Investing.com -- President Trump recently spoke on the state of the U.S. economy, addressing concerns about a slowdown in home sales in March, which was the slowest pace since 2009. He dismissed these concerns, stating that the housing market had shown really good numbers recently. He also suggested that the Federal Reserve should lower interest rates to further boost the housing market.
The President also mentioned the decrease in energy prices, which were at $64 a barrel, significantly lower than the $89 to $95 range when he took office. He highlighted that lower energy prices were beneficial for resolving conflicts, citing Russia as an example.
In addition, President Trump referred to the decrease in grocery prices, particularly eggs, which he said had dropped by 87% in price. He attributed this to the efforts of his administration.
On the topic of trade, President Trump asserted that every country was eager to negotiate deals with the U.S. He stated that some countries had treated the U.S. unfairly and would face higher tariffs. He blamed previous U.S. leaders for allowing the country to be "ripped off" for many years, stating that the U.S. was losing 4 to 5 billion dollars a day on trade when he took office.
He emphasized that his administration had been tough on trade, especially with China, which he said had paid hundreds of billions of dollars in tariffs. He claimed that no other president had managed to achieve this. He ended by stating that his administration would not let any country take advantage of the U.S. in trade deals.
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