In an interview with Fox News, White House adviser economic Larry Kudlow said that they wanted to address structural changes and enforcement as they continue trade negotiations with China. Wall Street remains in the positive territory following these remarks.
Key quotes (via Reuters)
- Trade representative Lighthizer will be in touch with Chinese counterparts on trade talks.
- Passing U.S.-Mexico-Canada trade deal more important in short-term than China trade deal.
- Fed is independent, has its own timeline for any U.S. interest rate decisions.