STATES.
THE CUTS SET TO GO INTO EFFECT THE CUTS SET TO GO INTO EFFECT
NEXT FRIDAY, FEBRUARY 14. NEXT FRIDAY, FEBRUARY 14.
JOINING ME RIGHT NOW FOX JOINING ME RIGHT NOW FOX
BUSINESS EXCLUSIVE, IS BUSINESS EXCLUSIVE, IS
TREASURY SECRETARY STEVEN TREASURY SECRETARY STEVEN
MNUCHIN MR. STEAK A ALWAYS A MNUCHIN MR. STEAK A ALWAYS A
PLEASURE TO SEE YOU THANKS FOR PLEASURE TO SEE YOU THANKS FOR
BEING HERE. BEING HERE.
>>THANK YOU, MARIA ALWAYS>>THANK YOU, MARIA ALWAYS
GREAT TO BE WITH YOU AS WELL. GREAT TO BE WITH YOU AS WELL.
>>YOU WERE EXPECTING CHINA TO>>YOU WERE EXPECTING CHINA TO
DO THIS PART OF THE TRADE DO THIS PART OF THE TRADE
DEAL. DEAL.
>>THAT IS CORRECT, THIS IS>>THAT IS CORRECT, THIS IS
PART OF CHINA IMPLEMENTING PART OF CHINA IMPLEMENTING
PHASE ONE WHICH IS OUR BIG PHASE ONE WHICH IS OUR BIG
FOCUS AT THIS POINT. FOCUS AT THIS POINT.
AND THIS IS THIS IS ONE OF THE AND THIS IS THIS IS ONE OF THE
MOVES THAT IS A BIG STEP THE MOVES THAT IS A BIG STEP THE
RIGHT DIRECTION. RIGHT DIRECTION.
>>SO HOW WORRIED ARE YOU>>SO HOW WORRIED ARE YOU
ABOUT THE THREAT OF ABOUT THE THREAT OF
CORONAVIRUS, WE NE SHUTTING CORONAVIRUS, WE NE SHUTTING
THINGS DOWN IN CHINA YOU’VE THINGS DOWN IN CHINA YOU’VE
GOT NO FLIGHTS IN AND OUT GOT NO FLIGHTS IN AND OUT
YOU’VE GOT A NUMBER OF YOU’VE GOT A NUMBER OF
AMERICAN COMPANIES, SHUTTING AMERICAN COMPANIES, SHUTTING
THEIR OPERATIONS, AND ALREADY THEIR OPERATIONS, AND ALREADY
HE HAVE A HEARD FROM HANDFUL A HE HAVE A HEARD FROM HANDFUL A
COMPANIES STAY LOOK I NEED COMPANIES STAY LOOK I NEED
CERTAIN COMPONENTS GOING TO BE CERTAIN COMPONENTS GOING TO BE
HELD UP LIKE QUALCOMM TALKING HELD UP LIKE QUALCOMM TALKING
TO HOSPITAL EXECUTIVE OTHER TO HOSPITAL EXECUTIVE OTHER
DAY SAID THEY ARE NOT GETTING DAY SAID THEY ARE NOT GETTING
THE MEDICAL THE MEDICAL THE MEDICAL THE MEDICAL
DEVICES COMPONENTS THEY NEED DEVICES COMPONENTS THEY NEED
COMING FROM CHINA, IS THIS COMING FROM CHINA, IS THIS
GOING TO IMPACT THE U.S. GOING TO IMPACT THE U.S.
ECONOMY DOWN THE ROAD? ECONOMY DOWN THE ROAD?
>>SAMARRA I THINK WE ARE>>SAMARRA I THINK WE ARE
TAKING A VERY CAREFUL APPROACH TAKING A VERY CAREFUL APPROACH
TO THE VIRUS, FIRST LET ME TO THE VIRUS, FIRST LET ME
JUST SAY WE APPRECIATE THE WAY JUST SAY WE APPRECIATE THE WAY
THAT CHINA IS WORKING WITH US, THAT CHINA IS WORKING WITH US,
AND OTHER COUNTRIES. AND OTHER COUNTRIES.
AND I APPRECIATE ALL THANK YOU AND I APPRECIATE ALL THANK YOU
RESOURCES, THAT THE U.S. IS RESOURCES, THAT THE U.S. IS
DEDICATING TO THIS. DEDICATING TO THIS.
