SEVERE WX : Severe Thunderstorm Watch - Severe Thunderstorm Warning View Alerts

White House's Kudlow floats possible 'breakthrough' in China trade talks

White House economic adviser Larry Kudlow on Tuesday dangled the possibility of a "breakthrough" between Pre...

Posted: Nov 28, 2018 9:00 AM
Updated: Nov 28, 2018 9:00 AM

White House economic adviser Larry Kudlow on Tuesday dangled the possibility of a "breakthrough" between President Donald Trump and his Chinese counterpart on trade at their upcoming Argentina meeting -- but again said China has to blink first.

Trump and Chinese President Xi Jinping are set to meet Saturday evening for a formal dinner on the sidelines of the G20 meeting in Buenos Aires, their only scheduled meeting before January 1, when tariffs imposed by Trump on more than $200 billion in imports are set to jump to 25%.

Asia

Business, economy and trade

China

Continents and regions

Donald Trump

East Asia

Government and public administration

Government bodies and offices

International trade

Larry Kudlow

Political Figures - Intl

Political Figures - US

Politics

Trade and development

US federal government

White House

Xi Jinping

Kudlow said the dinner could afford the two sides a chance to "turn a new page" in their bilateral economic relationship if Xi can "step up" and present a few new ideas to the United States.

"President Xi has an opportunity to change the tone and the substance of these talks," said Kudlow. "This is a big opportunity. President Trump has indicated he's open. Now we have to know if President Xi is open."

Kudlow added that while there would be "interactions" between the two countries during the G20, any deal will be ironed out between the two leaders in real time.

"President Trump has a terrific track record as a negotiator," said Kudlow. "He will know through fact and instinct how to handle this."

That approach follows Trump's model on other high-stakes encounters, including his meeting earlier this year with North Korean dictator Kim Jong Un on denuclearization.

Trump has repeatedly made clear that he isn't satisfied with an initial offer made by the Chinese in a 142-point offer delivered in mid-November following calls between the two presidents as well as between US Treasury Secretary Steven Mnuchin and Chinese Vice-Premier Liu He.

The US President escalated tensions in a Wall Street Journal interview published Monday, telling the paper that he would consider adding import duties on all Chinese-made goods including Apple phones if a deal can't be reached with Xi.

Trump's comments sent Apple stock down Monday evening and Tuesday.

The planned dinner between the two presidents is the only formally scheduled meeting at the summit in Argentina. Kudlow said additional meetings could be added to the docket, but nothing has been planned so far.

The White House has offered few details so far on the dinner and has yet to disclose who will be attending. Kudlow suggested it would be a reasonable expectation that each president's spouse would likely join the two men, while noting that trade wouldn't be the only topic of discussion between the two leaders.

Several members of the President's cabinet will be attending the G20 summit, including Treasury Secretary Steven Mnuchin and Ambassador Robert Lighthizer, the country's top trade negotiator, along with Secretary of State Mike Pompeo and National Security Adviser John Bolton.

He declined to specify whether the two countries would issue a statement following the end of their meeting.

Plans for Chinese negotiators to come to Washington this week ahead of the Argentina summit collapsed last week amid the public exchange of increasingly pointed comments between Trump and Xi. But Kudlow said there have been "significant" preparations in the lead-up to this weekend's meeting with each leader briefed on issues and history between the two sides and armed with talking points.

"This is a big deal," said Kudlow. "We're all going to try to do the best we can."

Minnesota Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 26273

Reported Deaths: 1126
CountyConfirmedDeaths
Hennepin8867641
Ramsey3252140
Stearns205014
Nobles15625
Anoka148878
Dakota141464
Washington68034
Olmsted67211
Kandiyohi5111
Rice4833
Scott4602
Clay44129
Mower4062
Wright3392
Todd3361
Sherburne2482
Carver2322
Benton1823
Steele1670
Blue Earth1480
Freeborn1420
Martin1325
St. Louis11814
Pine930
Nicollet8811
Lyon811
Winona8015
Cottonwood790
Watonwan780
Crow Wing774
Unassigned7511
Carlton750
Otter Tail730
Goodhue715
Chisago641
Polk612
Itasca5610
Dodge530
Chippewa521
Morrison480
Le Sueur461
Meeker460
Douglas450
Becker430
Jackson420
Murray400
McLeod390
Isanti360
Waseca270
Pennington230
Rock230
Mille Lacs231
Faribault200
Swift190
Beltrami180
Wabasha180
Fillmore171
Sibley160
Brown162
Norman150
Pipestone120
Marshall120
Kanabec121
Wilkin113
Cass112
Aitkin110
Wadena100
Pope100
Koochiching90
Big Stone80
Redwood70
Renville70
Mahnomen61
Lincoln60
Yellow Medicine60
Grant40
Traverse40
Red Lake40
Lac qui Parle30
Clearwater30
Roseau30
Hubbard30
Houston20
Kittson10
Lake10
Stevens10

Iowa Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 20767

Reported Deaths: 583
CountyConfirmedDeaths
Polk4541137
Woodbury283737
Black Hawk177548
Buena Vista9971
Linn97179
Dallas94025
Marshall91218
Wapello62814
Johnson6189
Muscatine56541
Crawford5472
Tama41029
Scott38010
Dubuque35521
Louisa34911
Pottawattamie31110
Sioux2980
Jasper26917
Wright2120
Washington1958
Warren1661
Plymouth1462
Story1261
Allamakee1204
Mahaska9912
Poweshiek928
Henry722
Bremer706
Boone700
Des Moines671
Clarke660
Clinton651
Taylor640
Webster621
Hamilton610
Guthrie543
Cedar491
Benton431
Monroe415
Shelby370
Cherokee370
Jones370
Jefferson350
Marion350
Osceola340
Clayton343
Cerro Gordo331
Iowa330
Dickinson330
Buchanan330
Madison292
Lee290
Fayette280
Sac280
Davis280
Harrison260
Monona250
Clay250
Lyon240
Winneshiek240
Emmet240
Lucas222
Hardin210
Grundy200
Mills200
Delaware191
Humboldt191
Floyd191
Franklin170
Appanoose173
Hancock160
Butler161
Ida150
Greene150
Pocahontas150
Page140
Kossuth140
Keokuk140
Audubon131
Jackson130
Carroll130
Chickasaw130
Howard120
Cass120
Winnebago110
Montgomery91
Adair90
Union90
Van Buren90
Adams70
Palo Alto70
Calhoun60
Ringgold40
Mitchell40
Fremont40
Worth30
Wayne10
Decatur10
Unassigned00
Rochester
Overcast
66° wxIcon
Hi: 87° Lo: 64°
Feels Like: 66°
Mason City
Broken Clouds
66° wxIcon
Hi: 91° Lo: 66°
Feels Like: 66°
Albert Lea
Scattered Clouds
66° wxIcon
Hi: 87° Lo: 64°
Feels Like: 66°
Austin
Broken Clouds
70° wxIcon
Hi: 89° Lo: 66°
Feels Like: 70°
Charles City
Overcast
70° wxIcon
Hi: 89° Lo: 66°
Feels Like: 70°
Another round of severe weather tonight
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Covid-19 Cases on the Rise

Image

Becoming a better ally

Image

Giving your best

Image

Coronavirus attacking your blood vessels?

Image

Young Protester's impact on police reform

Image

How important are school resource officers?

Image

bri first at 4

Image

Graffiti on Rochester trail

Image

Expedited breast cancer treatment

Image

Stock market makes a comeback

Community Events