White House adviser Larry Kudlow holds out hope for progress in U.S.-China trade talks

Director of the National Economic Council Larry Kudlow speaks to the media at the White House, in Washington, D.C., on Sept 6, 2019.White House economic adviser Larry Kudlow held out hope on Friday for progress in opening China’s financial services markets to American companies in trade talks next week, adding the U.S. team was heading into them “open-minded.”

“Everything’s on the table, we’d love to go back to where we were in May when we were a lot closer,” Kudlow said.The Trump trade team hoped to revisit a mostly agreed text from which China had backtracked in May, which led to a breakdown in talks, he said. “I’m not giving you news. I’m just saying we had some pretty good things last spring, like financial services opening – that could be extended,” Kudlow said in a subsequent interview on Fox Business Network. “I say ‘could’ and the president would have to sign off on it, but don’t rule out the possibility of good news.”

Kudlow said an impeachment inquiry into Trump’s discussions with Ukraine by Democrats in the U.S. House of Representatives was unlikely to affect the trade talks with China.

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