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U.S.-China Tensions Simmer While Both Say There’s No Trade War

  • Negotiations with China have yet to be ‘fruitful’, Kudlow Says
  • China’s Commerce ministry says no recent economic, trade talks
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Kudlow discusses U.S.-China trade tensions on Friday morning.(Source: Bloomberg)
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The U.S. and China played down the prospect of a diplomatic breakthrough to resolve their escalating trade dispute as the White House considers what demands it will present to the Chinese.

Serious talks “have not really begun yet,” Larry Kudlow, head of the White House National Economic Council, told Bloomberg TV. Treasury Secretary Steven Mnuchin, in a CNBC interview later on Friday, declined to give details about contacts between the two superpowers because doing so could reveal America’s negotiating hand.