FROM EIR DAILY ALERT

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Trump and Xi Jinping May Meet To Discuss Trade at UN General Assembly or at G20

Sept. 8, 2018 (EIRNS)—White House economic adviser Larry Kudlow told Bloomberg on Sept. 7 that President Donald Trump may have a bilateral meeting with Chinese President Xi Jinping on the sidelines of this month’s United Nations General Assembly in New York, or at the November G20 meeting in Argentina. “It’s never too late to make good trade policy. But I will say this, the world trading system is broken,” Kudlow said. He further said that Trump is “dead serious” in his determination to push China to reform its trade policies, Bloomberg reported.

Kudlow’s comments came in the context of President Trump’s remarks on Air Force One yesterday saying that his administration could act on the next $200 billion in trade tariffs against China “very soon, depending on what happens,” and that “I hate to do this, but behind that there is another $267 billion ready to go on short notice if I want.” Kudlow commented that the U.S. wants to build a “coalition of the willing” to pressure China, including the EU, Japan and others. “The Chinese, you know, may find themselves more isolated if they don’t come into the global process.” White House Deputy Press Secretary Lindsay Walters said that no final decision has been made yet about the next round of tariffs.

Bloomberg reported about a possible Xi-Trump meeting, that “Kudlow’s comments indicated the U.S. is looking for a deal with China to end the trade war between the world’s two biggest economies.”