Kudlow Says U.S. and China Are Holding ‘Back-Channel’ Trade Talks
- U.S. stocks slumped after Trump announced more tariff threats
- Trump economic adviser says U.S. not in trade war with China
This article is for subscribers only.
President Donald Trump’s top economic adviser said the U.S. and China are holding “back-channel discussions” to resolve an escalating trade dispute that has unsettled global financial markets.
“There are all kinds of back-channel discussions going on,” Larry Kudlow, director of the National Economic Council, told reporters at the White House on Friday. He insisted that the U.S. and China are not in a trade war.