I THINK WE WILL HAVE MUCH I THINK WE WILL HAVE MUCH
BETTER IDEA IN ANOTHER ABING BETTER IDEA IN ANOTHER ABING
WEEK OR TWO AS WE MONITOR HOW WEEK OR TWO AS WE MONITOR HOW
THE VIRUS SPREADS, SHOW I THE VIRUS SPREADS, SHOW I
THINK ON ONE HAND WE WANT TO THINK ON ONE HAND WE WANT TO
BE VERY CAREFUL, AND BE VERY CAREFUL, AND
CONSIDERATE IT IS TOO EARLY TO CONSIDERATE IT IS TOO EARLY TO
TELL, I THINK, LOOKING AT IN TELL, I THINK, LOOKING AT IN
THIS MODELING THE ECONOMIC THIS MODELING THE ECONOMIC
COMOOK, WE HAVE TO SOME PRETTY COMOOK, WE HAVE TO SOME PRETTY
WIDE RANGES, BUT I THINK AFTER WIDE RANGES, BUT I THINK AFTER
ANOTHER TWO WEEKS WE WILL HAVE ANOTHER TWO WEEKS WE WILL HAVE
A MUCH BETTER WAY TO MODEL HOW A MUCH BETTER WAY TO MODEL HOW
THIS VIRUS SPREADS. THIS VIRUS SPREADS.
>>BECAUSE SOME POINT IF CHINA>>BECAUSE SOME POINT IF CHINA
IS — IS THE FIRST QUARTER IS IS — IS THE FIRST QUARTER IS
BASICALLY TAKEN OUT OF CHINA, BASICALLY TAKEN OUT OF CHINA,
THAT DOES IMPACT THE REST OF THAT DOES IMPACT THE REST OF
THE WORLD CORRECT? THE WORLD CORRECT?
A MUCH BIGGER PORTION GLOBAL A MUCH BIGGER PORTION GLOBAL
ECONOMY DAY THAN JUST FIVE ECONOMY DAY THAN JUST FIVE
YEARS AGO. YEARS AGO.
>>I WOULD SAY IT COULD IMPACT>>I WOULD SAY IT COULD IMPACT
THE REST OF THE WORLD, SO AT THE REST OF THE WORLD, SO AT
THIS POINT WE HAVEN’T SEEN BIG THIS POINT WE HAVEN’T SEEN BIG
ISSUES, IN REGARDS TO SUPPLY ISSUES, IN REGARDS TO SUPPLY
CHAINS WE ARE MONITORING CHAINS WE ARE MONITORING
CAREFULLY AS I SAID AS WE HAVE CAREFULLY AS I SAID AS WE HAVE
BETTER IDEA HOW VIRUS SPREADS, BETTER IDEA HOW VIRUS SPREADS,
BASED ON THE CURRENT BASED ON THE CURRENT
STATISTICS, SOMETHING WE ARE STATISTICS, SOMETHING WE ARE
MONITORING VERY CAREFULLY. MONITORING VERY CAREFULLY.
>>WE HAD STRONG JOB NUMBERS>>WE HAD STRONG JOB NUMBERS
AGAIN YESTERDAY FROM FROM ADT AGAIN YESTERDAY FROM FROM ADT
REPORT LABOR DEPARTMENT REPORT LABOR DEPARTMENT
TOMORROW WHAT IS YOUR SENSE OF TOMORROW WHAT IS YOUR SENSE OF
THE JOB SITUATION TODAY THE JOB SITUATION TODAY
WHETHER OR NOT WE ARE GOING TO WHETHER OR NOT WE ARE GOING TO
BE ABLE TO KEEP UP, THIS VERY BE ABLE TO KEEP UP, THIS VERY
STRONG HIRING THAT WE ARE STRONG HIRING THAT WE ARE
SEEING, WHERE WAGES ARE SEEING, WHERE WAGES ARE
ACTUALLY HIGHER, EVEN HIGHEST ACTUALLY HIGHER, EVEN HIGHEST
ON BOTTOM END OF THE INCOME ON BOTTOM END OF THE INCOME
SCALE? SCALE?
>>MARIA, THERE IS NO>>MARIA, THERE IS NO
QUESTION, THAT THE PRESIDENT’S QUESTION, THAT THE PRESIDENT’S
ECONOMIC PLAN IS CLEARLY ECONOMIC PLAN IS CLEARLY
WORKING IN THE U.S. WORKING IN THE U.S.
IT IS A RESULT OF TAX CUTS IT IS A RESULT OF TAX CUTS
REGULATORY RELIEF TRADE DEAL REGULATORY RELIEF TRADE DEAL
SEEING A STRONG U.S. ECONOMY. SEEING A STRONG U.S. ECONOMY.
