Kudlow calls China trade deal ‘historic’: Nothing like this has been done before

Kudlow calls China trade deal ‘historic’: Nothing like this has been done before


BUBBLING STRATEGY DOING IT TO HELP BIDEN. STUART: KELLY, I HAVE TO GO STRAIGHT TO LARRY KUDLOW TALKING ABOUT THE CHINA TRADE DEAL TO REPORTERS. LET’S GO THERE, PLEASE.>>4 CAN OUR FARMERS DO THIS? THEY CAN. WE’RE THE MOST PRODUCTIVE AGRICULTURE COMMUNITY IN THE WORLD BUT DON’T FORGET YOU HAVE $75 BILLION TARGETED FOR HIGHER U.S. MANUFACTURING EXPORTS. WE’VE HAD A SOFT MANUFACTURING FOR A VARIETY OF REASONS. MONETARY POLICY, TRADE ISSUES AND WORLD SLUMP. THAT IS BIG NUMBERS, 75 BILLION AND YOU’VE GOT IF I’M NOT MISTAKEN I HOPE I GET ALL THE NUMBERS RIGHT, $50 BILLION IN ENERGY WHICH IS HUGE. WE’RE THE BIGGEST ENERGY SOURCE IN THE WORLD TODAY. CHINA NEEDS IT. THEY NEED OUR NAT-GAS, LNG. WE EVEN SELL THEM COAL AND SO FORTH. FINALLY SERVICES WHICH GETS TO YOUR POINT. ALL MANNER ESSENTIALLY, ALL MANNER OF FINANCIAL SERVICES, BANKING, INVESTING INSURANCE AND SO FORTH. THERE IS EVEN A SECTION ABOUT WORKING OUT BAD LOANS WHICH THEY NEED HELP ON. THAT IS ANOTHER 40 BILLION IN SERVICES. SO IT REALLY IS ACROSS THE BOARD WIDESPREAD, WITH THESE BACKUP PROVISIONS TO ENFORCE IT. REPORTER: THERE WAS THE DEAL LAST YEAR, EARLY LAST YEAR THAT NEVER MADE IT TO THE FINISH LINE THAT WAS BIGGER PRESUMABLY THAN THIS ONE. THE PRESIDENT HAS –>>ACTUALLY, CAN I TELL YOU SOMETHING ON THAT? EXEMPT FOR A COMPLETE, A COMPLETION OF THE ISSUES RECORDING FORCED TECH TRANSFER, THOSE WERE LICENSES OWNERSHIP, YOU KNOW, STEALING INFORMATION, EXCEPT FOR THAT, WE GOT PRETTY MUCH WHAT WE WANTED BACK FROM LAST YEAR. IT IS INTERESTING. OVERALL, HARD TO WEIGHT THESE THINGS PROPORTIONALLY. I DON’T WANT TO GET INTO IT, BUT YOU KNOW, WE PROBABLY GOT HALF TOTAL IN PHASE ONE. THE OTHER HALF, NOT THAT WE DIDN’T GET IT, JUST INCOMPLETE. SO, I JUST, AND I WANT TO MAKE A POINT, MY FRIEND, AMBASSADOR LIGHTHIZER, WE’VE KNOWN EACH OTHER SINCE WE BOTH WORKED FOR REAGAN IN HIS FIRST TERM MANY YEARS AGO. I’M ON THE PHONE WITH BOB THIS WEEKEND. HE IS THANKING ME. YOU KNOW, THE HEAVY LIFTING HERE WAS GETTING PHASE ONE, MAKE NO MISTAKE ABOUT THAT. NOTHING LIKE THIS HAS EVER HAPPENED BEFORE IN HISTORY. YOU MAY BE CYNICAL AND THAT’S YOUR JOB I GET THAT, I APPRECIATE THAT, I’VE BEEN ON YOUR SIDE OF THE STREET IN MY CAREER, BUT I’M JUST SAYING, AT LEAST ON PAPER, WITH ENFORCEMENT, THIS IS A REALLY WIDESPREAD AND THE FACT THAT IT HAPPENED IS HISTORIC. REPORTER: GOT HALF OF WHAT YOU WANTED. WAS THIS THE ONLY DEAL, THE BEST DEAL, HOW WOULD YOU CHARACTERIZE IT?>>I THINK IT IS THE BEST DEAL. I THINK IT IS A TERRIFIC DEAL. AS I SAID IN ONE OF THE OTHER PROGRAMS, YOU KNOW THE STOCK MARKET HAS BEEN RALLYING, FOR A LOT OF REASONS. MONETARY EASING AND SO FORTH. BUT A LOT OF IT IS, THIS IS A PRO-GROWTH DEAL. THIS ALSO CAME UP AT OUR DINNER LAST NIGHT. THIS IS GOOD FOR AMERICA’S ECONOMY. IT IS GOOD FOR CHINA’S ECONOMY. IT IS GOOD FOR THE WORLD ECONOMY. AND, COOPERATION, U.S.-SINO COOPERATION AT LEAST ON TRADE AND ECONOMY IS CERTAINLY IMPROVING. WE’VE SHOWN IT CAN BE DONE. IS IT DEFINITIVE, IS IT FINAL? WE’LL SEE. BUT I’M JUST SAYING NOTHING LIKE THIS HAS EVER HAPPENED BEFORE. THAT’S WHY, IN ALL HONESTY I KNOW YOU WILL SAY IT IS MY JOB, I THINK HISTORICALLY, I DON’T CARE WHICH SIDE OF THE AISLE YOU’RE ON, THIS IS A HISTORIC DEAL. STUART: LET’S END IT RIGHT THERE. THAT WAS A REMARKABLE STATEMENT

