Kudlow says China may find itself more isolated if trade talks with US fail

Larry Kudlow, the White House's top economic advisor, said China may feel more isolated if trade talks with the U.S. fail.

Kudlow shared his views on the economy and the jobs report on CNBC's "Squawk on the Street" Friday. "I think the Chinese, you know, may find themselves more isolated if they don't come into the global process and if they don't provide new information and begin to say yes to the asks of President Trump."

The U.S. is continuing to try to work with China to lower trade barriers. "They've got to show some action," Kudlow said.

He added that the biggest story in 2018 is the economic boom "virtually no one thought possible." On Friday, the government said the economy added 201,000 jobs in August, beating expectations. The unemployment rate was 3.9 percent, slightly higher than the 3.8 percent expected.

Economists expected 191,000 jobs to be added in August, which is a typically slow month.

This is a breaking news story. Check back for updates.

Let's block ads! (Why?)

from Top News & Analysis https://ift.tt/2M7T3ZC
via IFTTT