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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: 343505

Reported Deaths: 7543
CountyCasesDeaths
Hinds23932444
DeSoto23229283
Harrison20527329
Rankin15411291
Jackson15232252
Madison10959227
Lee10719179
Jones9047169
Forrest8723159
Lauderdale7884244
Lowndes7054151
Lamar702989
Lafayette6548124
Washington5595139
Pearl River5196152
Bolivar4954134
Oktibbeha494398
Panola4771112
Warren4728128
Marshall4701106
Pontotoc447773
Union433279
Monroe4330137
Neshoba4281181
Hancock428088
Lincoln4176116
Pike3667113
Leflore3627125
Tate353388
Alcorn350974
Sunflower347694
Scott341176
Adams340988
Yazoo339376
Copiah324968
Simpson322891
Itawamba314680
Coahoma314085
Tippah306568
Prentiss298863
Covington293484
Leake285475
Marion284181
Wayne277543
George272251
Grenada269488
Newton262364
Tishomingo239770
Winston236784
Jasper230648
Stone229637
Attala226373
Chickasaw219060
Holmes200174
Clay197654
Clarke186880
Tallahatchie183742
Calhoun181332
Smith179235
Yalobusha171540
Walthall145748
Lawrence142826
Greene140134
Amite137543
Noxubee135235
Perry133538
Montgomery133044
Carroll126431
Webster121232
Jefferson Davis116734
Tunica114227
Benton106725
Claiborne105331
Kemper102429
Humphreys100133
Franklin87923
Quitman84719
Choctaw82619
Wilkinson78032
Jefferson71328
Sharkey51618
Issaquena1736
Unassigned00

Alabama Coronavirus Cases

Cases: 577463

Reported Deaths: 11510
CountyCasesDeaths
Jefferson841981589
Mobile47171860
Madison37047533
Tuscaloosa26915465
Shelby26873256
Montgomery25918625
Baldwin24499328
Lee16949181
Calhoun15252332
Morgan15017290
Etowah14778370
Marshall12933235
Houston11774292
Elmore10761217
St. Clair10617252
Limestone10574158
Cullman10363205
Lauderdale10083254
DeKalb9382191
Talladega8836188
Walker7681287
Autauga7479114
Jackson7317117
Blount7266139
Colbert6635142
Coffee6163132
Dale5453117
Russell470642
Chilton4682117
Covington4649125
Franklin450081
Tallapoosa4440156
Escambia427882
Chambers3898125
Dallas3717163
Clarke367763
Marion3427106
Pike327879
Lawrence3225101
Winston294973
Bibb284565
Geneva276383
Marengo259967
Barbour246261
Pickens240062
Butler238272
Hale232778
Fayette225264
Henry209245
Monroe197241
Randolph196744
Cherokee196348
Washington180139
Macon168752
Crenshaw165558
Clay163759
Cleburne160245
Lamar149938
Lowndes144854
Wilcox130531
Bullock126142
Conecuh119630
Coosa116929
Perry109928
Sumter109032
Greene98736
Choctaw64325
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Very hot and very humid conditions linger in our area for our Saturday. However, the heat and humidity start to dwindle a bit as we go into our Sunday and beyond. As a matter of fact below normal high temperatures for this time of year.
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