National Economic Council Director Larry Kudlow said Friday the strength of the U.S. economy gives it the upper hand over China as the two countries try to iron out a trade deal.
"China's economy is slumping and has been for quite some time. The U.S. economy, as I say, is in this prosperity cycle with no end in sight," Kudlow told CNBC's "Squawk on the Street." "So we believe that does give us some leverage, if you will."
His comments come after the U.S. government released first-quarter GDP numbers earlier in the day.
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