Senior Trump administration officials will push China to address a wide range of trade irritants when they visit the Asian nation in coming days, a top economic adviser to the president said.
“It’s going to cover a broad area. All of the disputes will be discussed,” Larry Kudlow, director of the White House’s National Economic Council, said in an interview Thursday with CNBC. Kudlow said he will join a delegation that’s expected to include Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer.
Kudlow said the U.S. wants to discuss China’s unfair trading practices and “technology-related issues,” among other things. “They have barriers and tariffs. We’d like to have some market openings,” he said. “I have high hopes for this. I’m always the optimist about this.”
Experts in U.S.-China relations have expressed skepticism the trip will yield a breakthrough in the brewing trade dispute between the world’s two biggest economies. Trump has proposed tariffs on up to $150 billion in Chinese imports, while Beijing has vowed to retaliate on everything from American soybeans to airplanes.
Reference: Bloomberg
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