Trump: If I can cut the U.S. trade deficit in half, we could pick up another 4 percentage points on GDP bringing us to 8% or 9% growth.
President Trump, who answered no questions from the press at an earlier speech on the economy at the White House, made a surprise appearance on Sean Hannity‘s radio show to tout the economy and declare that with the help of trade deficit cuts, the GDP may soon see 8 or 9 percent growth.
Trump started out by saying that the economy was “far ahead of what anybody thought” except of course himself, who has known all along.
Then, he said this about how much greater the American economy was bound to get as long as trade deficits are cut in half:
“We’re doing great. We could do a lot better, the fact is that if I can cut the trade deficit from $817 billion, think of that, we have a trade deficit with other countries — that’s trading with other countries, 817 billion — if I cut it in half, right there, we’ll pick up 3 to 4 points, so you could add that to the 4 of 5 and so we’d be at 8 or 9. Now, I don’t want to say that too much and I didn’t want to say too much during the campaign because I would have been criticized, people wouldn’t have believed it… But now they’re starting to believe.”