Bank of America CEO Brian Mionihan evaluates the status of American economy, trade and tariff on ‘Special Report’.
White House is working to secure many business deals during the President Donald Trump’s The 90-day tariff stagnation, but the overall tariff Tuss has increased the volatility in the US market. The CEO of a major American bank argued that a “blueprint” deal could do a lot to “calm the market”.
On Tuesday, the press secretary of the White House Karolin Levitt said that the Trump administration now has “18 proposals on paper” for business deals, but still has a lot of expectation when there will actually be a deal. A trade deal announcement will meet two major objectives for Trump, Bryan Moionihan, CEO of Bank of America, told Fox News.
“One is this (a business deal) will give them (Trump Administration) a blueprint … second, it will show that the deals can be done,” Mionihan said. “special Report” Thursday.
“If rumors are true that some countries are close, and something will happen, then I think there will be a lot to calm the market because they would say that there is a way to solve it.”
The White House says that the Trump administration has 18 trade proposals on paper
National Economic Council Director Kevin Haset shared the ‘lower line’ in a meeting with China on President Donald Trump’s business deals and ‘Kudlo’.
Trump’s tariff policies have sent shockwaves through American economy and global trade. The President put a 90-day stop on the interpersonal, “liberation day” tariff, which he had planted in dozens of countries except China. This stagnation was definitely a sudden change after saying that the tariff would not be a break just for the conversation.
In contrast, the Trump administration has ended the former on its own Tariff on china Up to 145%.
Now, the administration, including Trump, is interacting with foreign countries, to strike on beneficial deals for the US and reduce the country’s old trade deficit.
Uncertainty around tariffs and trump trade deals has inspired some economists to reduce the beliefs of development, but Mionihan argued that the American economy is still in “appropriate size”.
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White House Press Secretary Karolin Levit said that the Trump administration now has “18 proposals on paper” for trade deals.
Mionihan confirmed that there is no research team of Bank of America See a recession On the horizon, but they see the economy “very slow”.
He said, “They see the economy very slowly, and this is the place where we are careful. They still see a positive growth, but you go from a growth rate of 3% with a growth rate of 1% in the third quarter of 24 in this quarter … It is a big recession in a big economy.”
When Trump administration Claiming his transparency on policy issues, Mionihan argued that “how they all work together, and until they are a little worried,” cannot “harmonize”. ,
Fox Business’ Greg Norman and Fox News Digital’s Emma Colton contributed to this report.
