Trian Partners’ Nelson Peltz praised President Donald Trump on Thursday for his tough stance on trade.

“The president is doing some really brave things,” Peltz said at The Deal conference in New York City, run by CNBC’s “Mad Money” host Jim Cramer.

The Trump administration is pushing several countries on trade, including China, where it just announced tariffs on $50 billion of imported goods, and Canada, the EU and Mexico, which have threatened to retaliate on imports of a number of American goods after Trump imposed tariffs on their steel and aluminum imports after briefly exempting them.

Negotiations with Canada and Mexico on the 24-year-old North American Free Trade Agreement are also underway, though any resolution might not come until next year. Earlier this week, White House economic advisor Larry Kudlow told CNBC Trump was considering talking to the two countries separately on trade. Canada’s Prime Minister Justin Trudeau has already said no to that.

Peltz’s $9.9 billion fund company has stakes in General Electric, Mondelez International, Procter & Gamble, Sysco and Pentair, among other investments.

“At the end of the day he’s a great negotiator,” the activist investor said. “I don’t think we will end up with a trade war.”

Liz Moyer contributed reporting

Source: Investment Cnbc
Trump is 'doing some really brave things' on trade, says billionaire investor Peltz