Trump: One Of The Reasons Other Countries Are Great “Is Because We Allow Them To Get Rich Off Of Us”
President Donald Trump held a roundtable on the economy at the White House on Wednesday.
PRESIDENT DONALD TRUMP: Toyota just announced $ 10 billion in plans. Built various couple of locations, few locations in the country just a little while ago. They’re all coming here. They’re coming here because of tariffs, because they don’t want to pay tariffs. But they’re coming here because of the election and the mindset. But when we announced good results, the market should go up. Now it’s when you announce good results, Michael, the market goes down because they say, oh, that means things are good. That means we’re going to kill it by raising interest rates. I think it’s really wrong. It should be the opposite of what it is now. It should be the way it used to be. We announced good results. The market should go up. And we should keep driving it up and have it keep going up and let it be much, much bigger, much, much better. And, you know, growth doesn’t mean inflation. They’re always afraid that, oh, we have – and if there is inflation, that’s okay. Then we can slow it down. But we should be able to do a lot better than three and four. We’re scheduled to be at 4 percent, which is pretty amazing because we have a – you know, a deadhead Fed here. I mean, this guy. The head of the Federal Reserve is a stiff. And, you know, you fight that. It’s amazing. We fight that, and yet interest rates are going down. Except with him, not too much. He did a – he did a rather – I would say a rather small number that could have been doubled, at least doubled. And that’s the other thing. I think the rates for the United States are always the lowest in the world because without us, there is no world. Without this economy, there’s no world. You know, you can go to some of these wonderful countries that you think are so great. Well, one of the reasons they’re great is because we allowed them to get rich off of us and didn’t charge them anything. You look at some of the deals – I don’t want to say use Switzerland as an example, but Switzerland paid almost nothing in terms of a tariff or a tax or whatever you want to call it – license. They paid nothing.
