Buying interest: Belongs to Greenland soon, US President Trump? View

Tuesday, 20 Aug, 2019

Trump said the idea of acquiring the semi-autonomous Danish island is "strategically" interesting, although he noted that it is not a top priority for the White House.

"It's something we talked about", Trump told reporters. So the concept came up and I said, 'Certainly, I'd be. We're a big ally of Denmark, and we help Denmark. "We protect Denmark like we protect large portions of the world", Trump said. I think he thought I was a part of it, but I wasn't.

"It's hurting Denmark very badly because they're losing nearly $700 million a year carrying it [.] and strategically, for the United States, it would be nice", he added.

Despite talking up the economy, the president and his advisers have repeatedly accused the US Federal Reserve of undermining the administration's economic policies.

White House trade adviser Peter Navarro similarly brushed off concerns of an impending recession, telling CNN's Jake Tapper on "State of the Union" that the yield curve - a critical economic indicator related to US Treasury bonds that, when inverted, often precedes recessions - was not "technically" inverted last week.

Trump on Sunday wrote on Twitter that the USA economy is "the best in the world", claiming also that it's "Poised for big growth after trade deals are completed".

World financial markets have been on edge amid signs pointing to a possible global economic slowdown - notably because of the trade war between the world's two largest economies - and have been reacting nervously to even the slightest new indicator.

Trump acknowledged at least a potential impact on consumers when he paused a planned 10 percent tariff hike for many items coming from China, such as cellphones, laptops, video game consoles, some toys, computer monitors, shoes and clothing.

But manufacturing growth has slowed and lagging business investment has also become a drag.

A strong economy is key to Trump's reelection prospects.

He told voters at a rally last week they had "no choice" but to vote for him in order to preserve their jobs and investments. On Sunday, Kudlow again pointed the finger at the central bank, describing rate hikes through 2017 and 2018 as "very severe monetary restraint".

The president is due to visit Denmark next month, but on Sunday said he's not sure if there would be in person discussion about a deal. "Now he goes home and his mom says, 'What the hell have you just done?'"

The US-China negotiations began in earnest in January and seemed at first to make progress, raising hopes that a trade deal could be rapidly reached.

"A lot of things can be done", he said of purchasing Greenland.