes when Trump marked in office for 100 days, with opinion polls indicate public dissatisfaction with his economic administration.

On Wednesday afternoon at an event of the White House, in which the company manager took part, Trump blamed his democratic predecessor, President Joe Biden, for the disappointing gross domestic product data.

“This is bidens because we took over on January 20,” said Trump. “I think you have to give us a little time to move.”

It comes after the import taxes of the Republican President who have disturbed the global trade and the markets.

Trump's finger, who pointed to bidges, moved away from Democrats.

Congressman Hakeem Jeffries, minority leader of the US representative house, said: “This is not Joe Biden's economy, Donald, it is her economy.

“It is the Trump economy, it is a failed economy and the American people know it.”

At the event of the White House on Wednesday, Trump advertised investments in technology, healthcare and infrastructure.

He introduced CEO's large companies, including Jose Munoz from Hyundai, Ted Ogawa from Toyota and Johnson & Johnsons Joaquin Duato.

Trump also asked the congress to adopt his tax bill, which includes trillion dollars of tax and expenditure cuts, but is exposed to the Democrats and some Republicans.

During a television appearance earlier a day with cabinet members, Trump played the fear of lack of objects such as toys, since the trade between the USA and China falls strong.

“Well, maybe the children have to have two dolls instead of 30 dolls, do you know?” he said. “And maybe the two dolls cost a few dollars more than normally.”

Trump has issued 10% taxes for almost all countries in the United States after announcing a 90-day break for higher tariffs. The amount paid by these countries could change after the period in July.

Another 25% tariff were imposed in Mexico and Canada. However, the taxes in China have led to a comprehensive trade war with the second largest economy in the world.

Trump controlled the import tax of up to 145% for Chinese goods to the USA, and China has withdrawn with a tax of 125% for American products.

His administration said when the new tariffs were added to existing ones, the taxes for some Chinese goods could reach 245%.

Leave a Comment