AND WE’RE SEEING THE NUMBERS AND WE’RE SEEING THE NUMBERS
THAT WE REALLY WANT WHICH IS THAT WE REALLY WANT WHICH IS
VERY STRONG JOB GROWTH, AND VERY STRONG JOB GROWTH, AND
ALSO WAGE GROWTH. ALSO WAGE GROWTH.
AND I WOULD JUST COMMENT GDP AND I WOULD JUST COMMENT GDP
IS SLIGHTLY UNDER OUR IS SLIGHTLY UNDER OUR
PROJECTIONS, AS A RESULT OF PROJECTIONS, AS A RESULT OF
PARTICULARLY ONE TIME THINGS PARTICULARLY ONE TIME THINGS
BOEING HAD A BIG IMPACT ON BOEING HAD A BIG IMPACT ON
THIS, THE GM STRIKE OTHERS. THIS, THE GM STRIKE OTHERS.
BUT THE PRESIDENT HAS BEEN BUT THE PRESIDENT HAS BEEN
VERY FOCUSED ON DELIVERING FOR VERY FOCUSED ON DELIVERING FOR
WORKING PEOPLE WE SEE IT IN WORKING PEOPLE WE SEE IT IN
NUMBERS. NUMBERS.
>>SO IS IT FAIR TO SAY, THAT>>SO IS IT FAIR TO SAY, THAT
THAT YOU EXPECT THAT TO THAT YOU EXPECT THAT TO
CONTINUE THROUGHOUT 2020? CONTINUE THROUGHOUT 2020?
>>SO A ABSOLUTELY, 2020, AND>>SO A ABSOLUTELY, 2020, AND
DEFINITELY INTO 2021 AS WELL. DEFINITELY INTO 2021 AS WELL.
AS THE PRESIDENT CONTINUES HIS AS THE PRESIDENT CONTINUES HIS
ECONOMIC AGENDA. ECONOMIC AGENDA.
MARIA: ARE YOU STILL LOOKING MARIA: ARE YOU STILL LOOKING
AT A 3% ECONOMIC GROWTH NUMBER AT A 3% ECONOMIC GROWTH NUMBER
FOR 2020? FOR 2020?
>>I THINK OUR PROJECTIONS>>I THINK OUR PROJECTIONS
HAVE BEEN REDUCED BECAUSE OF HAVE BEEN REDUCED BECAUSE OF
BOEING AND OTHER IMPACTS, SO BOEING AND OTHER IMPACTS, SO
IT WILL BE LOWER. IT WILL BE LOWER.
I THINK WE WOVE HIT 3%, BUT, I THINK WE WOVE HIT 3%, BUT,
AGAIN, BOEING HAS HAD A BIG AGAIN, BOEING HAS HAD A BIG
IMPACT ON OUR EXPORTS BEING IMPACT ON OUR EXPORTS BEING
LARGEST EXPORTER I THINK COULD LARGEST EXPORTER I THINK COULD
BE 50 BASE POINTS OR NOT MORE, BE 50 BASE POINTS OR NOT MORE,
THERE IS NO QUESTION, THAT THE THERE IS NO QUESTION, THAT THE
VIRUS WILL HAVE SOME IMPACT ON VIRUS WILL HAVE SOME IMPACT ON
GLOBAL GROWTH SOME IMPACT ON GLOBAL GROWTH SOME IMPACT ON
U.S. U.S.
BUT, AGAIN, WE ARE VERY BUT, AGAIN, WE ARE VERY
FOCUSED ON THE PRESIDENT IS FOCUSED ON THE PRESIDENT IS
DELIVERING JOBS IN DELIVERING DELIVERING JOBS IN DELIVERING
WAGE GROWTH. WAGE GROWTH.
MARIA: YEAH I WANT TO ASK MARIA: YEAH I WANT TO ASK
WHAT IS ON TAP IN TERMS OF WHAT IS ON TAP IN TERMS OF
POLICY THIS YEAR AND BEYOND POLICY THIS YEAR AND BEYOND
LET ME — LET ME TURN TO THIS LET ME — LET ME TURN TO THIS
IMPEACHMENT DEBACLE NOW IMPEACHMENT DEBACLE NOW
BINDING PRESIDENT PRESIDENT BINDING PRESIDENT PRESIDENT
TRUMP ACQUITTED ON TWO TRUMP ACQUITTED ON TWO
ARTICLES IMPEACHMENT YESTERDAY ARTICLES IMPEACHMENT YESTERDAY
WHAT IS NEXT ON TRUMP AGENDA WHAT IS NEXT ON TRUMP AGENDA
DO I THINK YOU CAN GET THINGS DO I THINK YOU CAN GET THINGS
DONE LEGISLATIVELY EVEN THOUGH DONE LEGISLATIVELY EVEN THOUGH
YOU KNOW HE THE OTHER SIDE IS YOU KNOW HE THE OTHER SIDE IS
NOT DONE YET PELOSI AND NOT DONE YET PELOSI AND
COMPANY SAYING THEY STILL WANT COMPANY SAYING THEY STILL WANT
TO BRING, YOUR FORMER TO BRING, YOUR FORMER
COLLEAGUES DOWN FOR TESTIMONY. COLLEAGUES DOWN FOR TESTIMONY.
