A Chinese delegation led by Vice Minister of Commerce Wang Shouwen will meet USA representatives led by Under Secretary of Treasury for International Affairs David Malpass, the Ministry of Commerce said in a statement on its website.
Numbers in consumer, small business, and large business confidence are at record highs and rising, and and Trump also deserves the credit for that as well, said Kudlow.
News of the meeting boosted the Chinese yuan and helped cap losses in China's stock markets.[CNY/][.SS]. And China has promptly hit back with tariffs on an equal amount of USA exports.
It had little effect on USA stocks, which retreated on reports Trump had disclosed classified information to Russia's foreign minister about operations in Syria, after the S&P 500 .SPX and Nasdaq Composite .IXIC hit record intraday highs.
President Trump has declared that a trade war with Beijing would be "easy to win" and that he was willing to impose tariffs on up to $500 billion of Chinese products after declaring that a trade war with Beijing...
The ministry says the Chinese delegation, led by Vice Minister of Commerce Wang Shouwen, will meet with American representatives led by U.S. Under Secretary of Treasury for International Affairs David Malpass. He continued, "Right now, their economy looks bad".
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China announced Thursday that it will send a delegation to the USA later this month for trade negotiations, after the two countries started imposing tit-for-tat tariffs on goods from each other and Washington tightened controls on investment.
"There may be some manipulation but mostly I think investors are moving out of China because they don't like the economy, and they are coming to the U.S. because they like our economy".
Trade talks will be held late August.
"All my friends who worked in the Obama administration, and I have a bunch of them, told us repeatedly we could never grow faster than 2 percent", said Kudlow. Since those talks ended, the US and China have been locked in a trade standoff as they slapped tariffs on billions of dollars of each other's goods.
"Those talks are hot, you know, they're heated and they're going rather well", said the economic adviser.