Monday, December 03, 2018
Trade negotiations between the U.S. and China will yield immediate results that will come even during the 90-day negotiation period ahead, National Economic Council Director Larry Kudlow said Monday. Tariffs on agriculture and energy products will be lowered while nontariff barriers on American ownership of companies in China also will come down, Kudlow told the Fox Business Network. In addition, Kudlow expects progress on technology transfers and intellectual property.
"Those things should kick in soon. We should see palpable change on the Chinese side immediately," he said. "I don't want to be too specific, but I think the generic answer is we will see changes very quickly. If China opens its markets as they promised to do, and they're going to do it fast according to their promises, we will increase our exports substantially for the simple reason that whether it's agriculture or industry, the U.S. is the most competitive economy in the world today" he said.
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