Economically ice age between China and the United States. At the G20 summit in Japan in June, US President, Trump and China’s leader Xi Jinping will meet again. If the Situation is relaxed, it remains to be seen.
Larry Kudlow, an economic Advisor in the White house
The chances are that Trump and Xi will meet during the summit at the end of June in Japan, are “probably pretty good,” said Trumps economic adviser, Larry Kudlow (article image).
Kudlow made in the Interview with the television channel Fox News, clearly, that the USA were willing to reach an agreement. Nevertheless, Kudlow said that there would be further talks. The process was not yet complete. A Back it will not give but, according to Kudlow.
What is the future of the negotiations with China, Kudlow said that China, US Treasury Secretary, Steven Mnuchin, and the US trade representative have invited Robert Lighthizer to Beijing, although there is as yet no concrete plans.
The US President where it’s at?
The US President had ordered last Friday, no new tariffs on Chinese imports to the value of $ 200 billion. The existing duties were increased from ten to 25 percent. Now tighter Trump, once again, the tone in the trade dispute in the direction of Beijing. It would be wise if China were to act now. “You know that I’m going to win. The Deal will be much worse if he has to be in my second term”, sounded the Trump via Twitter.
Restraint on the country – criticism from experts
In the USA, opinions are divided about trump’s trade policy. While his supporters praise him as a tough negotiator in dealing with China, experts also on the side of the Republicans and the harm that could cause the customs policy of the President. Republican Senator Rand Paul even feared a Drift in a recession. The resist consultants Kudlow speaks: The damage to the U.S. economy will be far lower than predicted. There is a risk that you should take.
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