(Finance World) White House Economic Advisor Larry Kudlow says that the leading negotiators of Washington and Beijing were getting very close to reach a trade accord, adding US and China remain engaged in "highly constructive talk" in a bid to put an end to a 16-month-long acrimonious trade war.
Aside from that, Kudlow had signaled that an interim trade deal between the world’s first- and second-largest economies might have been imminent, saying that negotiators of both Washington and Beijing had been in close contact via telephone . . . but declined to proffer any further details on when or where a Sino-US trade agreement would be signed.
Meanwhile, taking a more strident tone over reaching a “Phase One” trade accord in near-term outlook, Kudlow said in an event at the council on Foreign Relations in Washington late on Thursday, “We’re getting close. The mood music is pretty good, and that has not always been so in these things."
Whatever the realities behind negotiations are, Kudlow’s comment appeared to have eased market concerns which had flamed up again this week following media headlines that trade talks had hit a dead end on tariffs.
