Kudlow: Trade fight with China ‘will come to a head’ at G-20 summit
Top White House economic adviser Larry Kudlow said Tuesday he expects the trade dispute between the U.S. and China to come to a head at the Group of 20 (G-20) summit.
Kudlow told reporters at the White House that there was “a lot of opposition to what the Chinese are doing, and the Chinese seem not to like it.”
“It will come to a head at the G-20 — I think that’s the key point,” Kudlow predicted, according to CNN.
Trade talks between the two economic powers ended without any agreement at the Asia-Pacific Economic Cooperation meeting over the weekend.
{mosads}The Wall Street Journal reported that emotions were high at the summit.
Chinese President Xi Jinping reportedly clashed with the U.S. on Saturday, calling on American officials to “reject arrogance and prejudice.”
The lack of progress though is in contrast with President Trump’s statements showing optimism that an agreement could be reached.
Vice President Pence, who traveled to Asia, told reporters that the president still has hope that a deal can be struck.
“President Trump believes that a [trade] deal is possible but we also believe we’re in a very strong position,” he said, according to the Journal.
The U.S. and China are in a tense trade war marked by escalating tariffs on each other’s goods.
But trade is just one of many disputes between the Trump administration and China, who are at odds over security concerns in Asia and over U.S. allegations of intellectual property theft.
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