Trump's Top Economic Adviser Accuses China's President of Delaying Trade Deal


President Trump's top economic adviser Larry Kudlow, the director of the National Economic Council, is not a fan of tariffs, but he believes that President Trump is taking the correct approach the "significant trade dispute" with China.

Kudlow, director of the National Economic Council, sounded optimistic about the path of the USA economy.

Trump considers the EU's 10 percent tariff on cars to be unfair compared to the USA 2.5 percent tariff, although the United States maintains a 25 percent tariff on pickup trucks.

Earlier this month, Trump imposed 25 percent tariffs on Chinese goods valued at $34 billion, with another $16 billion set to take effect in the near future.

The economy was spurred by Trump's regulation cuts and tax cuts and the expected GDP growth around 3 percent this year "may be the beginning of the recovery", Kudlow said.

U.S. President Donald Trump has threatened further tariffs unless Beijing agrees to change its intellectual property practices and high-technology industrial subsidy plans. Xi's top economic adviser, Liu He, appears willing to move forward on a deal, said Kudlow.

European Union antitrust regulators fine Google record US$5 billion
But according to Trump's tweet, the European Union may not have the power to enforce fines like this in future. Phone makers that refused were reportedly blocked access to Google's Play app store.

Fiery stunt goes wrong on "America’s Got Talent"
Thankfully, however, the performer was okay having landed on a safety mat, and her first request was to attempt the trick again. As she and her husband embraced each other, the audience and the judges rose to their feet to give them a standing ovation.

Trump says he misspoke on Russian Federation meddling
The admission came in the White House Cabinet Room, where Trump was sitting with lawmakers for an otherwise unrelated meeting. The president also vowed to stop Russian Federation or any other country from cyber attacks on this year's midterm elections.

She reiterated that China does not want a trade war but is not afraid of one.

"The president [Trump], is so dissatisfied with China on these so called talks, that he is keeping the pressure on and I support that".

Kudlow's calls for steady or increasing growth in the coming cycle comes up against broad-market expectations of a mild downturn in 2019 and beyond, but Kudlow's job description makes it hard for President Trump's top economic mind to cast doubt on the impacts of the POTUS' economic policies.

Trump, speaking to reporters at the White House, said that European Commission President Jean-Claude Juncker's visit will discuss auto tariffs, which he cited as "the big one" among U.S. -EU trade irritants. "We don't want to be with the tariffs", he added, saying they could hurt USA companies' ability to compete around the world. "We are waiting for him".

Kudlow added that while officials in the Chinese government seem to want a deal, Chinese President Xi Jinping himself is "holding the game up". "Blame China, blame Europe". "Allow the American or British or whomever, German, full ownership of the companies operating in China".