FROM EIR DAILY ALERT

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Larry Kudlow Denies Any Cancellation of China Trade Talks

Jan. 23, 2019 (EIRNS)—The City of London’s Financial Times reported yesterday that the U.S. had turned down a request from Beijing to hold another round of deputy-level trade talks this week, prior to the planned high-level Jan. 30-31 talks in Washington. Based on the report, the stock market reportedly “swooned,” as the Washington Post put it, but went up again following clarifying remarks by Larry Kudlow, director of the National Economic Council.

In an interview with CNBC, Kudlow denied that such a meeting was ever planned. “There was no cancellation,” he said, explaining that “there were no other intermediate meetings scheduled.” He went on to say that the Jan. 30-31 meetings with China’s Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steve Mnuchin are “very, very important and “determinative.” He also stressed that President Donald Trump is looking forward to settling the trade dispute with China.