U.S. gross domestic product advanced by 4.1% in the second quarter, the fastest pace of economic expansion since 2014 - when third-quarter growth reached 5.2%.
After the GDP report was released President Trump tweeted, "Great GDP numbers just released." In a press conference at the White House Trump said annual GDP growth "will be over 3%."
White House Director of Strategic Communications Mercedes Schlapp joined Fox News Radio's Guy Benson and Marie Harf to discuss GDP growth and tariffs.
On GDP growth: Obviously, today was quite historic. I mean this was the first time in four years that we have seen the GDP numbers at such high levels at 4.1% and as you know the GDP is one of the strongest and most important indicators. So, we're really starting to see the economy gain momentum and it is because of the President's economic policies. (1:54)
On Democrats saying during election that Trump's policies would lead to recession: So we've seen over 300 billion dollars in repatriation coming back to the United States. I mean that is just spectacular. Looking at unemployment rates at its lowest below 4%, but for Hispanics and African-Americans also have benefited greatly. Labor participation rate is up. This is what you call a booming economy and it is what the President has pushed forward in terms of his economic policy. (5:00)
On the growth potentially being hurt by tariffs: Well, let's talk about Granite City Illinois, the President was there yesterday for steel workers who literally broke down in tears because of what he has done in terms of saving the steel industry. And you look at the numbers, I mean I study day in day out, in terms of the steel industry we are seeing employment rise in the steel industry. So, when it comes to national security when it comes to what the backbone of our country is it is the steel and aluminum industry, as well as technology. (6:53)
On emergency-aid to farmers: It is short term relief to buy us time to get substantial trade deals. We need to get the trade deals done. I am hopeful they work and get Nafta done, especially with Mexico, I would say by September October the latest and that's the goal. (11:07)