Sino-US trade spat could take years to resolve: White House advisor Kudlow


by   |  VIEW 280
Sino-US trade spat could take years to resolve: White House advisor Kudlow

On Friday, the 6th of September 2019, White House economic adviser, Larry Kudlow said that the United States had been looking to a near-term resolution of its year-long trade disputes with China as early as between September and October, while Kudlow had also warned that a resolution of Sino-US trade spat might take years to resolve in context of an additional tariff on each other’s product.

On top of that, speaking to the reporters outside White House on Friday (September 6th), Kudlow had been quoted saying that although trade negotiators of Washington and Beijing had been in talks for about 18 months on intellectual property and trade issue, given the significance of issues at stake, negotiations could linger and hinge around for a longer period.

Meanwhile, drawing Sino-US trade spat parallel to the US-Soviet Union cold war, Kudlow said on Friday (Sept. 6th), “A deal of this size and scope and central global importance, I don’t think 18 months is a very long time.

The stakes are so high, we have to get it right, and if that takes a decade, so be it. ” Nonetheless, while being asked about a specific timeframe to reach a decipherable resolution of the trade spat, Kudlow declined to comment, but confirmed a high-level talk between Chinese and US negotiators by next month.