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"I would not expect big business with China"



Larry Kudlow, director of the National Economic Council, dampened expectations regarding major breakthroughs in US-China trade negotiations next week's street "on Friday." When we talk to our negotiators, they'll likely set the stage and hopefully to return to where the talks ended last May. "

Equities equated to gains after Kudlow's comment The Dow Jones Industrial Average was just above the Flatline at 10:30 CET

A US trade delegation is scheduled to fly to China on Monday to negotiate with Chinese officials, which will be the first round of trade talks since President Donald Trump and Chinese President Xi Jinping agreed to hold talks at the G-20 summit last month China imports again, China returned its own taxes Kudlow stell stated that 90% of a business had been prepared before the collapse.

"We did well back then," Kudlow said. He added that the two sides still need to tackle important structural issues such as theft of intellectual property and forced technology transfer.

Kudlow also welcomed the strength of the US economy post-release more than projected growth data. The US economy grew 2.1

% in the second quarter, exceeding expectations.

He described the consumer as a "hero" of the US economy and noted that consumers were experiencing "explosive economic growth." He also said it was "almost a miracle" that despite the Federal Reserve's growth rates in 2018, the economy will continue to grow at this rate.

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