White House aide Larry Kudlow soothes concerns by labelling process as ongoing, while making it clear that the US is unwilling to settle
US President Donald Trump and China's President Xi Jinping meet at the Great Hall of the People in Beijing, China, November 9 2017. Picture: REUTERS/DAMIER SOGOLJUS President Donald Trump and China’s Xi Jinping could meet on the sidelines of the G20 summit in June to hash out their differences on trade, but no new talks are scheduled, White House economic adviser Larry Kudlow said on Sunday.
The chances of Trump and Xi meeting during the Group of 20 summit in Japan in late June “are probably pretty good”, the top White House aide said.Trump had accused Beijing of reneging on its commitments in trade talks and ordered new punitive duties, which took effect on Friday, on $200bn worth of Chinese imports, raising them to 25% from 10%.
In his own comments on Saturday, Trump struck a more belligerent tone, urging China that it would be “wise for them to act now”. Kudlow said he believes any damage to the US economy would be far less than predicted, and that it is a risk “we should and can take”.
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