The Trump administration wants to see 'near term results' from U.S.-China trade talks in September and October, White House economic adviser Larry ...
WASHINGTON: The Trump administration wants to see"near term results" from U.S.-China trade talks in September and October, White House economic adviser Larry Kudlow said on Friday, but he declined to predict any outcomes or say if U.S. tariff delays were possible.
The 14-month U.S.-China trade war has escalated sharply since May, when talks broke down after Beijing backtracked on earlier commitments to make changes in law to improve intellectual property protections, curb the forced transfer of U.S. technology to Chinese firms and improve U.S. access to Chinese markets.
Kudlow told Bloomberg TV that he could not speculate on whether the September or October talks could delay a planned tariff increase on Oct. 1 to 30per cent from 25per cent on US$250 billion worth of Chinese goods."Our team would like to go back and pick up where we left off in the May talks. Whether that will be possible remains to be seen," Kudlow said."We want to see results. We would like to see results in the near term.
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