Retail

Trump will evaluate comments before deciding on China tariffs – Kudlow


2/2
© Reuters. Top White House economic adviser Larry Kudlow speaks at the White House in Washington

2/2

By Susan Heavey and David Lawder

WASHINGTON (Reuters) – U.S. President Donald Trump will not make any decisions on his threatened tariffs on another $200 billion worth of Chinese goods before officials evaluate public comments on them, White House economic adviser Larry Kudlow said on Friday.

The U.S. Trade Representative’s office collected 5,914 individual comments on the proposed tariffs before a public comment period ended late on Thursday night.

“The president himself, we will evaluate the comments and we will make a decision regarding the $200 billion,” Kudlow said on Bloomberg Television. “We’ll make a decision on the volume, on the rate, on the timing, I don’t want to get ahead of that curve, it’s out there.”

Kudlow declined to say whether any decisions would be made on Friday.

But Kudlow, who heads the National Economic Council, told CNBC that the Trump administration was still talking with China about a number of trade issues, but so far, China had not met U.S. requests.

“We are still talking with China on a number of issues… Those talks will continue to go on. We want lower (trade) barriers across the board,” he said.

Specifically, Kudlow said, the United States was seeking “zero tariffs, zero non-tariff barriers, zero subsidies, stop the IP theft, stop the technology transfer, allow Americans to own their own companies.”

“Those have been our asks for many months and so far those asks have not been satisfied,” he said. “However hope springs eternal.”

Read More   UPDATE 3-Apple set to pull some iPhones from its German stores after Qualcomm enforces ban

Kudlow said he was mildly optimistic about trade talks with the European Union and that soybeans, beef, , and military sales were “on the board” in those negotiations.

(This story corrects date of Kudlow remarks to Friday)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.