Ed Butowsky, managing partner of Chapwood Investments, discussed with NTD's Iris Tao about President Donald Trump's Friday executive orders to make home ownership affordable for first-time and middle-income buyers.
Butowsky says the executive orders are addressing accessibility to a home mortgage but not the most important part—what the dollar amount of monthly payments will be. He said he believes that lower interest rates are warranted amid slower-than-expected economic expansion and reduced inflation, and that lower rates can help stimulate U.S. and global recovery.
U.S. trade with China has slowed in China greatly over the last 5 years, now at the lowest point since 2017, Butowsky noted. He said the purchase of agricultural products, aircraft and other goods, and assurances for rare earth minerals will be discussed at the upcoming summit. He also said Trump's meeting with Xi Jinping will be more ceremonial and much of the work is underway now.