>>WELL WE ARE VERY PLEASED>>WELL WE ARE VERY PLEASED
THE SENATE WILL BE BACK AT THE SENATE WILL BE BACK AT
WORK DOING WHAT THEY SHOULD BE WORK DOING WHAT THEY SHOULD BE
DOING WORKING FOR THE AMERICAN DOING WORKING FOR THE AMERICAN
PEOPLE. PEOPLE.
WANT I WOULD SAY WE CONTINUE WANT I WOULD SAY WE CONTINUE
TO TRY TO PASS THROUGH TO TRY TO PASS THROUGH
LEGISLATION, THE GOOD NEWS YOU LEGISLATION, THE GOOD NEWS YOU
KNOW WE’VE GOT USMCA DONE. KNOW WE’VE GOT USMCA DONE.
WE ARE WORKING, ON WE ARE WORKING, ON
INFRASTRUCTURE, THAT IS INFRASTRUCTURE, THAT IS
SOMETHING THAT HAS BEEN ON THE SOMETHING THAT HAS BEEN ON THE
PRESIDENT’S AGENDA. PRESIDENT’S AGENDA.
FROM DAY ONE. FROM DAY ONE.
WE ARE LOOKING AT HOUSING WE ARE LOOKING AT HOUSING
REFORM, AND ON A SMALLER ISSUE REFORM, AND ON A SMALLER ISSUE
VERY IMPORTANT TO THE TREASURY VERY IMPORTANT TO THE TREASURY
WE ARE WORKING ON LEGISLATION WE ARE WORKING ON LEGISLATION
TO MOVE THE SECRET SERVICE TO MOVE THE SECRET SERVICE
BACK TO THE TREASURER BACK TO THE TREASURER
DEPARTMENT WHEN WE THINK WILL DEPARTMENT WHEN WE THINK WILL
VERY MUCH HELP IN COMBATING VERY MUCH HELP IN COMBATING
MONEY LAUNDERERING, AND MONEY LAUNDERERING, AND
TERRORIST ACTIVITIES. TERRORIST ACTIVITIES.
>>THAT IS INTERESTING WHAT>>THAT IS INTERESTING WHAT
DOES THAT ENTAIL MOVING SECRET DOES THAT ENTAIL MOVING SECRET
SERVICE BACK TO TREASURY? SERVICE BACK TO TREASURY?
>>WELL GOOD NEWS WE HAVE>>WELL GOOD NEWS WE HAVE
BIPARTISAN SUPPORT IN THE BIPARTISAN SUPPORT IN THE
SENATE, THEY WILL INTRODUCING SENATE, THEY WILL INTRODUCING
THIS SECRET SERVICE STARTED AT THIS SECRET SERVICE STARTED AT
TREASURE DEPARTMENT TO COUNTER TREASURE DEPARTMENT TO COUNTER
FITTING BIG SUPPORT FROM THIS FITTING BIG SUPPORT FROM THIS
PRESIDENT ARE PREVIOUS AS WELL PRESIDENT ARE PREVIOUS AS WELL
AS DIRECTORS OF SECRET SERVICE AS DIRECTORS OF SECRET SERVICE
TO MOVE IT BACK BECAUSE OF TO MOVE IT BACK BECAUSE OF
TREMENDOUS SYNERGIES WITH TREMENDOUS SYNERGIES WITH
TREASURE DEPARTMENT. TREASURE DEPARTMENT.
