UPDATED 1:06 PM PT – Monday, October 7, 2019
White House Economic Adviser Larry Kudlow says the U.S. and China are starting with a “clean slate” for this week’s trade talks. He told reporters that deputy level talks are underway ahead of principal level talks at the end of the week. Kudlow also said President Trump remains focused on stopping forced tech transfers and intellectual property theft.
As reports claim the two sides could agree to a series of smaller deals ahead of a long term agreement, Kudlow said the White House is “open to a number of ideas.” He then touted the strength of the U.S. economy even as the tariff battle continues with China.
“The president is defending the American economy, he will continue to defend the American economy. Now having said that, the Chinese seem to be a little more cooperative recently. They’ve been in the market buying some agriculture. We like that. The statements coming out of Beijing have been a little more positive. Seems like the mood music has improved. I again, I don’t want to predict outcomes, all of these decisions are subject to to what President Trump wants to do.”
— Larry Kudlow, Director of the National Economic Council
High level talks will begin Thursday and will be led by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin.