Trump administration ‘fine’ with China’s trade deal implementation: Kudlow


August 25, 2020

WASHINGTON (Reuters) – Trump administration officials are satisfied that China is implementing the Phase 1 trade deal with the United States, following a high-level call to review progress, White House Economic Adviser Larry Kudlow said on Tuesday.

U.S. Trade Representative Robert Lighthizer is “fine” with China’s implementation so far and China is buying more farm commodities, which will aid U.S. job growth, Kudlow said on Fox News Channel. “The meeting went quite smoothly. It was a normal review meeting,” Kudlow added.

(Reporting by Katanga Johnson and David Lawder)





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Kudlow: Treasury stake in TikTok ‘unprecedented’, but not impossible


White House chief economic adviser Larry Kudlow speaks to reporters outside the West Wing of the White House, Wednesday, Aug. 12, 2020, in Washington. (AP Photo/Andrew Harnik)

OAN Newsroom
UPDATED 6:55 AM PT – Thursday, August 20, 2020

White House economic adviser Larry Kudlow said President Trump may take unprecedented steps to decouple video-sharing app TikTok from the Chinese Communist Party.

During an interview Wednesday, the adviser stated that the U.S. Treasury has not participated in a commercial acquisition of foreign companies in the past. However, the president is suggesting the Treasury could get a stake in a proposed sale of TikTok’s business in the U.S.

“I don’t know if whether that will end up being the case when the Treasury gets its bid in from potential bidders, but that president has said that,” said Kudlow. “I think he would like to deny China some of the proceeds of the TikTok sale.”

President Trump has ordered that TikTok’s U.S. operations be sold to an American company by September 15 or else the app would be outlawed in the U.S. Kudlow noted that such an unconventional proposal makes perfect sense.

“It’s not something that’s been done in the past, but that doesn’t mean it can’t be done now,” he stated. “I’ll leave it to (Treasury) Secretary (Steven) Mnuchin who will be running the books on that deal, so we’ll see.”

Meanwhile, tech companies such as Microsoft and Oracle have expressed interest in that potential purchase.

RELATED: President Trump supports Oracle’s bid for TikTok





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Kudlow says U.S. remains engaged with China over trade



FILE PHOTO: White House National Economic Council Director Larry Kudlow speaks during a “small business relief update” video conference call event with banking executives to discuss the U.S. government’s rescue program for businesses hurt by the coronavirus pandemic, in the Roosevelt Room at the White House in Washington, U.S., April 7, 2020. REUTERS/Kevin Lamarque

August 20, 2020

WASHINGTON (Reuters) – White House economic adviser Larry Kudlow on Thursday said the Trump administration remains engaged on the Phase 1 trade deal with China and is pleased with the agreement’s progress so far, especially Beijing’s purchases of U.S. commodities.

Kudlow, speaking to reporters at the White House, did not have any specific comment on when any possible upcoming trade-related talks with China would be held. Chinese officials have said discussions would be held in coming days.

(Reporting by Jeff Mason and Tim Ahmann; writing by Susan Heavey; Editing by Chizu Nomiyama)





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Kudlow says White House to focus on future growth incentives



FILE PHOTO: White House National Economic Council Director Larry Kudlow speaks during a “small business relief update” video conference call event with banking executives to discuss the U.S. government’s rescue program for businesses hurt by the coronavirus pandemic, in the Roosevelt Room at the White House in Washington, U.S., April 7, 2020. REUTERS/Kevin Lamarque/File Photo

May 1, 2020

WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Friday the Trump administration would focus on pro-growth measures and removing business barriers, as Congress deliberates the next massive coronavirus relief package.

Among the measures Kudlow said the White House would like see in the next relief package were payroll tax cuts for workers and business investment expensing and implementation of safeguards against liability to help smaller businesses.

“So, we have our own set of asks, and we’ll probably come together in a few weeks, and resume the discussions, but our emphasis, I believe, is going to be on future growth incentives,” Kudlow said in an interview with Fox News.

He said he would also like to see “regulatory handcuffs” removed from U.S. businesses.

Kudlow added that the United States was in a sort of “pause mode” for the next 20 to 30 days as it waits to see what happens with the latest tranche of financial help.

“Right now, we’re all sort of pausing and trying to figure out our positions,” Kudlow said.

(Reporting by Doina Chiacu and Daphne Psaledakis; Editing by Chizu Nomiyama and Jonathan Oatis)





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