>>MOMENTS ABOUT AGO YOU SAID>>MOMENTS ABOUT AGO YOU SAID
YOU HAVE CONFIDENCE CAN WORK YOU HAVE CONFIDENCE CAN WORK
ON INFRASTRUCTURE YOU HAVE HAD ON INFRASTRUCTURE YOU HAVE HAD
TALKS WITH HOUSE WAYS AND TALKS WITH HOUSE WAYS AND
MEANS CHAIRMAN RICHARD NEIL MEANS CHAIRMAN RICHARD NEIL
YOU THINK YOU CAN GET YOU THINK YOU CAN GET
INFRASTRUCTURE PLAN TOGETHER INFRASTRUCTURE PLAN TOGETHER
AND PERHAPS TALKED ABOUT, AND AND PERHAPS TALKED ABOUT, AND
LEGISLATIVE AGENDA ON THAT LEGISLATIVE AGENDA ON THAT
THIS YEAR? THIS YEAR?
>>WELL THE PRESIDENT WANTS TO>>WELL THE PRESIDENT WANTS TO
DO INFRASTRUCTURE, WHETHER WE DO INFRASTRUCTURE, WHETHER WE
CAN GET IT DONE THIS YEAR, OR CAN GET IT DONE THIS YEAR, OR
WHETHER IT IS GOING TO HAVE TO WHETHER IT IS GOING TO HAVE TO
WAIT UNTIL AFTER THE ELECTION, WAIT UNTIL AFTER THE ELECTION,
I AM NOT GOING TO SPECULATE I AM NOT GOING TO SPECULATE
ON. ON.
MARIA AS I KNOW THE PRESIDENT MARIA AS I KNOW THE PRESIDENT
HAS BEEN TRYING TO DO THIS HAS BEEN TRYING TO DO THIS
LAST FEW YEARS THE DEMOCRATS LAST FEW YEARS THE DEMOCRATS
HAVE NOT MOVED FORWARD WITH IT HAVE NOT MOVED FORWARD WITH IT
WE WILL SEE IF WE DON’T GET IT WE WILL SEE IF WE DON’T GET IT
DONE THIS YEAR IT WILL BE TOP DONE THIS YEAR IT WILL BE TOP
OF THE LIST RIGHT AFTER OF THE LIST RIGHT AFTER
ELECTION. ELECTION.
>>PRESIDENT WHEN I SPOKE>>PRESIDENT WHEN I SPOKE
WOULD HAVE I AM IN DAVOS SAYS WOULD HAVE I AM IN DAVOS SAYS
HE IS CONSIDERING ANOTHER TAX HE IS CONSIDERING ANOTHER TAX
CUT PLAN BRINGING WORRIES CUT PLAN BRINGING WORRIES
ABOUT DEBT AND DEFICITS I GOT ABOUT DEBT AND DEFICITS I GOT
TO ASK ABOUT THIS YOU’VE GOT A TO ASK ABOUT THIS YOU’VE GOT A
TRILLION-DOLLAR INFRASTRUCTURE TRILLION-DOLLAR INFRASTRUCTURE
PLAN, THAT YOU ARE TALKING PLAN, THAT YOU ARE TALKING
ABOUT, SOME PEOPLE SAY EVEN ABOUT, SOME PEOPLE SAY EVEN
MUCH MORE THAN INFRASTRUCTURE. MUCH MORE THAN INFRASTRUCTURE.
AS YOU SPEAK WITH — WITH AS YOU SPEAK WITH — WITH
HOUSE WAYS AND MEANS CHAIRMAN HOUSE WAYS AND MEANS CHAIRMAN
AND THEN TAX CUT PLAN THE AND THEN TAX CUT PLAN THE
PRESIDENT TOLD ME, HE WOULD PRESIDENT TOLD ME, HE WOULD
LIKE TO NOT ONLY MAKE THESE LIKE TO NOT ONLY MAKE THESE
CUTS PERMANENT BUT CUT TAXES CUTS PERMANENT BUT CUT TAXES
FURTHER FOR MIDDLE CLASS WHEN FURTHER FOR MIDDLE CLASS WHEN
DOES DEBT DEVASTATE BECOME DOES DEBT DEVASTATE BECOME
ISSUE FOR YOU? ISSUE FOR YOU?
I UNDERSTAND THAT RATES ARE AT I UNDERSTAND THAT RATES ARE AT
ROCK BOTTOM LINE LOWS YOU KNOW ROCK BOTTOM LINE LOWS YOU KNOW
22 TRILLION DOLLARS IN DEBT A 22 TRILLION DOLLARS IN DEBT A
TRILLION DOLLAR DEFICIT EVERY TRILLION DOLLAR DEFICIT EVERY
YEAR HAS PEOPLE WORRYING ABOUT YEAR HAS PEOPLE WORRYING ABOUT
BREAKING THE BANK, SIR. BREAKING THE BANK, SIR.
