President Donald Trump spoke outside the White House Friday morning celebrating the announcement that the .S. had 4.1% economic growth in the second quarter of this year. "Once the trade deals kick in, it is going to go even higher," he said.
President Trump touted as “amazing” and sustainable — even as economists caution economic growth for the second half of the year will likely be slower.
"These numbers are very, very sustainable — this isn’t a one-time shot," Trump said on Friday, speaking from the South Lawn of the White House.
Flanked by Vice President Mike Pence and his top economic advisers, including Treasury Secretary Steve Mnuchin, Commerce Secretary Wilbur Ross, US Trade Representative Robert Lighthizer and Office of Management and Budget Director Mick Mulvaney, Trump assessed that the economy is on track to hit an annual GDP growth rate of over 3% in 2018.
The US is experiencing an "economic turnaround of historic proportions," the President said, and cited a $50 billion reduction in the trade deficit as "one of the biggest wins."