in the vicinityVideoKudlow reacts to the Dow surging, after Trump is in China meeting at the G20 summit
President Trump’s tweets, that is, it is a longer meeting with Chinese President Xi at the G20 after a very good telephone conversation.’ White House National Economic Council Director Larry Kudlow responded.
Discussions with the Chinese President, Xi Jinping, is better than no conversation traded, the White house Economic Council Director Larry Kudlow said on Tuesday.
The says on “America’s Newsroom” with host Sandra Smith, Kudlow, that the White house and the President for an “enforceable agreement.”
“This is absolutely crucial,” he said.
Markets rose early Tuesday morning, as President, Trump sent a tweet that read: “Had a very good phone call with President Xi of China. We will be having an extended session next week at the G-20 in Japan. Our respective teams to begin conversations prior to our meeting.”
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This news comes in the midst of a trade confrontation between the US and China escalated last month, when the President increased duties on $200 billion dollars of imports from China by 25 percent.
China responded with an increase in the rates to $60 billion dollars of American products, which entered into force earlier this month.
Foreign Ministry spokesman Geng Shuang told reporters in Beijing: “China will not fight a trade war, but we are not afraid of fighting a trade war. If the US is willing to, equal consultations, our door is wide open. If the United States wants only to escalate trade frictions, we will respond with determination and fight to the end.”
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Since then, Trump has possible rates threatened to “at least” another $300 billion worth of goods.
In his interview on “America’s Newsroom” Kudlow, said he could not “walk through everything” while the President of the call with Xi.
“I know from our talks with the President and our senior principal trade group: the USA want to continue the discussions on the structural changes in terms of theft of intellectual property and forced technology transfer and the opening up of the market and tariffs,” he said.
However, he believes that the USMCA-trade deal with Mexico and Canada, “more important than China trade,” because the creation of jobs and gross domestic product (GDP) growth.
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When asked by reporters if China was willing to come to the table and make a deal, Kudlow re-iterates: “I don’t want to speculate.”
At what point is the tariffs on China and/or Chinese retaliatory tariffs impact real Americans? “I don’t know,” he said. “We need to change, non-reciprocal trade practices.”
A new Fox News poll shows that 79 percent of America say they are, at least, were “increased a little” concerned about the rates the cost.
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“Any impact on consumers in the us are very, very, very limited, and the de-minimis: point number one. Point number two: China is, in fact, is—in economic terms—China wind will pay for a good chunk of these rates, whether the production moves to the US or whether Chinese companies slash prices and hurt their own products and the bottom line,” he said.
“So, I think it’s worth it, Kudlow summarized. “We have fair conditions of competition in the mutual trade with China. So, let’s stay. The economy is in good shape. We are in good shape.