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30 Comments

  1. POTUS is a STABLE GENIUS ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ’ž WWG1WGA ๐Ÿ‡บ๐Ÿ‡ธ TRUST THE PLAN ๐Ÿ‡บ๐Ÿ‡ธ HE'S REBUILDING THE USA๐Ÿ‘๐Ÿ‘ MANUFACTURING BACK ๐ŸŽ‰๐Ÿ‡บ๐Ÿ‡ธ๐Ÿป NEXT HE WILL EXPOSE THE FEDERAL RESERVE AND BRING BACK SOUNDS MONEY ๐Ÿ‘๐ŸŽ‰๐Ÿ‡บ๐Ÿ‡ธ END OF DEBT SLAVERY ๐Ÿ‘ ๐Ÿ’ฅ

  2. Now let's make sure that when Trump is gone that the Chinese don't go back to their old tricks and the Democrats give them the keys to the car.

  3. Is Trยตmp tired of winning already ๐Ÿ˜‚? Seeing Trยตmp begging for a deal shows how week this President is.

  4. Dems picked the wrong time to snub the "Best President" of all time ,shame on you …โ€ฆโ€ฆ.โ€น(โ€ขยฟโ€ข)โ€บ

  5. Lol what? Soo China agreed to buy less than before this trade war, and tarifs haven't gone up, what kind of a deal is it lol, fake news trying to maintain its fake economy

  6. Excellent news and l bet MSM Fake News don't cover this amazing historic achievement by the President of the United States. MSM mockingbird enemies of the truth in my opinion.

  7. There is no fair trade China just realized that Australia can no longer feed him cuz of the wildfire and now they have to find resources somewhere else this is just survival.

  8. This man Trump is reaaaaaaaly great. Never lets any injustice go unnoticed that America suffers. Trump wasted on the U.S. Choose him as the leader of all Africa. We need a brain like his. Love Trump and he is also very cute. xxx

  9. Historical yes good for this country no this is a band aid on a union greed problem that drove businesses out of the united states and unfortunately will still keep it that way the only thing that could be good is that China refuses to sign or backs out of the deal all together

  10. The Chinese will never honor the agreement, theyโ€™re just buying time. Does anyone actually believe that people who have been cheating for 30 years and getting rich and powerful out of it all of the sudden are gonna honor any agreement that cuts that growing power?. The Chinese already smell being the most powerful country in the world, you think theyโ€™re gonna stop now that theyโ€™re so close?. I hope that trump is secretly decoupling from China because thatโ€™s the only way to deal with them, and we must do it now before is too late.

  11. Regardless of your politics whether you're a democrat republican or a independent. The American people should be proud of what President Trump has done for this country. This will put people to work money in your pocket and this has never been done before that's why I will be voting for President Trump in 2020. ๐Ÿ‘๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‘๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‘

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