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US-China trade conflict could take years to resolve: Kudlow

News Service
11:22 - 7/09/2019 Saturday
Update: 11:27 - 7/09/2019 Saturday
REUTERS
Director of the National Economic Council Larry Kudlow
Director of the National Economic Council Larry Kudlow

EVERYTHING ON TABLE

He said on Fox Business Network that the September and October talks would cover all of the core issues in the dispute.

"Everything will be on the table. You can rest assured, for example, the absolute key structural issues - the IP theft, the forced transfer of technology, the cyber space, the clouds, financial services, all of that will be on the table - agriculture purchases, industrial purchases, energy purchases, getting tariff and non-tariff barriers down," Kudlow said.

While there were no precondition talks, Kudlow told Bloomberg TV that the Trump administration wants "to see results in the near term."

"When we don't see results, we take additional actions," Kudlow said. "On the other hand, if we do see results from these upcoming meetings, then progress will be made."

Trump said on Twitter that China was hurting economically from the U.S. tariffs but that the new round of talks were positive.

"'China is eating the Tariffs,'" Trump tweeted. "Billions pouring into USA. Targeted Patriot Farmers getting massive Dollars from the incoming Tariffs! Good Jobs Numbers, No Inflation(Fed). China having worst year in decades. Talks happening, good for all!"

#Larry Kudlow
#White House
#US
#China
#trade
5 years ago