Trump on Fox Business

  • China wants to make a deal more than he does
  • Substantial additional tariffs if no China deal
  • China deal must have IP protection, opening China market
  • If he decides to place additional tariffs, it could be 10%, not 25%
  • Powell is not doing a good job
  • He has high rates while Obama had cheap money
  • Says he has the right to demote or fire Powell, hasn't suggested he would do it
  • US should have Draghi instead
  • China devalues their currency like a ping-pong ball
  • Fed policy is 'insane', ECB is pouring money in while Fed is taking money out
  • Powell doesn't do anything for US as other countries devalue their currencies
  • Plan B with China is to reduce business with China
  • Vietnam also taking advantage of US
  • Calls Vietnam the single worst abuser of everybody
  • US will 'perhaps' sue google and facebook

The market wasn't quite sure to do with all this.