Home / World / Trump intended to report the US economy in talks to the Economic Club in New York

Trump intended to report the US economy in talks to the Economic Club in New York



President Donald Trump attends a multilateral meeting with leaders in the Western Hemisphere on Venezuela during the United Nations 74th General Assembly (UNGA) at the U.N. Headquarters in New York, September 25, 2019.

Jonathan Ernst | Reuters

President Donald Trump on Tuesday is scheduled to give a glowing assessment of the state of the US economy in a comprehensive speech at the Economic Club in New York, a White House official told CNBC.

Trump's speech at the prestigious Manhattan Club is expected to credit his policy, such as lowering taxes and lowering regulations, for the generally sound financial figures felt during his presidency, the official said. Trump is likely to highlight low unemployment and high consumer confidence as well as wage growth.

Larry Kudlow, the director of Trump's National Economic Council, made a significant contribution to the speech, another official said.

The president is also expected to influence his trade policy, the official said, amid continued negotiations on "phase one" trade with China. Other sources told CNBC that Trump is not expected to announce a date for a signing agreement with China.

Trump will give the speech one day before the self-imposed deadline to tariff on imports of cars and car parts from the European Union and Japan.

Several outlets have reported that Trump is expected to push back that deadline by another six months ̵

1; move the deadline into mid-2020 and make the additional tariff decision a potential follow-up to his reelection campaign

Following his speech at noon ET, Trump is scheduled to give a fresh speech at a fundraising committee reception before returning to Washington.

CNBC's Kayla Tausche contributed to this report. [19659013]
Source link