in the vicinity
Trump touts the economic success of speech in Bedminster, New Jersey
The President speaks to the managing Director at a dinner on his New Jersey golf club.
President Trump compared the growing U.S. economy, a “fine tuned machine” and again took aim at China over its unfair trade practices Tuesday evening at a dinner with prominent leaders in his golf club in Bedminster, New Jersey.
Trump paid tribute to the 4.1 percent economic growth in the last quarter that it to a stronger setting and tax reform, which under his management.
“More Americans are now employed than at any time in the history of our country … production and employment growing at the fastest rate in more than 30 years, and it will be even faster,” he said to Boeing CEO Dennis Muilenburg and FedEx CEO Fred Smith, managing Director present.
President Trump speaks at a dinner meeting with executives on Tuesday, 7. August.
Trump said, to cut in addition to legislation, he also signed “the largest tax cuts and reforms in the history of our country.”
The President also spoke of the rising tensions between the US and China about its trading practices.
“We are a bit of a fight with China now,” he said. “You have not treated us fairly for many decades, to blame the President. I take responsibility for my time, and I couldn’t let that happen.”
TRUMP ASKS TO EXAMINE TRADE REP, INCREASE IN TARIFFS ON CHINESE IMPORTS, FROM 10% TO 25
Just last week, Trump US directed trade officials to consider the increase of tariffs on Chinese goods by 10 per cent to 25 per cent for the continuation of practices engage in unfair trade, especially in tech, and failure to resolve concerns.
The Trump administration announced Tuesday it would go, with the imposing 25 percent tariffs on an additional US $ 16 billion in Chinese imports, from August 23.
The administration previously imposed 25 percent tariffs on $ 34 billion worth of Chinese goods on the 6. To steal July over similar concerns that Beijing was, or pressure on the companies to hand over the technology. China reacted by hitting with its own sanctions on U.S. goods.
Trump went on to praise the economy as a “finely tuned machine” to say, economic growth is expected to top 5 percent soon.
Continental Resources CEO Harold Hamm, newly fitted Fiat-Chrysler CEO Michael Manley, Johnson & Johnson CEO Alex Gorsky and Mastercard CEO Ajaypal Banga were among the other leaders present.
Paulina Dedaj is a writer/ reporter for Fox News. You can follow her on Twitter @PaulinaDedaj.