Simone: Do you think the US economy peaked too early for the president to take advantage of the…
Steve: you know, with a good economy, it doesn’t have to be great, but it has to be good. Then I think Donald Trump will win
Narration: President Trump tweeted that he could order U.S. companies to leave China. Will he really do it?
Simone: do you think, the president is exerting maximum pressure on China in order to force a deal out with China before 2020 or is he signaling a definite decoupling of the two economies? [inaudible]
Steve Moore: That’s a good question. I think it’s the former.
Narration: For the United States and China to reach a trade deal before 2020, would the U.S. have to compromise on fundamental issues?
Simone:So are you saying he will likely make concessions even on those structural changes?
Steve Moore: I don’t know what’s in his mind right now, but you know, I can just tell you what a lot of people are advising him who are close to him, you know, including some advice I gave him was “Mr President get the best deal you can from China now.” Narration: 14 months before the 2020 election, my interview with economist Steve Moore. The U.S. economy is showing signs of slowing down. Is a trade deal with China important in President Trump’s bid for a second term? Will the American people side with the president and bear the negative effects of the trade war for long term benefits to the country? And will the President make concessions on critical structural changes that the U.S. has demanded from China?
Host: I am Simone Gao and you are watching Zooming In.
Simone: Thank you Mr Moore for being with us today.
Steve Moore: Thank you so much. A pleasure.
Simone: Thank you. So last time when we spoke, it was when president Trump just imposed tariffs on $300 billion of Chinese goods. And at that time you said the Fed should lower the interest rate immediately. Otherwise the US economy and the world economy would risk going into a recession. But the fed didn’t lower the interest rates. So how is the US economy, and the world economy doing right now?