Larry Kudlow, President Donald Trump’s top economic adviser, said Wednesday that “it’s possible” that new tariffs on Chinese imports can be avoided.
“Nothing is set in stone right now,” Kudlow told CNBC. He said any additional tariffs would be the result of “policy talks,” not any “arbitrary timeline.”
On Monday, Bloomberg News reported the Trump administration may impose tariffs on all remaining Chinese imports in December, if November talks between Trump and Chinese President Xi Jinping don’t bring fruitful results. The U.S. has already imposed tariffs on about $250 billion of Chinese imports, with about $257 billion in goods yet to be levied.
But in a Fox News interview that aired late Monday, Trump said he thinks “we will make a great deal with China,” potentially ending the escalating trade war.
“It is possible some good, positive things could — I say could — come out of President Trump-President Xi talks. It’s possible,” Kudlow told CNBC.
Want news about Asia delivered to your inbox? Subscribe to MarketWatch’s free Asia Daily newsletter. Sign up here.