The head of the White house Donald trump said that he expects to conclude trade deals between the USA and China. "As the president said, we would like to talk to them about it, but they may not be ready".
Kudlow said on CNBC that the meeting agenda between Trump and Chinese President Xi Jinping at the end of November in Buenos Aires has not yet been worked out, but "we may have a very good meeting in Argentina with President Xi".
"We've had a very good discussions with China, we're getting much closer to doing something", President Trump said before departing the White House for a campaign event.
With these comments, Trump reacted to rumors that he would actually sign a trade agreement with China at the G20 summit. 1 summit of industrial and emerging market nations.
President Trump said a deal with China would also be good for Beijing.
The Trump-Xi meeting would be the first since the two countries began hitting each other with import taxes earlier this year.
BOTH the USA and China have sought to portray the personal relations between the two leaders as a source of stability in the relationship, and they have refrained from direct criticism of each other. "They are very willing to make a deal", said trump. After their last publicly reported phone call in May, Trump rekindled trade talks by easing sanctions on Chinese telecom equipment maker ZTE Corp., only for negotiations to break down days later.
Kudlow said there was no specific trigger point for a decision to impose more tariffs on Chinese goods.
The Trump administration on Monday took action to cut off a Chinese state-backed semiconductor maker from USA exports of components, software and technology goods. That will be led by the agency's National Security Division head, John Demers, and will increase the use of Justice Department tools to counter China's activities, the official said.
"Both leaders attach great importance to China-U.S. ties and economic ties", Lu said.