National Economic Council Director Larry Kudlow warned Sunday that trade talks with China will resume at their “toughest” point — and “go on for quite some time.”
In an interview on “Fox News Sunday,” Kudlow touted the renewed trade negotiations, which he said were about 90% completed when they broke off in May.
“The last 10% could be the toughest and there's no guarantees that the deal will go through,” Kudlow said.
“The two teams will be getting together, tariffs will not be raised, no lifting of tariffs on the remaining $325 billion, that's an important concession by President [Donald] Trump and we also expect the Chinese… to begin large-scale purchases, imports of the U.S. agriculture products and services.”
“The rest of it is going to go on for quite some time, frankly,” he added.
Kudlow also blasted Democrats for questioning the strength of the economy in their emphasis on income inequality in the country.
“Some of these early debates in my judgment would do great, great damage to this prosperity and jobs and income and wage cycle that we are experiencing,” he said. “Somebody's got to do a little bit of fact-checking here on what some of these candidates are saying. I would simply say the economy is strong, the narrative I'm hearing from the other side just ain't so.”
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