President Trump’s chief economic adviser says China’s President Xi is “afraid” to sit down with until their countries finalize a trade deal.
Larry Kudlow, director of the White House’s National Economic Council, says President Xi Jinping wants everything agreed to before meeting with President Trump because “he’s afraid Trump might not like it and walk away.”
Mr. Kudlow says Xi wants a signing ceremony, not a negotiating session.
Mr. Kudlow addressed the trade talks during an appearance Thursday in Washington. He says more work is needed to reach a deal.
President Trump Wednesday held out the prospect of walking away if the ultimate trade agreement is not to his liking.
Last month, President Trump cut short a summit with NKorea’s Kim Jong Un after they failed to agree on denuclearizing the Korean Peninsula.
President Trump spoke on the state of negotiations with China shortly before meeting with Republican senators on trade issues. He spoke optimistically of the US and China being able to reach an agreement, declaring that “China has not been doing well. We have been doing unbelievably well.”
President cautioned that “President Xi saw that I’m somebody who believes in walking when a deal is not done.”
“We’re making great deals, or we are not going to make them at all. We’re going to go with tariffs,” President Trump said Wednesday.
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