>>A MARIA THOSE ARE VERY>>A MARIA THOSE ARE VERY
REASONABLE QUESTIONS, AND WHAT REASONABLE QUESTIONS, AND WHAT
I WOULD SAY THE DEFICIT RIGHT I WOULD SAY THE DEFICIT RIGHT
NOW HAVE A PERCENTAGE OF GDP NOW HAVE A PERCENTAGE OF GDP
IS MANAGEABLE BUT WE NEED TO IS MANAGEABLE BUT WE NEED TO
WORK DOWN THE DEFICIT OVER WORK DOWN THE DEFICIT OVER
TIME. TIME.
UNDER THE PRESIDENT’S BUDGET UNDER THE PRESIDENT’S BUDGET
PROPOSAL WE REDUCED THAT PROPOSAL WE REDUCED THAT
SIGNIFICANTLY OVER THE NEXT 10 SIGNIFICANTLY OVER THE NEXT 10
YEARS. YEARS.
AND WHAT WE REALLY NEED TO DO AND WHAT WE REALLY NEED TO DO
MARIA IS PRETTY OF SIMPLY. MARIA IS PRETTY OF SIMPLY.
WE JUST NEED TO GROW ECONOMY I WE JUST NEED TO GROW ECONOMY I
HE FASTER THAN WE GROW HE FASTER THAN WE GROW
GOVERNMENT SPENDING AND THAT GOVERNMENT SPENDING AND THAT
WILL REDUCE DEFICIT. WILL REDUCE DEFICIT.
AS YOU KNOW THE PRESIDENT WHEN AS YOU KNOW THE PRESIDENT WHEN
HE TOOK OFF WANT TO INCREASE HE TOOK OFF WANT TO INCREASE
MILITARY SPENDING INITIALLY HE MILITARY SPENDING INITIALLY HE
PROPOSAL OFFSET WITH NON PROPOSAL OFFSET WITH NON
MILITARY CUTS WE DON’T GET MILITARY CUTS WE DON’T GET
DEMOCRATS TO AGREE TO THAT. DEMOCRATS TO AGREE TO THAT.
SO HES A OBEYING PART OF THE SO HES A OBEYING PART OF THE
DEFICIT RIGHT NOW IS NOT THE DEFICIT RIGHT NOW IS NOT THE
TAX CUTS, THE BIG PARTED OF IT TAX CUTS, THE BIG PARTED OF IT
IS INCREASED GOVERNMENT IS INCREASED GOVERNMENT
SPENDING. SPENDING.
ASIF SALZ SAID TAX CUTS I ASIF SALZ SAID TAX CUTS I
THINK WILL PAY FOR THEMSELVES THINK WILL PAY FOR THEMSELVES
THAT WAS ALWAYS BACK ENDED IN THAT WAS ALWAYS BACK ENDED IN
FRONTED PART GROWING THE FRONTED PART GROWING THE
ECONOMY. ECONOMY.
>>LET ME GO BACK TO TRADE FOR>>LET ME GO BACK TO TRADE FOR
THE A MOMENT BECAUSE ALSO IN THE A MOMENT BECAUSE ALSO IN
DOOVRS DOOVRS
DAVOS PRESIDENT TOLD ME DAVOS PRESIDENT TOLD ME
EXPECTING EUROPE TO BUY MORE EXPECTING EUROPE TO BUY MORE
GRILL PRODUCTS FROM UNITED GRILL PRODUCTS FROM UNITED
STATES IN ORDER TO GET A TRADE STATES IN ORDER TO GET A TRADE
DEAL DONE HOW DEEP IN DEAL DONE HOW DEEP IN
CONVERSATIONS WITH EU RIGHT CONVERSATIONS WITH EU RIGHT
NOW? NOW?
I WANT TO ASK ABOUT UUK FIRST I WANT TO ASK ABOUT UUK FIRST
EU ARE THEY GOING TO APPLY EU ARE THEY GOING TO APPLY
WHAT PRESIDENT WOULD LIKE THEM WHAT PRESIDENT WOULD LIKE THEM
TO BUY IN TERMS OF TO BUY IN TERMS OF
AGRICULTURAL PRODUCTS OR ARE AGRICULTURAL PRODUCTS OR ARE
YOU GOING TO PUT TARIFFS ON YOU GOING TO PUT TARIFFS ON
MORE EUROPEAN PRODUCTS COMING MORE EUROPEAN PRODUCTS COMING
INTO THE COUNTRY? INTO THE COUNTRY?
