President Donald Trump talks about the impact of American prices on China.
President Donald Trump said Wednesday that his administration’s prices encourage investments in the United States, while China is hurting a lot. ”
“I have heard that Samsung is – now because of the prices – they will build massive facilities in the United States,” said Trump at a meeting of the cabinet. “If we haven’t made the prices, they wouldn’t do that.”
Trump said earlier this month that he had attracted more than $ 7 billions of private investments since his elected official, companies like Apple, Eli Lilly and Stargate, as well as countries like Saudi Arabia, the United Arab Emirates and Japan.
“We have more money spent than at any time in the history of our country. We are nearly 8 billions of dollars, I think I can say,” he told journalists on Wednesday. “And this includes flea companies, car manufacturers. Each form of manufacturing of high -tech companies. No one has ever seen anything like it.”
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President Donald Trump, center on the right, speaks for a meeting of the cabinet at the White House on Wednesday, April 30. (Ken Cedeno / Upi / Bloomberg via Getty Images / Getty Images)
“What they need is an incentive to enter, and the prices – they are built because of the prices. And I like to say that they build because of November 5, the elections and the prices. But I will be a little more frank. They build because of the prices. And on November 5 gave them the prices,” said Trump too.
Meanwhile, China “is doing badly at the moment” in its trade war with the United States, according to Trump.
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Chinese President Xi Jinping shakes hands with President Donald Trump before a bilateral meeting on the sidelines of the G20 summit in Osaka, Japan in June 2019. (Brendan Smialowski / AFP / Getty Images / Getty Images)
“I just saw reports go out – and I don’t want it to happen to China – I really like the president. President XI, I don’t want it to happen. I was actually saddened to hear it. But they are absolutely hammered in China,” said Trump.
“They send boats, the largest boats in the world, transporting goods like no one has ever seen before. These are the biggest boats in the world, the biggest cargo cargo cargo. And they arrive and they turn to the peaceful ocean. They go back and go back because they do not want the goods. Because 145% of the price. With China, “continued 145%.
President Donald Trump reacts while he holds a meeting from the Cabinet to the White House on Wednesday, April 30. (Reuters / Evelyn Hockstein / Reuters)
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“We are talking to China, but their factories close everywhere in China because we do not take their product. We do not want their product unless they are just with us. And that includes intellectual property and other things. There are a lot of things beyond buy / sell. So we will see what is going on,” said Trump. “I want China to do well. I want each country to do well, but they have to treat us quite too.”
Greg Wehner of Fox Business contributed to this report.
