BCN-13No breakthrough in US-China trade talks: Trump adviser





No breakthrough in US-China trade talks: Trump adviser

WASHINGTON, Jan 19, 2019 (BSS/AFP) – White House economic adviser Larry
Kudlow has played down reports of a breakthrough in US-China trade talks, but
said progress had been made.

“We’ve made some progress with China in the deputy’s meeting in Beijing,”
Larry Kudlow, director of the National Economic Council, told Fox Business.

But he added: “Nothing has been resolved, nothing on paper, no contracts.”

Recent news reports of a deal being imminent were not accurate, he said.

Bloomberg had reported earlier Friday that Beijing had offered to eliminate
its soaring trade surplus with the United States in five years.

The US sent a delegation led by Deputy Trade Representative Jeffrey Gerrish
to Beijing earlier this month, where they held talks with China’s foreign
ministry to seek ways to end their trade war.

In December, President Trump and Chinese leader Xi Jinping agreed to a
truce in their three-month trade war.

Washington suspended plans to increase tariffs on Chinese goods, to give
negotiators space to find a solution to the dispute, which has triggered
fears of a global economic slowdown.