Phase 1 of China-US agreement moves forward, says Kudlow

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The day after U.S. President Donald Trump said he could impose tariffs on China because of the coronavirus, White House economic adviser Larry Kudlow told CNBC that phase 1 of the trade deal with the Asian country is “moving on”. He acknowledged, however, that the decision on protectionist measures is within Trump’s purview.

In today’s issue, The Washington Post reported that officials in Washington are beginning to evaluate measures to punish Beijing because they believe that China has not acted adequately to curb the spread of covid-19.

In an apparent response to the report, Kudlow questioned in the CNBC interview the rush to impose tariffs against China.

“China has problems (with the coronavirus issue), but the president wants to negotiate with them,” he said.

The economic adviser also said that the G7, a group of which the United States is a part, is also concerned with the transparency of Chinese data on combating the pandemic.

When commenting on the situation of the activity in the USA, Kudlow reiterated that the return of the American economy will be “strong”, but that, before that, the second quarter will be harder than the first.

 

 

Phase 1 of China-US agreement moves forward, says Kudlow

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