Search ForexCrunch

Orinalgally posted in the Washington Post,  President Donald Trump’s chief economic adviser was reported saying that China’s president is “afraid” to sit down with Trump until their countries finalize a trade deal.

The New York Times has recently updated the story as follows:

Larry Kudlow, director of the White House’s National Economic Council, says Xi Jinping (shee jihn-peeng) wants everything agreed to before meeting with Trump because “he’s afraid Trump might not like it and walk away.” Kudlow says Xi wants a signing ceremony, not a negotiating session.

Kudlow addressed the trade talks during an appearance Thursday in Washington. He says more work is needed to reach a deal.

Trump on Wednesday dangled the prospect of walking away if the ultimate trade agreement isn’t to his liking.