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U.S. plans in-person China trade talks next month: White House adviser

EconomyAug 22, 2019 07:12PM ET
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© Reuters. Larry Kudlow speaks with reporters outside the White House

WASHINGTON (Reuters) - The Trump administration is still planning for a round of in-person talks between U.S. and Chinese officials in September after a constructive exchange this week between deputy-level negotiators, White House economic adviser Larry Kudlow said on Thursday.

Kudlow also said trade talks underway between Japanese Economy Minister Toshimitsu Motegi and U.S. Trade Representative Robert Lighthizer were yielding pretty good progress on agriculture and telecoms issues.

"The deputies' call [with Chinese officials] was quite constructive and this may lead to a meeting of the principals here in Washington, D.C.," Kudlow said, referring to a teleconference involving deputy-level officials on Wednesday.

He added that the deputies had agreed to another conference call and were working through some of the key issues to make recommendations to the principals.

"We are still planning for the Chinese team to come over here in September," Kudlow said, declining to name a date.

The United States and China have been locked in a heated months-long trade dispute with tit-for-tat tariffs that have roiled markets and weighed on growth.

Earlier this month, Trump backed off a Sept. 1 deadline for imposing tariffs on thousands of Chinese imports and officials in Beijing and Washington announced renewed trade discussions.

But little progress has been seen after trade talks between the world's top economies broke down in May. Some economists now fear the trade war with China could spur a U.S. recession, hurting Trump's reelection chances in 2020.

Kudlow dismissed fears of a downturn, noting "We don't anticipate anything but a solid strong economy." He also called talks with Japan a "very good story."

But Japan's Motegi on Wednesday noted there were still gaps that needed to be filled before Tokyo and Washington could agree on a bilateral trade deal and that negotiations with his U.S. counterpart were "very tough."

U.S. plans in-person China trade talks next month: White House adviser
 

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Comments (5)
Jason Zou
Jason Zou Aug 22, 2019 8:36PM ET
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Good timing before Powell’s speech tomorrow. Nervous act.
Matthew NT
MatthewBT Aug 22, 2019 8:35PM ET
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...Kudlow called talks with Japan a "very good story." ... That sums up Trump & the gang modus operandi... making up stories to drive market up & down, making huge money for themselves. The bigger the news, the better. Profit from manufacturing & manipulating "crisis".
David David
David9 Aug 22, 2019 7:33PM ET
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I tell you all straight up, man to man, we are already in recession but we don't even know it yet. When we look back, we will see recession when US puts on the tarriffs on China.
James Pattison
James Pattison Aug 22, 2019 7:33PM ET
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China doesnt need the USA. We can just trade woth russia commrade to commrade... we should impose huge tariffs on US and laugh
Bade Sahib
Bade Sahib Aug 22, 2019 7:33PM ET
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Yes do that russia 80 million people hardly any cosumer spending u are as smart as a Communist can be
Steven Chen
Gamer_LG Aug 22, 2019 6:51PM ET
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say positive things hoping stock market would pump but then... still have 9/1 tariff in place where China declared retaliation is certain. lol which is it really...
Oliver Rios
orios01 Aug 22, 2019 6:51PM ET
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all depends if Powell plays ball. if he doesn't expect trump to respond and ramp things up again
Steven Chen
Gamer_LG Aug 22, 2019 6:51PM ET
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I guess that depends if fed wants to get into politics.
Oliver Rios
orios01 Aug 22, 2019 6:35PM ET
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lol you gotta be kidding.
 
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