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

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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.

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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".

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