Economics
U.S., China Push Time-to-Talk Message as Trade Tensions Rise
- White House’s Kudlow says there’s time to stave off tariffs
- Stocks reverse losses after falling sharply in early trading
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The U.S. and China indicated they’re willing to negotiate on escalating frictions, helping to ease fears among investors that a tit-for-tat trade dispute could derail the strongest global expansion in years.
The White House’s National Economic Council Director Larry Kudlow spent much of the day Wednesday trying to calm markets after the two countries announced tariffs, and said they still have time work out their differences.