Cooling the tough tariff and trade-war talk a bit on Sunday morning, President Donald Trump tweeted some encouragement and words of optimism for China President Xi Jinping, who Trump vows to "always be friends" with, no matter the trade "dispute."
President Trump's plan to escalate tariffs to an additional $100 billion of Chinese goods led to reciprocal action back at the U.S., but the plan all along was to negotiate, not actually rely on the tariffs, according to White House chief economic adviser Larry Kudlow.
"No tariffs have been implemented — now, they may be over time, they may be, depending on whether China wants to talk to us and negotiate" Kudlow reminded everyone amid all the bluster on Sunday's "The Cats Roundtable" on 970 AM-N.Y.
"A lot of this is going to depend on China. So far, China has not responded to President Trump on these . . . you know, they're stealing our technology, they have tall trade barriers, and they're breaking a lot of laws."
Trump's tweet and Kudlow's radio appearance came after Saturday's tweet from Trump, saying the U.S. trade imbalance with China "cannot continue."
"President Trump is right," Kudlow added to host John Catsimatidis. "We have to do this. We have to get China to change its behavior. It's been two decades, and they're still stealing our intellectual property. They're still forcing technology turnovers from our businesses to them. They still have high tariffs. They still have trade barriers. They still have market closings instead of market openings."
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