Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Trump will evaluate comments before deciding on China tariffs - Kudlow

Published 07/09/2018, 16:36
Updated 07/09/2018, 16:36
© Reuters. Top White House economic adviser Larry Kudlow speaks at the White House in Washington

By Susan Heavey and David Lawder

WASHINGTON (Reuters) - U.S. President Donald Trump will not make any decisions on his threatened tariffs on another $200 billion worth of Chinese goods before officials evaluate public comments on them, White House economic adviser Larry Kudlow said on Friday.

The U.S. Trade Representative's office collected 5,914 individual comments on the proposed tariffs before a public comment period ended late on Thursday night.

"The president himself, we will evaluate the comments and we will make a decision regarding the $200 billion," Kudlow said on Bloomberg Television. "We'll make a decision on the volume, on the rate, on the timing, I don't want to get ahead of that curve, it's out there."

Kudlow declined to say whether any decisions would be made on Friday.

But Kudlow, who heads the National Economic Council, told CNBC that the Trump administration was still talking with China about a number of trade issues, but so far, China had not met U.S. requests.

"We are still talking with China on a number of issues... Those talks will continue to go on. We want lower (trade) barriers across the board," he said.

Specifically, Kudlow said, the United States was seeking "zero tariffs, zero non-tariff barriers, zero subsidies, stop the IP theft, stop the technology transfer, allow Americans to own their own companies."

"Those have been our asks for many months and so far those asks have not been satisfied," he said. "However hope springs eternal."

Kudlow said he was mildly optimistic about trade talks with the European Union and that soybeans, beef, natural gas, and military sales were "on the board" in those negotiations.

(This story corrects date of Kudlow remarks to Friday)

© Reuters. Top White House economic adviser Larry Kudlow speaks at the White House in Washington

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.