Billionaire Peter Thiel on Thursday said he thinks President Donald Trump will get re-elected in 2020 if he runs, Fox News reports.
"I think that if he runs again, he will get re-elected," Thiel said during an event hosted by the Economic Club of New York. "He'll make a judgment. And if he thinks he can get re-elected, he will run. And if he runs, I think he will win."
Thiel, a co-founder of PayPal, is a libertarian but supported Trump during the 2016 presidential election. He still does.
“Perhaps the single thing I saw in President Trump and that I still think is terrific is his willingness to challenge some of the orthodoxies, the politically correct orthodoxies in our country and to freshly rethink things in a variety of ways, and I think that’s so critical for us moving forward,” he said.
On Trump’s controversial tariffs on steel and aluminum, Thiel also backed the president.
“Something like the tariffs, where you’re always supposed to be anti-tariff and you’re always supposed to be reflexively pro free trade. But I think that needs to be rethought as well. It’s obvious that there is something wrong with our trade relations when they are this asymmetric,” he said.
“We import $475 billion a year from China, we export $100 billion. That’s an incredible trade deficit. And the economic theory is that that developing country should have trade deficits because it has the faster growing economy, but capital should be flowing from the U.S. to invest in China and then China should have trade deficits that offset the flows, and we instead live in a world where the money is sort of strangely flowing uphill.”
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