Friday, White House senior economic adviser Larry Kudlow said that the United States and China were making progress on trade negotiations but reaching a deal would take time.
“We have made some progress with China in the deputy’s meeting in Beijing,” he said in a TV interview.
“We are making progress in negotiating on the grandest scale between the two countries ever, we’re covering everything,” Mr. Kudlow said.
“It’s going to take time. We are moving,” he said .
“I’d love to make a deal. I’m a free trader but it’s got to be a great deal,” said Kudlow, who served as The Trump Campaign’s senior economic adviser.
“Nothing has been resolved, nothing on paper, no contracts” he said, noting that recent news reports of a deal being imminent are not accurate at this time.
However,President Trump remains optimistic on the prospect of reaching a trade deal and is shrewdly negotiating with Beijing to strike the best deal for the US.
“He wants to make a China deal that is a great deal for America and its workforce and its farmers and its manufacturers and its technology,” said Mr. Kudlow.
He said a U.S.-China trade deal is vital to the growth of the US economy. “The China trade talks will have an impact on future growth in the United States and prosperity and jobs and profits.”
Chinese Vice Premier Liu He will visit the United States on 30-31 January for the next round of trade negotiations.
Vice Premier Liu’s visit follows negotiations held in Beijing last week to resolve the dispute between the world’s 2 largest economies by 2 March, when The Trump Administration is scheduled to increase tariffs on $200-B worth of Chinese goods.
Have a terrific America First weekend
Latest posts by Paul Ebeling (see all)
- Gold Prices Continue to Drive North - June 24, 2019
- Canopy Growth (NYSE:CDC) Stops Buying Small Marijuana Producers - June 24, 2019
- Wall Street: “Sanders Student Debt Plan Could Bring More Pain” - June 24, 2019