Billionaire Nelson Peltz says a Trump win would be good for America because he has done 'amazing things' for the economy

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Billionaire Nelson Peltz says a Trump win would be good for America because he has done 'amazing things' for the economy
Nelson Peltz, Trian Partners CEO.Thomson Reuters
  • A Donald Trump re-election would be good for the US because he's done "amazing things" for the economy, billionaire Nelson Peltz told CNBC on Wednesday.
  • "He's done things whether we had Republican or Democratic administrations," he said. "He did what's needed to be done. He started to protect America for the first time in 40 or 50 years."
  • Trump has won the key battleground state of Florida, home to billionaire Peltz, which has voted Republican in eight of the last 12 presidential elections.
  • Here's an hour-by-hour guide to election night.
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An election win by Donald Trump would be good for America because he's done "amazing things" for the economy, billionaire Nelson Peltz, founding partner of Trian Fund Management, said in a CNBC interview.

"He's been my man through the last four years, because he's done amazing things for the economy. Amazing things," he said. "In terms of trade, I couldn't agree more with him."

"He's done things whether we had Republican or Democratic administrations. He did what's needed to be done. He started to protect America for the first time in 40 or 50 years. We've given away tens of millions of jobs over that period of time and to his credit, he's bringing them back."

"This is not a right or left issue. This is what's good for America," Peltz said.

Read More: Iconiq Capital, which counts some of the world's most influential families as clients, broke down the investment implications of the US election. Here are the highlights of its 23-page presentation.

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Donald Trump has won the major swing state of Florida, the home of Peltz, according to Decision Desk HQ. Florida, which has voted Republican in eight of the last 12 presidential elections, holds 29 electoral votes.

Joe Biden's plans to reverse Trump immigration policies to strengthen protections for Dreamers is not something Peltz seems to agree with.

"Globalization is absolutely here, that doesn't mean we have to export jobs. I don't think they're mutually exclusive," he said.

The COVID-19 pandemic forced the US to learn to import goods from neighboring countries like Mexico and Canada instead of from across the Pacific or the Atlantic, he said. "The fact is: Let's make it here. We can make it here," he said.

He also praised Trump's move to cease participation in the 2015 Paris Accord, calling it "another way to make us less competitive."

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Read More: Bond king Jeff Gundlach predicts a Trump win, but with 'far less conviction' than in 2016. He and famed economist David Rosenberg share their picks for the best and safest areas to invest in a post-election world.

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