Trump has US back on world stage

Donald Trump is actually certainly a pro-business president, although he’s not trying to enrich the wealthy, Goldman Sachs chief Lloyd Blankfein told CNBC on Thursday.

Blankfein, a frequent critic of the White House, was traveling in Beijing with President Trump in addition to a delegation of business leaders for the U.S. state visit to China.

The Trump administration is actually “a kind of champion for American interests,” Blankfein said, although added he finds the president’s rhetoric “excessive” sometimes.

“There are things I disagree,” he said, reflecting, “maybe I haven’t shown enough appreciation for the positives” of the Trump administration.

He stressed in which he believes Trump is actually supporting business in such a way to boost the economy in addition to help all Americans.

However, Blankfein noted, “This kind of’s not growth at all costs. We need to have some regulation.”

Blankfein also talked about his firm’s agreement to establish a $5 billion investment vehicle with China’s sovereign wealth fund. He said the fund is actually aimed at putting money into “U.S. companies in which could be helped by better access to China.”

Meanwhile, he also told CNBC This kind of’s inevitable in which the Chinese economy will be bigger than the U.S. economy based on the sheer population disparity alone. although on the measure of “purchasing power,” China has already surpassed the U.S., he said.

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