Trump "Very Disappointed in China... Watching Chinese-Listed Companies on US Stock Market Closely" (Update)

President Trump, Fox Business Interview
"US Economy Will Recover Next Year... Strong Dollar Must Continue"

[Image source=AP Yonhap News]

[Asia Economy Reporter Kim Eunbyeol] U.S. President Donald Trump stated that the U.S. economy, which was hit by the spread of the novel coronavirus disease (COVID-19), is expected to recover next year. He also expressed great disappointment with China and said that they are monitoring whether Chinese companies listed on the U.S. stock market have violated accounting standards.

On the 14th (local time), President Trump said in an interview with Fox Business, "The U.S. economy will rebound and turn around in the third quarter, and with all the economic support measures, the economy will recover next year." He added that the U.S. economy next year will show an all-time high level.

This suggests that as several states in the U.S. lift lockdown policies, an economic recovery trend will emerge.

He also mentioned that a strong dollar policy must continue for the economy to recover. President Trump said, "Because the dollar is strong, everyone wants to be included within the dollar policy. We must keep it strong continuously." According to Dow Jones Market Data Group, the dollar recently showed a 3.67% strength against the euro.

He also referred to the recent continuation of zero interest rates in the U.S. and said that the U.S. should adopt negative interest rates like Germany and Japan. He recently stated, "If they continue with negative interest rates, we should do the same."

Meanwhile, in the interview, President Trump also said he is keeping a close eye on Chinese companies listed on the New York Stock Exchange. Maria Bartiromo, the anchor who conducted the interview, tweeted, "President Trump said he is watching Chinese companies listed on the New York Stock Exchange (NYSE) and Nasdaq that do not comply with U.S. accounting standards."

He expressed great disappointment with China, saying, "It has become clear that China's labor force ultimately comes at a tremendous cost." He also said, "When we were negotiating trade with China, the virus was not a topic at all."

This content was produced with the assistance of AI translation services.