US National Economic Council Director Larry Kudlow talked to FOX Business News. He said US annual GDP could hit 5% growth as a “catch up”. He pointed to the “long-term trend line for GDP versus the actual now”. And added that the US is like “several trillion dollars below where we should be based on the long-term trend lines”. And he wants to “get back to that full potential”.
Kudlow also said he expected trade barriers between US and China will come down on both sides as part of a deal. Earlier, he emphasizedd that “none of the tariffs have been put in place yet, these are all proposals.” And Trump’s administration is “putting it out for comment”. He added “there’s at least two months before any actions are taken”.
