Economics
Kudlow Says China Shouldn’t Underestimate Trump on Trade
- China plans to send Wang to meet Treasury’s Malpass this month
- Talks broke down two months ago after president changed course
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Donald Trump’s top economic adviser welcomed China saying it will send Vice Commerce Minister Wang Shouwen to the U.S. for low-level talks in late August, while also adding that the president’s determination on trade shouldn’t be underestimated.
“It’s a good thing that they’re sending a delegation here -- we haven’t had that in quite some time,” National Economic Council Director Larry Kudlow told CNBC Thursday. “The Chinese government in its totality must not underestimate President Trump’s toughness and willingness to continue this battle to eliminate tariffs and non-tariff barriers and quotas to stop the theft of intellectual property and to stop the forced transfer of technology.”