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President Trump, flanked by Small Business Administration Administrator Linda McMahon and daughter Ivanka Trump, spoke about the economy with small-business owners on Tuesday. (Associated Press)

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"Factories are coming, pouring back into our country. Jobs are coming back," said President Trump, confidently predicting an annual growth rate of 3 percent. Frustrated by a lack of progress in Congress, he is happy to take credit for good economic news. (Associated Press)

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White House Chief of Staff John Kelly stands in the East Room of the White House in Washington, Tuesday, Aug. 1, 2017, before President Donald Trump arrived to speak with small business owners as part of "American Dream Week." (AP Photo/Alex Brandon)

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Tony Danna, left, vice president of international development at Three Square Market in River Falls, Wis., reacts while getting a microchip implanted in his left hand at company headquarters on Tuesday, Aug. 1, 2017. The company is making microchips available to its employees, allowing them to open doors, log onto their computers or buy break room snacks by simply waving their hand. (AP Photos/Jeff Baenen) ** FILE **

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Tony Danna, left, vice president of international development at Three Square Market in River Falls, Wis., receives a microchip in his left hand at company headquarters Tuesday, Aug. 1, 2017. The company is making microchips available to its employees, allowing them to open doors, log onto their computers or buy breakroom snacks by simply waving their hand. (AP Photos/Jeff Baenen)

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President Donald Trump speaks in the East Room of the White House in Washington, Tuesday, Aug. 1, 2017, during an event with small business owners as part of "American Dream Week." (AP Photo/Alex Brandon)

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President Donald Trump speaks in the East Room of the White House in Washington, Tuesday, Aug. 1, 2017, during an event with small business owners as part of "American Dream Week." (AP Photo/Alex Brandon)

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FILE - In this May 1, 2017 file photo, banners on a car read in Spanish "Corrupt Supreme Court" and "Corruption bank" during the annual May Day parade in Panama City. Panama's Chief Prosecutor Kenia Porcell said Tuesday, Aug. 1, 2017 that the Brazilian construction company Odebrecht has agreed to pay Panama a $220 million fine and provide information about Panamanians who received bribes. (AP Photo/Arnulfo Franco, File)

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President Donald Trump smiles in the East Room of the White House in Washington, Tuesday, Aug. 1, 2017, as he pauses while speaking with small business owners as part of "American Dream Week." (AP Photo/Alex Brandon)

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In this July 24, 2017 photo, David Quinones, operations director of Natural Ventures shows a pack of processed marijuana in Caguas, Puerto Rico. Medical marijuana is legal in 29 U.S. states, but legislators in the largely conservative island of Puerto Rico had been reluctant to embrace an industry that the island’s treasury secretary says could generate up to $100 million a year in part through a sales and use tax, as well as help ease an unemployment rate that has hovered around 12 percent, the highest compared with any U.S. state. (AP Photo/Ricardo Arduengo)

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In this July 24, 2017 photo, Marijuana plants bloom at a laboratory in Natural Ventures in Caguas, Puerto Rico. Medical marijuana is legal in 29 U.S. states, but legislators in the largely conservative island of Puerto Rico had been reluctant to embrace an industry that the island’s treasury secretary says could generate up to $100 million a year in part through a sales and use tax, as well as help ease an unemployment rate that has hovered around 12 percent, the highest compared with any U.S. state. (AP Photo/Ricardo Arduengo)

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In this July 24, 2017 photo, marijuana plants bloom at a laboratory in Natural Ventures in Caguas, Puerto Rico. Experts say that compared with U.S. states, Puerto Rico offers lower tax rates and is not subject to a federal tax law that prohibits investors from deducting cannabis-related operating expenses for tax purposes. (AP Photo/Ricardo Arduengo)

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In this July 24, 2017 photo, Noel Sola, a cultivation worker at Natural Ventures inspects germinated marijuana plants in Caguas, Puerto Rico. In addition to buying licenses for medical marijuana, everyone ranging from patients to growers pays an 11.5 sales and use tax, with 10 percent of those revenues going to the trauma center at Puerto Rico's largest public hospital, which faces a shortage of funds.(AP Photo/Ricardo Arduengo)

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In this July 24, 2017 photo, Noel Sola, a cultivation worker at Natural Ventures carries marijuana plants in Caguas, Puerto Rico. Medical marijuana is legal in 29 U.S. states, but legislators in the largely conservative island of Puerto Rico had been reluctant to embrace an industry that the island’s treasury secretary says could generate up to $100 million a year in part through a sales and use tax, as well as help ease an unemployment rate that has hovered around 12 percent, the highest compared with any U.S. state. (AP Photo/Ricardo Arduengo)

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In this April 25, 2017, photo, a GMC truck sits in a General Motors dealer's lot in Nashville, Tenn. U.S. sales of new cars and trucks were expected to show a decline in July 2017 as consumers pulled back on purchases and waited for Labor Day deals. July likely marked the seventh straight month of declines in a peaking market. (AP Photo/Mark Humphrey)

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In this Wednesday, April 26, 2017, photo, Chevrolet Corvettes and other vehicles line the lot at a Chevrolet dealership in Richmond, Va. U.S. sales of new cars and trucks were expected to show a decline in July as consumers pulled back on purchases and waited for Labor Day deals. July likely marked the seventh straight month of declines in a peaking market. (AP Photo/Steve Helber)

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In this Wednesday, April 26, 2017, photo, 2017 Buick automobiles appear on display in the showroom at a GMC Buick dealership in Miami. U.S. sales of new cars and trucks were expected to show a decline in July 2017 as consumers pulled back on purchases and waited for Labor Day deals. July likely marked the seventh straight month of declines in a peaking market. (AP Photo/Alan Diaz)

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FILE - In this Tuesday, Oct. 25, 2016, file photo, a miniature reproduction of Arturo Di Modica's "Charging Bull" sculpture sits on display at a street vendor's table outside the New York Stock Exchange, in lower Manhattan. U.S. Stocks are rising Tuesday, Aug. 1, 2017, as payment processors and banks trade higher. (AP Photo/Mary Altaffer, File)

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Former pharmaceutical CEO Martin Shkreli leaves the U.S. District Court for the Eastern District of New York on Monday, July 31, 2017, in the Brooklyn borough of New York. Jurors finished their first day of deliberations in the federal securities fraud trial of Shkreli without reaching a verdict. They are expected back on Tuesday to continue deliberating on the charges he faces. (AP Photo/Michael Noble Jr.)

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Former pharmaceutical CEO Martin Shkreli leaves the U.S. District Court for the Eastern District of New York on Monday, July 31, 2017, in the Brooklyn borough of New York. Jurors finished their first day of deliberations in the federal securities fraud trial of Shkreli without reaching a verdict. They are expected back on Tuesday to continue deliberating on the charges he faces. (AP Photo/Michael Noble Jr.)