White House economic advisor Larry Kudlow told CNBC that despite recent intensifications in US-China tensions, “the reality is we would like to negotiate”. He reiterated that “we’re planning for the Chinese team to come here in September. Things could change with respect to the tariffs.”
Regarding Trump’s series of aggressive tweets against China, Kudlow said “in the course of his tweets and his conversations with the trade team, he would like to continue negotiations”. And, “He would like to make a deal. It has to be the right deal for the United States. We would much prefer a commercial transaction.”
Additionally, Kudlow saw clear advantage over china as tariffs burden “is falling almost 100% on China.” “The American economy is in great shape. It’s booming, there is no inflation,” Kudlow said. “We’re in terrific shape. The Chinese, regrettably, are not.”
