Larry Kudlow: China deal 'close' as Beijing cuts some tariffs

Larry Kudlow: China deal 'close' as Beijing cuts some tariffs

Larry Kudlow: China deal 'close' as Beijing cuts some tariffs

If a deal like that can not be reached, however, President Trump is determined to "defend America and to defend the American economy and defend the American worker, the farmer, the technology person", Kudlow said. That's despite the fact that Mr Trump's strategy in trade talks has always been to downplay his desire for a deal and slow-walk a negotiating partner. "I'm not going to make a deal that's not going to be great for our country".

"But if the stock market goes up and down, I don't watch the stock market, I watch jobs", Trump said, contradicting the numerous tweets he has sent out when stock markets have set new highs.

A person familiar with the Chinese government's stance on the trade negotiations told Reuters the phase one trade deal could be in jeopardy if the House bill on Uighurs becomes law.

Both sides are maintaining close communication, Mr Gao Feng, spokesman at the ministry, told reporters.

"There are several potential reads of these remarks; the first of which would simply be to take them at face value and assume the trade war will be a semi-permanent facet of global commerce throughout next year", Lyngen added. Ahead of the opening bell, futures were pointing to a higher open but comments from President Trump in London at a North Atlantic Treaty Organisation conference put the markets on its heels.

The French tax imposes a 3% tax on revenues tech companies generate in France, including targeted advertising and digital marketplaces.

Kudlow was guarded in discussing the tariff round due to hit around Dollars 160 billion in Chinese imports - including popular consumer items like mobile phones - beginning December 15.

"Look, I'm not in love with those companies - Facebook and Google and all of them, Twitter". "But they're our companies, they're American companies". He replied: "Because I don't think they're stepping up to the level that I want". The U.S. president has joined other world leaders in the U.K.'s capital city to mark the 70th anniversary of North Atlantic Treaty Organisation.

The Dow Jones fell 300 points after Trump's comments. The Nasdaq closed down 1% on Monday. Still, Trump could end up postponing the tariffs, as he did in October, to allow more time for negotiations.

On Dec. 2, Trump reinstated tariffs on steel and aluminum from Brazil and Argentina in response to recent currency devaluation in those countries, which were negatively impacting American farmers, he said.

Analysts say China's response to passage of the Uighur bill could be stronger than its reaction to the USA law supporting Hong Kong protesters.

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