Trump speaking in Philadelphia
- "We're going to have very, very strong controls over currency manipulation and devaluation"
He was talking about those controls in terms of future bilateral trade deals so it's not exactly a hint a naming China a manipulator but it might be seen that way.
- We're going to have bilateral trade deals with 30-day termination
- We have made clear to Mexico that Americans won't pay for the border wall
- NAFTA costs us as much as $60B a year with Mexico alone in trade deficits
- A meeting with Pena-Nieto would be fruitless
- We're working on a tax reform bill
Nothing much new so far.
- We will create millions of new jobs
- Bold tax reform is at the center of the agenda
- We will improve access to credit
- We will ensure our people get the best infrastructure
Nothing market moving here. Lots of reiterating things we've heard before.