>>WELL THE PRESIDENT IS VERY>>WELL THE PRESIDENT IS VERY
FOCUSED ON GETTING AGREEMENT FOCUSED ON GETTING AGREEMENT
WITH EU AMBASSADOR LIGHTHIZER WITH EU AMBASSADOR LIGHTHIZER
AND OTHERS ARE NOW WORKING ON AND OTHERS ARE NOW WORKING ON
THAT. THAT.
IT IS A PRIORITY FOR US. IT IS A PRIORITY FOR US.
AGRICULTURE IS ONE OF THE AGRICULTURE IS ONE OF THE
ISSUES LET ME HIGHLIGHTED ISSUES LET ME HIGHLIGHTED
THERE ARE MANY OTHER IMPORTANT THERE ARE MANY OTHER IMPORTANT
ISSUES, I THINK AS YOU KNOW AS ISSUES, I THINK AS YOU KNOW AS
A RESULT OF THE PRESIDENT’S A RESULT OF THE PRESIDENT’S
ECONOMIC AND TRADE POLICIES, ECONOMIC AND TRADE POLICIES,
WE HAVE ALREADY SEEN A WE HAVE ALREADY SEEN A
TREMENDOUS AMOUNT OF TREMENDOUS AMOUNT OF
INVESTMENT BY THE EUROPEAN INVESTMENT BY THE EUROPEAN
AUTOMAKERS, INTO U.S., AUTOMAKERS, INTO U.S.,
BUILDING FACTORIES HERE ALSO BUILDING FACTORIES HERE ALSO
PART OF THE AGENDA THAT IS PART OF THE AGENDA THAT IS
WORKING. WORKING.
>>IS YOU EUROPE NEXT IN TERMS>>IS YOU EUROPE NEXT IN TERMS
OF ANOTHER TRADE DEAL OR IS IT OF ANOTHER TRADE DEAL OR IS IT
THE UQ? THE UQ?
HAVE BRITISH ABOUT TRADE HAVE BRITISH ABOUT TRADE
OFFICIALS LOOKING FOR OFFICIALS LOOKING FOR
REDUCTIONS IN TARIFFS AS WELL, REDUCTIONS IN TARIFFS AS WELL,
FROM A TRADE DEAL WITH UNITED FROM A TRADE DEAL WITH UNITED
STATES, PART OF THE PLAN STATES, PART OF THE PLAN
NEGOTIATING DEALS WITH SEVERAL NEGOTIATING DEALS WITH SEVERAL
COUNTRIES AFTER EXIT FROM COUNTRIES AFTER EXIT FROM
EUROPEAN UNION, WHAT IS NEXT EUROPEAN UNION, WHAT IS NEXT
IS IT UK? IS IT UK?
IS IT EU? IS IT EU?
OR SOMETHING ELSE LIKE INDIA. OR SOMETHING ELSE LIKE INDIA.
>>WELL I THINK YOU KNOW THE>>WELL I THINK YOU KNOW THE
PRESIDENT IS KEEPING ALL OF US PRESIDENT IS KEEPING ALL OF US
VERY BUSY PARTICULARLY VERY BUSY PARTICULARLY
AMBASSADOR LIGHTHIZER WHO IS AMBASSADOR LIGHTHIZER WHO IS
LEADING THIS. LEADING THIS.
AND SIMULTANEOUSLY HE IS AND SIMULTANEOUSLY HE IS
WORKING ON WITH US, DEALS WITH WORKING ON WITH US, DEALS WITH
UK, EUROPE, AND INDIA. UK, EUROPE, AND INDIA.
I AM NOT GOING TO SPECULATE I AM NOT GOING TO SPECULATE
WHEN I IS GOING TO COME FIRST WHEN I IS GOING TO COME FIRST
WE ARE GOING TO ALL OF THEM WE ARE GOING TO ALL OF THEM
SIMULTANEOUSLY AND THE SIMULTANEOUSLY AND THE
PRESIDENT WANTS US TO GET ALL PRESIDENT WANTS US TO GET ALL
OF THEM DONE. OF THEM DONE.
MARIA: SECRETARY ON CHINA, MARIA: SECRETARY ON CHINA,
CHINESE JUST LOWERED TARIFFS, CHINESE JUST LOWERED TARIFFS,
WOULD YOU BE WILLING TO CUT WOULD YOU BE WILLING TO CUT
TARIFFS ON CHINESE GOODS? TARIFFS ON CHINESE GOODS?
>>THE PRESIDENT IS WILLING TO>>THE PRESIDENT IS WILLING TO
CUT TARIFFS ABOUT IT THAT IS CUT TARIFFS ABOUT IT THAT IS
PART OF PHASE TWO AGREEMENTS. PART OF PHASE TWO AGREEMENTS.
