Despite reality, Trump credits Ivanka with creating 14 million jobs

13 Novembre, 2019, 13:42 | Auteur: Anatole Charbonneau
  • Shipping containers are stacked at the Port of Los Angeles on November 7

President Donald Trump made a rather stunning claim during a speech at the Economic Club of NY crediting his daughter Ivanka Trump for creating 14 million jobs.

While some suggested the 14 million jobs could be the reality beyond the United States, given "patents for her companies in China, Saudi Arabia, and Turkey". "Could happen soon. But we will only accept a deal if it's good for the United States and our workers and our great companies".

The two countries are now working to finalize the text of a phase one trade agreement, which is set to cover intellectual property (IP) protections and Chinese purchases of USA farm goods. "Whatever's good for the United States", he said to laughter.

The New Zealand dollar was down 0.5 per cent at 0.6334 versus the U.S. dollar, barely recovered from the low of US$0.6323 it reached last week after a central bank survey showed the country's near-term inflation expectations dropped, increasing traders' expectations of a rate cut this week.

The United States is scheduled to levy 15% tariffs on about $156 billion of Chinese products on December 15, including cellphones, laptop computers, toys and clothing - known as "List 4B". -China trade war have eased.

Trump also said that if the two sides fail to make a deal, he is going to raise tariffs.

The world's two biggest economies have wrangled for more than 15 months over USA allegations that China steals technology, forces businesses to hand over trade secrets and unfairly subsidizes its technology companies in an aggressive drive to supplant American technological dominance. But I will not say that.

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"I'm very proud of my daughter Ivanka", Trump said.

The cost of doing nothing to tackle Beijing's trade abuses "was killing us as a country", he said. "Or, if after the last three years, you're still more cautious and say 'let's wait this one out, '" Daco said. "We can't do that".

USA and Chinese negotiators wanted to finalize the deal in time for Trump and Chinese President Xi Jinping to sign it at the Asia Pacific Economic Cooperation summit in Chile in mid-November.

At the time, the two sides had the "hard points" negotiated, including on intellectual property and removing market barriers in China, Trump said. Donald Trump has already tasked Ivanka Trump for playing key roles in worldwide diplomacy, and he's considered her for powerful positions, including posts at the World Bank and the United Nations. "They'd like to see us". However, she said, investors saw them as "positioning statements", reducing their impact.

"I tell you what, I bet you they wished they didn't do it [backtracking]", Trump said, given the tariff increases that were imposed shortly after.

Also on November 12, White House economic adviser Larry Kudlow said in a CNBC interview that the United States and China have made progress on IP theft, financial services, currency stability, commodities, and agriculture.

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