Trump Adviser: US 'Disappointed' in China's Trade Stance

Associated Press |

WASHINGTON (AP) — The White House is warning Chinese President Xi Jinping (shee jihn-peeng) against trying to wait out President Donald Trump in the ongoing trade dispute between their countries.

The warning from National Economic Council director Larry Kudlow comes ahead of the two leaders' high-stakes sit-down Saturday in Argentina.

Kudlow says the Trump administration has been "extremely disappointed" by China's engagement in trade talks but the meeting between Trump and Xi on the sidelines of the Group of 20 summit could be a game-changer.

Kudlow adds that if the U.S. doesn't get "satisfactory" responses to its trade positions more tariffs will be imposed. Kudlow says he hopes the Chinese understand Trump is "not going away."

China's foreign ministry has said a recent phone conversation between Xi and Trump about trade and other issues was "extremely positive."

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Level Headed at World Crypto Con - Steve Beauregard

Bloq.com CRO Steve Beauregard joins Jack Brewer at World Crypto Con.

Emerging Growth

Radient Technologies Inc.

Radient Technologies Inc is engaged in research, development and commercialization of environmentally responsible technology for the extraction, isolation and purification of soluble products from a wide range of materials using…