US National Economic Council Director, Larry Kudlow, has denied that the US and China are on the verge of reaching an agreement to end their trade dispute, despite a report by Bloomberg that US President Donald Trump asked his cabinet to draft terms ahead of a meeting with Chinese President Xi Jinping at the G20 summit in Argentina this month. The White House did not immediately respond to requests for comment from Reuters. He also said the President could impose further tariffs on Chinese imports if talks don't go well.
US National Economic Council Director, Larry Kudlow, has denied that the US and China are on the verge of reaching an agreement to end their trade dispute, despite a report by Bloomberg that US President Donald Trump asked his cabinet to draft terms ahead of a meeting with Chinese President Xi Jinping at the G20 summit in Argentina this month. Speaking to CNBC, Kudlow denied that Trump made the request, and added that he was less optimistic than before for such an agreement. He also said the President could impose further tariffs on Chinese imports if talks don't go well.