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Home / US / The White House corrects Kudlow. China's trade talks must be completed by March

The White House corrects Kudlow. China's trade talks must be completed by March



D The White House press service said late Monday afternoon that the agreed deadline for a new round of trade talks with China was 90 days after December 1, and a previous statement by business advisor Larry Kudlow corrected The Window started on January 1st.

The Press Office sent out a revised log of Kudlow's earlier comments, which were circulated several hours after their call with reporters and distributed by the press. The Trump administration has said that the 90-day period will allow trade talks between the two countries to continue, and that Trump will eventually raise existing tariffs if China fails to meet US demands.

"Well, in raising the tariffs, the President said 90 days from January 1

, and then it will go – the 10 to 25 will come into force. That's his – that's the policy," Kudlow said the reporters earlier in the day.

The announcement shortens the time for the administration and China to reach a deal, shortening one month of negotiation time.

The deal that President Trump had made with Chinese President Xi Jinping on Saturday night at the G-20 summit in Argentina closed the temporary suspension of tariffs on US $ 200 billion for Chinese goods from 10 percent to 25 In January, China entered into agreements to purchase an estimated $ 1.2 trillion, the government said.

After the deal on Saturday, the White House made a statement that night, saying, "Both parties agree that they will endeavor to complete this transaction within the next 90 days, if this is not the case after this deadline the parties can not do this. To reach an agreement, the 10 percent tariffs will be raised to 25 percent. "The White House's clarification means that the clock started when the deal was reached.

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