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Trump says buying Greenland 'a large real estate deal'

19 August 2019

The US flag flies at half-staff at the White House in Washington April 15, 2015.

Meanwhile, Trump on Sunday warned China that carrying out a Tiananmen Square-style crackdown on Hong Kong pro-democracy protesters would harm trade talks between the two countries.

The Danish Prime Minister called Donald Trump's interest in buying Greenland "absurd" the same day the President confirmed he had discussed the possibility of the USA purchasing the country - albeit, Trump said, it wasn't a high priority for America.

If teleconferences between both sides' deputies pan out in the next 10 days "and we can have a substantive renewal of negotiations", Larry Kudlow said on Fox News Sunday, "then we are planning to have China come to the U.S. and meet with our principals to continue the negotiations".

Americans, he said, "should not be afraid of optimism", saying the "Trump pro-growth program" is succeeding. "They are spending and they are saving".

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Their comments follow a week in which concerns about a possible U.S. recession weighed on financial markets and seemed to put administration officials on edge about whether the economy would hold up through the 2020 presidential election campaign, Reuters noted.

"We're doing tremendously well, our consumers are rich, I gave a tremendous tax cut, and they're loaded up with money", Trump said on Sunday. It had not taken place as of Saturday night.

On CNN's "State of The Union", White House trade advisor Peter Navarro maintained that China is the one feeling the brunt of the trade war.

In an interview with ABC's This Week, Navarro slammed the Wall Street Journal after the proponents of free trade published another editorial claiming that tariffs imposed on Chinese imports by the Trump administration are slowing down the American economy.

Kudlow nonetheless emphasised that high-level phone discussions last week were "a lot more positive than has been reported".

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The White House is pushing back on fears that the ongoing trade war with China may lead the US into a recession. Larry Kudlow says the economy will perform well in the second half of 2019.

The president explains why voters have no choice but to choose him at the ballot box in 2020.

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

Even with those steps, the Fed's target interest rate has remained well below historic norms, and policymakers have started cutting rates in response to growing global risks.

In the days since news broke of Trump's desire to buy Greenland, the idea has been ridiculed by politicians in Denmark, and Greenland's Ministry of Foreign Affairs said Friday that the island is not for sale.

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Trump says buying Greenland 'a large real estate deal'