EDITION: US | UK | Canada
Thecapitalpost.com - Breaking, International, Business, Sports, Entertainment, Technology and Video NewsThecapitalpost.com - Breaking, International, Business, Sports, Entertainment, Technology and Video News
Sign In|Sign Up
 
 
Bridging The Gap
'No recession in sight' says Trump's top economic adviser
  Sunday 18 August, 2019
\'No recession in sight\' says Trump\'s top economic adviser

WASHINGTON – Never mind the market swings and ongoing trade wars. The U.S. economy will remain strong through 2020 and beyond, President Donald Trump's advisers on the economy and trade said Sunday.

“There is no recession in sight," top White House economic adviser Larry Kudlow said on "Fox News Sunday."

White House director of trade policy Peter Navarro likewise said on the Sunday news circuit that trade negotiations with China are going well and steps being taken by the Federal Reserve and the European Central Bank will keep the global economy humming.

The Dow Jones Industrial Average suffered its worst plunge of the year Wednesday, caused in part by fears of a worldwide recession and global trade wars.

The market returned to positive territory midday Thursday. But jitters remain.

Trade war: China threatens retaliation for US tariffs

Personal meeting?: Trump seeks one-on-one with China's Xi Jinping over Hong Kong, trade

There's still the ongoing trade war with China, for example. The Trump administration announced last week it would delay until Dec. 15 tariffs on Chinese goods that were supposed to go into effect in September.

Kudlow said negotiations continue. If ground rules and other issues can be worked out in the next week or two, Chinese officials could come to Washington for face-to-face discussions.

"We are doing very well with China, and talking!" Trump tweeted Sunday afternoon.

Source: https://www.usatoday.com/story/news/politics/2019/08/18/larry-kudlow-trumps-top-economic-adviser-rejects-recession-threat/2045725001/

Bookmark and Share
 
Post Your Comments:
Name :
*
City / State:
*
Email address:
*
Type your comments:
*
Enter Security Code:   


 Your Comments

 ,New York  Date:Sunday 18 August, 2019

 ,New York  Date:Sunday 18 August, 2019

 ,New York  Date:Sunday 18 August, 2019

 Latest News »
 
  Trump acknowledges bringing up...
  Trump talks with Democratic le...
  Trump slams former top nationa...
  Trump declares emergency in Fl...
  On climate, Trump says he won'...
  Donald Trump cancels trip to D...
  Trump advocates for more menta...
  'Make sure we win': Donald Tru...
  Trump threatens to retaliate a...
  Trump claims he'll 'end the AI...
  Trump accepts PM Imran's invit...
  Iraqi refugee Nadia Murad to T...
  Trump says U.S. shot down Iran...
  Trump retreats on citizenship ...
  Cities with the biggest Fourth...
  Donald Trump meets Kim Jong Un...
  Supreme Court blocks 2020 cens...
  A US attack could be imminent ...
  Donald Trump formally launches...
  Donald Trump talks health care...
 

Washington, DC

  ©2010 The Capital Post. All rights reserved.