06.27.19

Senator David Perdue: Optimism & Consumer Confidence Are High

Discusses Economic Success, Trade Talks With China On CNBC’s Squawk Box

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) joins CNBC’s Squawk Box to discuss the G20 Summit in Japan, trade negotiations with China, and economic success under President Trump.

Click here or on the image below to watch.

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Highlights:

Economic Boom: “I’m a business guy. I can tell you for a fact – when you start releasing the onerous regulations that were put forth during the Obama Administration, you get a bump in optimism. That’s exactly what we’ve seen. CEO optimism and consumer confidence grew right away. We’ve pulled the government off the market and freed up potentially as much as $6 trillion of capital to come back to the economy over time.”

G20 Trade Talks: “We want China to stop stealing our technology, and we want them to stop forcing the transfer of technology into our joint ventures. We want them to comply with the World Trade Organization (WTO). That’s something China has never done since they were admitted to the WTO. We want them to stop the cyber war, and we want equal access. These are reasonable things the President is asking for.”

Getting China To The Table: “I lived in China during my business career. I’ve been dealing with China for 30 years. If tariffs get them to the table – which they have – then it’s been worthwhile. Now, what we have to do is find common ground, look for off ramps, and make sure we continue this process. However, the idea that we’re going to wrap up a big trade deal with a ribbon over the weekend is false hope.”

Capitalism vs. Socialism: “What we saw in the Democratic debate was a dramatic shift to the left toward socialism. The only way to win the socialism argument is to prove that free enterprise and capitalism aren’t working. That’s out of touch with reality. We’ve created over five million new jobs since President Trump took office. We have the highest median income in history and the lowest African-American, Hispanic, and Asian-American unemployment ever measured. We have the lowest unemployment overall in fifty years.”

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When Senator Perdue was elected, he was the only Fortune 500 CEO in Congress. He is serving his first term in the United States Senate, where he represents Georgia on the Armed Services, Banking, Budget, and Agriculture Committees.