National Economic Council Director Larry Kudlow on Sunday refuted suggestions that the Trump administration is roiling the markets with mixed messages about the U.S.-China trade dispute.
In an interview on “Fox News Sunday,” Kudlow said there’s “not much daylight between” him and trade adviser Peter Navarro.
“We are focused right now on this first 90 day increment,” Kudlow said, referring to a 90-day truce between the United States and China if progress is made in ongoing talks.
“Regarding what may happen in the future and presidential considerations, that will be up to [the president of the United States] and of course working with [China] President Xi [Jinping]. I really think that's an exaggerated point. But I understand people are looking for these issues.”
On Friday morning, Kudlow said President Donald Trump would consider extending the current truce if progress was made, sending the Dow Jones Industrial Average along with the S&P 500 to its high of the day.
But Navarro later said the president would “simply raise” tariffs on billions of dollars worth of Chinese goods if no deal is reached during the cease-fire, erasing gains for the year.
“When you piece it together, there's a lot of good things out there. And I think that sometimes … gets lost in the shuffle,” Kudlow insisted about the ongoing talks with China.
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