Thursday , September 24 2020

President Trump's Address to the New York Commerce Club via Investing.com



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© Reuters

Investing.com – US President Donald Trump's long-awaited speech at the New York Economic Club has just begun. Trump is expected to discuss the terms of the ongoing trade negotiations with China.

Watch the live interview in the video below.

"The president can be expected to highlight how his lower tax, deregulation and fair and reciprocal trade policies have sustained the longest economic recovery in US history with record low unemployment, rising wages and increased consumer confidence." White House spokesman Dud Deere said. He declined to provide further details.

US stock markets have hit record highs in recent weeks amid expectations that the White House and the Chinese government will be close to a trade deal. Officials on both sides said last week they had a reverse tariff deal, but Trump has since denied that an agreement has been reached.

Positive trade talk between the United States and China should satisfy market participants even without the "phase 1" specifics of the negotiated deal, said Jim Polsen, president of Leuthold Group Investment.

"It seems like we are very close to closing something," Polsen said on Monday. "Even if it makes no sense, it will be relevant."

* With Reuters

IN IVO: Speech by President Trump on Trade at the New York Economic Club

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