President Donald Trump and Chinese President Xi Jinping are likely to meet at the June G-20 summit in Japan, White House Economic Advisor Larry Kudlow said in a Fox News interview on Sunday.
Kudlow said the chances of such as meeting “were pretty good,” but he said there are “no concrete, definite plans” for when U.S. and Chinese negotiators will meet again.
Trade talks between U.S. and Chinese negotiators broke up on Friday without a trade agreement. The talks took place under the shadow of Trump’s decision to more than double the tariff rate to 25% on $200 billion of Chinese goods.
“The talks will continue,” Kudlow said. “I will say this: There is a G-20 meeting in Japan toward the end of June next month and the chances that President Trump and President Xi will get together at that meeting are pretty good.”
Trump called Friday’s negotiations “constructive” and said talks will continue while U.S. tariffs remain in place, though they could be lifted depending on how the situation progresses.
Kudlow said in a Fox News interview on Sunday that he expects China to retaliate against the U.S. Beijing threatened to take “countermeasures” against the U.S. last week, but so far it has not done so.
The White House economic advisor said China had backtracked on its commitments, which precipitated Trump’s decision to increase tariffs. He pointed to intellectual property theft and forced technology transfers as sticking points.
“Things seemed to be taking too long, and we can’t accept any backtracking,” Kudlow said. “We don’t think the Chinese have come far enough, we will wait and see.”
On Saturday, Trump warned China to “act now” on trade or risk facing a “far worse” deal during a possible second term after the 2020 presidential election.
ks55
Better don't meet up.
Why should only US dictate the terms for trade negotiation?
Put up a term of reference (framework) under which negotiation should take place.
Determine what is the desire ultimate outcome which is acceptable to both parties.
Is it to deter China from becoming world largest economy?
Is it to curtail China's new direction to achieve Made in China 2025?
Is it the sabotage the effort China made to expand sphere of influence via OBOR?
If answer is in affirmative, then start hard war straight away, starting with South China Sea, then to all overseas Chinese interest in Africa, Asia, South America and Europe.
Need not look for reason to 'escalate' tension.
If answer is negative. Then define desired outcome objectively.
Trade imbalance?
IP 'theft'?
China 'currency manipulation'?
State subsidies?
Dumping?
Espionage with 5G technology?
All could be solved if reciprocal consideration on both sides.
There is no way China to sacrifice weakening itself only to add strength to adversarial party like US.
Trade negation must be fair (as Donald Duck used to say) and appear to be fair to all parties........
2019-05-13 09:58