The Trump Administration wants to see “near term results” from renewed US-China trade talks in October, White House economic adviser Larry Kudlow said Friday.
Speaking on network TV, Mr. Kudlow confirmed that the top US and Chinese trade negotiators would meet in early October but a date certain had not been set.
The 14-month US-China dispute war escalated in May, when talks broke down after Beijing backtracked on earlier commitments to make changes in law to improve intellectual property protections, curb the forced transfer of US technology to Chinese firms and improve US access to Chinese markets.
Since then, President Trump has sharply increased existing tariffs on Chinese goods and imposed or scheduled new tariffs on virtually all remaining imports from China to increase his leverage.
“Our team would like to go back and pick up where we left off in the May talks. Whether that will be possible remains to be seen,” Mr. Kudlow said.
“We want to see results. We would like to see results in the near term. When we don’t see results, we take additional actions,” he said. “On the other hand, if we do see results from these upcoming meetings, then progress will be made.”
Kudlow also said there were no preconditions for the October talks.
President Trump later Tweeted that China was hurting economically from the US tariffs but that the new round of talks were positive.
″‘China is eating the Tariffs, billions pouring into USA. Targeted Patriot Farmers getting massive Dollars from the incoming Tariffs! Good Jobs Numbers, No Inflation(Fed). China having worst year in decades. Talks happening, good for all!” President Trump said.
“The Economy is great. The only thing adding to “uncertainty” is the Fake News!” President Trump said in a 2nd tweet.
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