Assistant to President Donald Trump and Director of the Office of Trade and Manufacturing Policy Peter Navarro is predicting that 2020 will be a ‘boom year… for the American economy’ as a result of the Trump Administration’s trade and pro-growth policies, he told Fox & Friends host Brian Kilmeade Tuesday.

Earlier on Tuesday, President Trump told reporters that a long-anticipated China trade deal had been reached. In the deal’s first phase, China rolled back on nearly 800 tariffs, Trump said.

It’s gonna be a boom year in 2020 for the American economy. I’m looking at growth closer to three percent to two percent, Navarro

“Were going to set a really good foundation on that deal and then that’s one of four other deals. We’ve got Japan, South Korea, Canada, Mexico, and the USMCA. Brian, that’s over 60 percent of total trade,” Navarro told Kilmeade.

He continued, “It’s gonna be a boom year in 2020 for the American economy. I’m looking at growth closer to three percent to two percent. I’m looking at the Dow well over 30,000, I predicted that several months ago that if we got USMCA and interest rates down then we’d get over 30,000. It’s gonna be a great year for America.”

The greatest beneficiaries of the Trump administration’s pro-growth policies were American workers who continue to see more opportunities to earn with record low unemployment rates and increasing wages, according to reports by the U.S. Bureau of Labor Statistics. The economic summary for the 2019 is set to be released on Jan. 10, 2020.