WH Economic adviser Larry Kudlow, speaking on CNBC this Monday, commented on the much talked about and recently concluded US-China trade talks.
“¢ The fine details will be worked out over time with China. Are making progress.
“¢ Progress is progress in terms of the Long term.
“¢ If China reduces trade barriers, the US will be able to export volumes of goods and services.
“¢ You cannot remove tariffs from this process. Not saying tariffs are over, but we are in a negotiations stage.
“¢ Tariffs will play a role in the negotiations. That’s how it works.
“¢ No one is satisfied with the intellectual property situation in China.
Additional quotes:
“¢ We want a good deal on NAFTA.
“¢ Many of items on NAFTA has been negotiated.
“¢ There is a willingness to get a deal done.
“¢ Does not think the timeline is as tight as Rep Paul Ryan outlined. May be flexible.
“¢ We are entering a new long cycle of growth and prosperity.
“¢ USD looks steady, ‘Steady is good’.
“¢ Strong USD attracts investment.
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