백악관 경제위원장, “미중 무역 협상에 진전…타결에 낙관”
The U.S. and China have been trying to hammer out a deal to end their trade war.
They've postponed a deadline after which, without a deal, there would have been more tariffs.
Over the weekend, both sides were sounding optimistic, as our Kim Hyesung reports.
White House economic adviser Larry Kudlow insists the Trump administration is making headway in its trade negotiations with China.
In an interview with Fox News on Sunday,... Kudlow said he remains bullish on the prospect of a U.S.-China trade deal being finalized sometime in April, brushing off reports suggesting lower prospects for a deal and push back from Beijing.
Kudlow also downplayed a report that Chinese President Xi Jinping canceled plans to meet President Trump at Mar-a-Lago in Florida, saying there can't be a cancellation of something that wasn't scheduled.
Washington and Beijing have been locked in an escalating trade war for months, levying billions of dollars in tit-for-tat duties on each other's products.
Following high level talks in Washington late last month,... the two sides agreed to delay a March 1st deadline to impose additional tariffs on Chinese goods....and have been hammering out a trade deal that addresses market access, tech transfers and intellectual property rights.
Over the weekend, the Governor of the People's Bank of China, Yi Gang, who has been part of the trade talks, said the U.S. and China have reached consensus on many crucial issues, including currency.
"China will absolutely not use the exchange rate to boost its exports, nor will the country use exchange rates as a tool in trade frictions, which we have promised not to do."
China's Commerce Minister Wang Shouwen also said... the two sides are working day and night to reach a compromise.
While striking an optimistic tone,... he said any deal achieved must be equal and fair... and all tariffs must be removed by both sides.
Experts say how the two sides agree on tech transfers and make the deal enforceable will be key.
Kim Hyesung, Arirang News.
The U.S. and China have been trying to hammer out a deal to end their trade war.
They've postponed a deadline after which, without a deal, there would have been more tariffs.
Over the weekend, both sides were sounding optimistic, as our Kim Hyesung reports.
White House economic adviser Larry Kudlow insists the Trump administration is making headway in its trade negotiations with China.
In an interview with Fox News on Sunday,... Kudlow said he remains bullish on the prospect of a U.S.-China trade deal being finalized sometime in April, brushing off reports suggesting lower prospects for a deal and push back from Beijing.
Kudlow also downplayed a report that Chinese President Xi Jinping canceled plans to meet President Trump at Mar-a-Lago in Florida, saying there can't be a cancellation of something that wasn't scheduled.
Washington and Beijing have been locked in an escalating trade war for months, levying billions of dollars in tit-for-tat duties on each other's products.
Following high level talks in Washington late last month,... the two sides agreed to delay a March 1st deadline to impose additional tariffs on Chinese goods....and have been hammering out a trade deal that addresses market access, tech transfers and intellectual property rights.
Over the weekend, the Governor of the People's Bank of China, Yi Gang, who has been part of the trade talks, said the U.S. and China have reached consensus on many crucial issues, including currency.
"China will absolutely not use the exchange rate to boost its exports, nor will the country use exchange rates as a tool in trade frictions, which we have promised not to do."
China's Commerce Minister Wang Shouwen also said... the two sides are working day and night to reach a compromise.
While striking an optimistic tone,... he said any deal achieved must be equal and fair... and all tariffs must be removed by both sides.
Experts say how the two sides agree on tech transfers and make the deal enforceable will be key.
Kim Hyesung, Arirang News.
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