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Mon Dec 3, 2018, 10:57 PM

China Blinks, Promises U.S. Trade Changes Immediately

https://www.breitbart.com/politics/2018/12/03/larry-kudlow-china-promises-u-s-trade-changes-immediately/
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National Economic Council Director Larry Kudlow announced Monday that during the G20 summit, the Chinese promised to make trade changes “immediately.”

Kudlow told Breitbart News on a Monday press call that the timeline for this round of U.S.-China trade negotiations is going to move fast. He stressed that the credibility of the current discussion between the two nations will hinge on rapid movement. This is something the two sides discussed specifically at last week’s G20 Argentina meetings, including the meeting involving President Donald Trump and Chinese President Xi Jinping. He did not give a definitive timeline aside from indicating rapid movement.

“This is new,” though, Kudlow emphasized. He defined these new communications as “broader and more detailed.” The two sides were communicating in the weeks leading up to the G20. Kudlow said there were “no promises but covered more ground than anything we’ve seen before.” He added that the Chinese put more on the table than the U.S. side had seen before.

Kudlow said he pressed China on its promise to make changes to tariff and non-tariff barriers “immediately.” The Chinese responded identifying Monday as its target. He said this commitment involved top deputies, and the U.S. team had never heard this level of commitment before. “We’ll see,” Kudlow said.
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Thank God for Trump! No one else could have brought about changes like this.

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