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Thursday, February 28, 2019

Larry Kudlow says US-China trade deal talks made 'fantastic' progress last week

National Economic Council Director Larry Kudlow spoke with CNBC's "Squawk on the Street" on Thursday.

Kudlow's comments follow testimony from Robert Lighthizer, the U.S. trade representative. Lighthizer told members of the House Ways and Means Committee that China needed to do more than just buy more U.S. goods for the two countries to strike a permanent trade deal. But Lighthizer said after the testimony, according to The Wall Street Journal, that formal steps would be taken to abandon plans of raising tariffs on Chinese goods.

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