Impeachment in the House appears to be looming,... but that's not enough to stop the back-slapping going on in the White House right now.
Senior U.S. officials are hailing the so-called "phase-one" trade deal reached with China late last week as a great success of the American economy.
President Trump's chief economic adviser is so confident that he predicts the deal is going to DOUBLE shipments of U.S. goods to China.
Kim Hyo-sun has more.
The Trump administration is giving itself a high-five for reaching a phase-one trade deal with China.
It says the so-called "big deal" that was reached with Beijing last Friday will soon lead to visible economic growth in the U.S.
This,... the administration believes, will give President Trump even more firepower to use against his Democrat rival in next year's presidential election.
Regarding the deal,... White House economic adviser Larry Kudlow told reporters Monday that the agreement would double U.S. exports into China.
"We are going to double, we are going to double U.S. exports. The positive effects on economic growth in this country cannot be exaggerated. That's why I keep calling this growthier."
He also said the deal is complete and will probably be signed by both parties early next month.
U.S. Trade Representative Robert Lighthizer also hailed the deal that was reached after a contentious 18-month trade war.
During an interview with CBS News on Sunday, he said American exports to China will jump by nearly 2-hundred billion U.S. dollars in the next two years.
Currently, U.S. exports to China stand at roughly 130 billion dollars.
U.S. Treasury Secretary Steven Mnuchin labeled the deal "historic,"... adding it will contribute to global economic growth as well.
Kim Hyo-sun, Arirang News.
#Trump #trade #China
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