Economic Chief Larry Kudlow: Pretty sizable distance to go in trade talks with China - Kogonuso

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Feb 8, 2019

Economic Chief Larry Kudlow: Pretty sizable distance to go in trade talks with China

In what could be a blow to reaching a trade deal, a new report is claiming President Trump is highly unlikely to meet with Chinese President Xi Jinping before the 90-day tariff truce is over.

On Thursday CNBC reported the two leaders are not expected to sit down before the March 1st tariff deadline. The report claimed there’s too much work to do in too little time for the two leaders to meet by the deadline, but still claimed a meeting could take place soon after the first of March.

President Trump has said he wants to meet with President Xi to finalize a trade deal.

Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will head to China for high level talks next week, with a group of deputies expected to kick talks off Monday.

During an interview earlier this week, Mnuchin outlined what he wants a trade deal with China to look like.

“These are everything from structural issues to forced technology issues to the long list of issues that were in the 301 report, and we are also very focused on free and fair trade for U.S. companies to have access there and to have a more level playing field, which will bring down the trade deficit,” he explained.

Meanwhile, White House Economic Chief Larry Kudlow is pumping the brakes on how close a deal is to getting done, saying there’s a pretty sizable distance to go in trade talks with Beijing.

During an interview Thursday, Kudlow indicated there may be a long road ahead for negotiations, but did say President Trump is optimistic a deal will get done. He also spoke outside of the White House Thursday, saying the March 1st deadline to place more tariffs on Chinese goods is still intact and he won’t speculate on if the deadline will get pushed.

Reports have suggested the president may hold off on imposing higher tariffs if the two sides are seeing progress in talks.https://www.geezgo.com/sps/53697

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