The White House Economic Adviser Larry Kudlow recently crossed wires, via CNBC, while turning down any tariff reduction on Chinese goods from the United States (US) side until the phase one deal gets finalized. Mr. Kudlow also refrained from giving any timeline on the deal. Key quotes “Would not put a timeline on China trade deal. Close means close.” “Trump believes China needed deal more than US.” “Made a lot of progress on currency stability and IP theft.” “Made progress on agriculture.” “We’ve had a very unfair relationship with China through the years so the deal has to be good for the US and US workers.” “No tariff adjustments until China deal has been finalized.’ “Does not believe that US needs negative rates as economy is in a good place now.” “the yield curve is normalizing which he believes is a good thing.” “Trump has asked him to explore tax cuts 2.0.” “New tax policy will be released for many months.” FX implications Although markets showed less response to the news, this could be considered as an additional burden for riskier assets, Commodities and Antipodeans while also favoring the safe-havens. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Justice Department: Chinese national pleads guilty to theft of trade secrets from the US petroleum company FX Street 3 years The White House Economic Adviser Larry Kudlow recently crossed wires, via CNBC, while turning down any tariff reduction on Chinese goods from the United States (US) side until the phase one deal gets finalized. Mr. Kudlow also refrained from giving any timeline on the deal. Key quotes "Would not put a timeline on China trade deal. Close means close." "Trump believes China needed deal more than US." "Made a lot of progress on currency stability and IP theft." "Made progress on agriculture." "We've had a very unfair relationship with China through the years so the deal has to be good… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
