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Trump will make final call on China tariffs, likes direction of talks: Kudlow

Added 12-06-19 03:03:01pm EST - “Top White House economic adviser Larry Kudlow said on Friday that a Dec. 15 dead...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Trump will make final call on China tariffs, likes direction of talks: Kudlow”. Below is an excerpt from the article.

WASHINGTON (Reuters) - Top White House economic adviser Larry Kudlow said on Friday that a Dec. 15 deadline is still in place to impose a new round of U.S. tariffs on Chinese consumer goods, but President Donald Trump likes where trade talks with China are going.

With about a week to go before the deadline amid “intense” negotiations, Kudlow said Trump would make the final decision on the import tariffs, which would hit Chinese-made cellphones, laptop computers, toys and clothing.

“There’s no arbitrary deadline here ... but that fact remains December 15 is a very important date with respect to a no-go or go-on tariffs,” Kudlow, the director of White House’s National Economic Council, told CNBC. “It’s going to be totally up to POTUS (the U.S. president). But December 15th is an important date.”

China earlier on Friday said it will waive import tariffs for some soybeans and pork shipments from the United States, contributing to a more positive tone in financial market sentiment about the talks.

Kudlow, speaking to reporters at the White House, described the waivers as “good mood music” for the negotiations between the world’s two largest economies.

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