05-20-2018, 09:10 PM
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l8r
Industry Role:
Join Date: Oct 2002
Posts: 13,641
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U.S. is putting new tariffs on hold while negotiating with China, Mnuchin says
Quote:
The Trump administration had proposed a cut in the deficit of $200 billion or more, and on Friday, Larry Kudlow, Trump's director of the National Economic Council, had indicated that Beijing had agreed to import "at least $200 billion" more in U.S. goods.
On Sunday, Kudlow backed away from that figure, saying that "maybe I got ahead of the curve." He also appeared to cast doubt on whether the threat of tariffs had been eased. "I don't think we're at that stage yet," he said on CBS' "Face the Nation."
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https://www.wsj.com/articles/mnuchin...ina-1526833109
Quote:
The battling statements come one day after the U.S. and China ended talks in Washington to reduce trade tensions. The talks were led by Mr. Mnuchin, but Mr. Lighthizer and Commerce Secretary Wilbur Ross were also on the U.S. negotiating team.
After two days of negotiations, the U.S. failed to get China to commit to reducing the U.S. trade deficit with China by at least $200 billion, a top U.S. goal. Mr. Mnuchin said on “Fox News Sunday” that “we have an agreement with China that they will substantially agree” to trade deficit reduction, although the statement put out by the two sides after the talks contained no specific numerical targets.
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Left hand doesn't seem to know what the right hand is doing.
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