President Donald Trump will not use the term “collapse” when referring to the U.S. economy, despite an economic slowdown and record joblessness that he blames on a global trade deal with China.
“I think he’s going to use the words ‘collaps,’ ‘decline,’ ‘collap[e]s,'” CNBC’s Jim Cramer said on his “Mad Money” podcast.
“He’s not going to say ‘collapsed.'”CNBC said the president’s team is still working out the details of the speech, which will be delivered Friday morning.
It will include a number of economic themes, including job creation and economic growth.
Trump, who is in China for a G20 summit, is expected to unveil an executive order Friday to help companies and businesses cope with the downturn, CNBC reported.