White House's Kudlow floats possible 'breakthrough' in China trade talks

White House economic adviser Larry Kudlow on Tuesday dangled the possibility of a "breakthrough" between Pre...

Posted: Nov 28, 2018 9:00 AM
Updated: Nov 28, 2018 9:00 AM

White House economic adviser Larry Kudlow on Tuesday dangled the possibility of a "breakthrough" between President Donald Trump and his Chinese counterpart on trade at their upcoming Argentina meeting -- but again said China has to blink first.

Trump and Chinese President Xi Jinping are set to meet Saturday evening for a formal dinner on the sidelines of the G20 meeting in Buenos Aires, their only scheduled meeting before January 1, when tariffs imposed by Trump on more than $200 billion in imports are set to jump to 25%.

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Kudlow said the dinner could afford the two sides a chance to "turn a new page" in their bilateral economic relationship if Xi can "step up" and present a few new ideas to the United States.

"President Xi has an opportunity to change the tone and the substance of these talks," said Kudlow. "This is a big opportunity. President Trump has indicated he's open. Now we have to know if President Xi is open."

Kudlow added that while there would be "interactions" between the two countries during the G20, any deal will be ironed out between the two leaders in real time.

"President Trump has a terrific track record as a negotiator," said Kudlow. "He will know through fact and instinct how to handle this."

That approach follows Trump's model on other high-stakes encounters, including his meeting earlier this year with North Korean dictator Kim Jong Un on denuclearization.

Trump has repeatedly made clear that he isn't satisfied with an initial offer made by the Chinese in a 142-point offer delivered in mid-November following calls between the two presidents as well as between US Treasury Secretary Steven Mnuchin and Chinese Vice-Premier Liu He.

The US President escalated tensions in a Wall Street Journal interview published Monday, telling the paper that he would consider adding import duties on all Chinese-made goods including Apple phones if a deal can't be reached with Xi.

Trump's comments sent Apple stock down Monday evening and Tuesday.

The planned dinner between the two presidents is the only formally scheduled meeting at the summit in Argentina. Kudlow said additional meetings could be added to the docket, but nothing has been planned so far.

The White House has offered few details so far on the dinner and has yet to disclose who will be attending. Kudlow suggested it would be a reasonable expectation that each president's spouse would likely join the two men, while noting that trade wouldn't be the only topic of discussion between the two leaders.

Several members of the President's cabinet will be attending the G20 summit, including Treasury Secretary Steven Mnuchin and Ambassador Robert Lighthizer, the country's top trade negotiator, along with Secretary of State Mike Pompeo and National Security Adviser John Bolton.

He declined to specify whether the two countries would issue a statement following the end of their meeting.

Plans for Chinese negotiators to come to Washington this week ahead of the Argentina summit collapsed last week amid the public exchange of increasingly pointed comments between Trump and Xi. But Kudlow said there have been "significant" preparations in the lead-up to this weekend's meeting with each leader briefed on issues and history between the two sides and armed with talking points.

"This is a big deal," said Kudlow. "We're all going to try to do the best we can."

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 308737

Reported Deaths: 7139
CountyCasesDeaths
DeSoto20901250
Hinds19953410
Harrison17551302
Rankin13358276
Jackson13141243
Madison9949211
Lee9886170
Jones8308161
Forrest7537147
Lauderdale7221237
Lowndes6286144
Lamar613284
Lafayette6063117
Washington5288133
Bolivar4775129
Oktibbeha457097
Panola4456103
Pearl River4433141
Warren4294118
Marshall4283101
Pontotoc417572
Monroe4061132
Union404675
Neshoba4001176
Lincoln3883109
Hancock373385
Leflore3470124
Sunflower330789
Tate325082
Pike3205105
Scott311272
Yazoo304769
Alcorn298865
Itawamba297477
Copiah293965
Coahoma290378
Simpson289486
Tippah285168
Prentiss276559
Marion266279
Leake261473
Wayne261441
Grenada256284
Covington254980
Adams246882
Newton245561
George238347
Winston226081
Tishomingo222467
Jasper219948
Attala213573
Chickasaw205257
Holmes186972
Clay183054
Stone179531
Clarke177576
Tallahatchie175940
Calhoun165231
Yalobusha159736
Smith159234
Walthall131043
Greene129633
Lawrence126623
Noxubee126533
Montgomery125742
Perry125238
Carroll120926
Amite120741
Webster113732
Jefferson Davis105432
Tunica103025
Claiborne101330
Benton97425
Kemper95628
Humphreys94432
Franklin82723
Quitman78916
Choctaw73717
Wilkinson64928
Jefferson64828
Sharkey49817
Issaquena1686
Unassigned00

Alabama Coronavirus Cases

Cases: 521201

Reported Deaths: 10736
CountyCasesDeaths
Jefferson753981490
Mobile39011799
Madison34002496
Tuscaloosa25329444
Montgomery23996567
Shelby23160239
Baldwin20674302
Lee15567165
Calhoun14330311
Morgan14152271
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Houston10402278
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Limestone9843147
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St. Clair9449234
Lauderdale9254228
DeKalb8756181
Talladega8104171
Walker7126275
Jackson6751110
Autauga6748103
Blount6511134
Colbert6225130
Coffee5418113
Dale4771111
Russell429338
Franklin420582
Chilton4100109
Covington4059114
Tallapoosa3904146
Escambia389574
Dallas3522149
Chambers3513122
Clarke346760
Marion3072100
Pike306176
Lawrence295395
Winston273072
Bibb256059
Marengo248261
Geneva245975
Pickens233059
Barbour226255
Hale218675
Butler212867
Fayette209460
Henry188044
Cherokee182544
Randolph177041
Monroe172440
Washington164738
Macon155548
Clay150055
Crenshaw149457
Cleburne146341
Lamar139634
Lowndes136553
Wilcox124527
Bullock121540
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Sumter103232
Coosa99428
Greene91334
Choctaw58724
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