NOT PART OF PHASE ONE ONE OF NOT PART OF PHASE ONE ONE OF
THE REASONS WE LEFT ON A THE REASONS WE LEFT ON A
SERIES OF TARIFFS TO SERIES OF TARIFFS TO
INCENTIVIZE THEM FOR PHASE INCENTIVIZE THEM FOR PHASE
TWO, AND THE PRESIDENT HAS TWO, AND THE PRESIDENT HAS
SAID IF WE GET EVERYTHING WE SAID IF WE GET EVERYTHING WE
WANT, IN PHASE TWO WE WILL CUT WANT, IN PHASE TWO WE WILL CUT
ALL THOSE TARIFFS, AGAIN WE ALL THOSE TARIFFS, AGAIN WE
MAY DO THIS AS 2A, 2B, 2C CROP MAY DO THIS AS 2A, 2B, 2C CROP
TARIFFS ALONG THE WAY FOCUS TARIFFS ALONG THE WAY FOCUS
RIGHT NOW IMPLEMENTING FEES RIGHT NOW IMPLEMENTING FEES
ONE A HISTORIC AGREEMENT THAT ONE A HISTORIC AGREEMENT THAT
PRESIDENT LED. PRESIDENT LED.
MARIA: WHAT WOULD YOU EXPECT MARIA: WHAT WOULD YOU EXPECT
PHASE TWO TALKS? PHASE TWO TALKS?
PRESIDENT HAS BEEN VERY CLEAR, PRESIDENT HAS BEEN VERY CLEAR,
IN THAT WE WILL PROCEED WITH IN THAT WE WILL PROCEED WITH
PHASE TWO, BUT HE WANTS TO GET PHASE TWO, BUT HE WANTS TO GET
THE RIGHT DEAL. THE RIGHT DEAL.
IF THAT HAPPENS RIGHT AWAY IF THAT HAPPENS RIGHT AWAY
THAT IS TERRIFIC IF IT HAPPENS THAT IS TERRIFIC IF IT HAPPENS
AFTER THE ELECTION, THAT IS AFTER THE ELECTION, THAT IS
FINE AS WELL. FINE AS WELL.
>>OF COURSE, NOW YOU’VE GOT A>>OF COURSE, NOW YOU’VE GOT A
WHOLE ’NOTHER ELEMENT WHOLE ’NOTHER ELEMENT
CORONAVIRUS YOU’VE GOTTEN THE CORONAVIRUS YOU’VE GOTTEN THE
CHINESE TO AGREE HE TO APPLY CHINESE TO AGREE HE TO APPLY
200 BILLION DOLLARS IN 200 BILLION DOLLARS IN
PRODUCTS WHETHER AGRICULTURE PRODUCTS WHETHER AGRICULTURE
PRODUCTS OIL AND GAS, ET PRODUCTS OIL AND GAS, ET
CETERA, IN NEXT TWO YEARS AGO. CETERA, IN NEXT TWO YEARS AGO.
DO YOU WORRY THEY ARE NOT DO YOU WORRY THEY ARE NOT
GOING TO BE ABLE TO CARRY THAT GOING TO BE ABLE TO CARRY THAT
FORWARD KEEP THEIR END OF THE FORWARD KEEP THEIR END OF THE
BARRING BECAUSE OF BARRING BECAUSE OF
CORONAVIRUS. CORONAVIRUS.
>>BASED ON OUR CURRENT>>BASED ON OUR CURRENT
PROJECTIONS TO THE VIRUS WE PROJECTIONS TO THE VIRUS WE
ARE NOT WORRIED ABOUT THAT, ARE NOT WORRIED ABOUT THAT,
BUT LET ME AGAIN SAY WE ARE BUT LET ME AGAIN SAY WE ARE
MONITORING THE VIRUS CAREFULLY MONITORING THE VIRUS CAREFULLY
WE WILL HAVE A MUCH BETTER WE WILL HAVE A MUCH BETTER
IDEA OVER THE NEXT TWO WEEKS IDEA OVER THE NEXT TWO WEEKS
WITH I THINK GOING TO GET MORE WITH I THINK GOING TO GET MORE
COMFORTABLE BUT BASED ON COMFORTABLE BUT BASED ON
CURRENT INFORMATION I DON’T CURRENT INFORMATION I DON’T
EXPECT THERE WILL BE ANY EXPECT THERE WILL BE ANY
ISSUES IN THEM FULFILL

Tagged : # # # # # # # # # # # # # # # # # # # # # # #

Leave a Reply

Your email address will not be published. Required fields are marked *