China: Blaming Xi for USA trade war is ‘shocking’

Workers build bed frames at the Hollywood Bed Frame Company factory in Commerce Calif

Hua Chunying said the U.S. policies will not resolve the trade dispute.

During an interview with CNBC's Jim Cramer at the Delivering Alpha conference, Kudlow said that while other Chinese officials - including China's top economic official, Vice Premier Liu He - are open to a deal to ease tensions and reduce tariffs, Xi is holding up progress.

In an interview with CNBC Wednesday, Kudlow seemed optimistic for the USA economy despite the current trade war.

The National Economic Council Director said that President Trump's formula of tax cuts, deregulation, and other reforms - despite Wall Street fears over inflation, tariffs and a possible global trade war will keep the nation's economic growth strong for some time to come.

Kudlow on Wednesday implied Jinping is refusing to heed Trump's calls to alter China's technology transfer and other trade policies.

Larry Kudlow, who heads the White House Economic Council, said separately at an investment forum in NY that he has been told that Juncker would be "bringing a very important free trade offer" to Trump on his visit.

Mr. Kudlow said the current administration is trying to pull America out of the "growth recession" it has been mired in since at least the Y 2008 financial crisis.


"We are waiting for [Jinping]", Kudlow said.

China could end USA tariffs "this afternoon by providing a more satisfactory approach" and taking steps that other countries are also calling for, he said.

Trump considers the EU's 10 percent tariff on cars to be unfair compared to the US 2.5 percent tariff, although the United States maintains a 25 percent tariff on pickup trucks. "The ball is in his court".

US President Donald Trump has threatened further tariffs unless Beijing agrees to change its intellectual property practices and high-technology industrial subsidy plans.

China hasn't "responded at all, not one basis point, to our request to do something about the theft of intellectual property and the forced divestiture of our technology", said Kudlow.

Kudlow, a longtime advocate for a free market, said that while he generally opposes tariffs, something needed to be done about worldwide trade.

He said Juncker would bring a trade offer to Trump next week, but did not provide further details.

Related News:



Most liked

Police 'identify' Salisbury poisoning culprits
Although police said there was no suggestion that the couple had been deliberately targeted, a murder investigation was launched. The woman who died after the novichok poisoning in Amesbury suffered damage to her hands and face, Sky News understands.

Blue Origin’s New Shepard Rocket Aces Important Test
Jeff Bezos' private spaceflight company Blue Origin has test launched their New Shepard rocket for the ninth time on Wednesday. Cornell, during the launch webcast, said launching humans could begin "hopefully after a couple more tests".

India Determined To Save The Iran Nuclear Deal: Iranian Officials
The meeting assumed significance even as it took place ahead of the first set of U.S.' sanctions on Iran, kicking in on August 6. However, many of them left again due to the latest sanctions threat by the USA government.

'Look out!': Tiger Woods smashes ball into British Open fans
He left it well short, behind a bunker, and had to play a pitch over the top of the bunker and onto the green. Fleetwood shot a 63 at Carnoustie a year ago in the Dunhill Links, but that was a European Tour event.

Multiple Men Indicted In XXXTentacion Murder, Late Rapper's Mom Reacts
Police also found cell phone data on Boatwright's phone indicating it was near the motorcycle shop at the time of the killing. Several rappers took to social media to mourn the rising rapper's death last month, including Big Sean and Kanye West .

Russian Federation 'open' to Vladimir Putin visiting Donald Trump at White House
He said that "concrete proposals were made on how to resolve this issue", but did not describe them. It was Congress' first formal rebuke of Trump's actions at the summit and in its aftermath.

Philly trades Richaun Holmes to Suns for cash considerations
The 76ers opened space for Bolden by moving forward Richaun Holmes to the Phoenix Suns for cash considerations. Bolden, 22, was drafted 36th overall by Philadelphia in 2017 and stashed away at Maccabi Tel Aviv last season.

Liverpool's Mohamed Salah sent Alisson text messages urging him to join club
Of course, for a long time it's been clear that Alisson is a top-class goalkeeper, but there was never a real chance to do it. The league is different, the refs are different, the goalkeeper's life is different in the Premier League .

Sanders slams Trump for standing up to migrant children but not Putin
Challenging the narrative that he's been soft on Russia, Trump also noted that he has slapped Moscow with fresh sanctions. Secretary of State Mike Pompeo had a sunnier view of the likely second get-together.

'Buffy' Reboot Will Have A Black Actress In The Lead Role
Original series creator Joss Whedon is onboard to executive produce, with writer Monica Owusu-Breen attached to write the script. Buckle up, fans of Joss Whedon and badass teenage vampire killers, Buffy The Vampire Slayer is getting a reboot.

Putin attacks Trump's summit critics
When asked by a reporter Tuesday if Russian Federation was continuing to target the U.S., Trump replied, "No". He said that these forces were sacrificing the betterment of U.S.

Australian bonds slump after June employment change massively beats expectations
Putting it into context, it still caps off a slower first half of 2018 for Australian employment growth than last year's uplift of 3 .4%.

U.S. urges United Nations sanctions until NK acts on denuclearisation
Add North Korea as an interest to stay up to date on the latest North Korea news, video, and analysis from ABC News. When asked about a time frame, he said it will likely take longer than originally thought.

Fox News Parts Ways With 'The Five' Co-Host Kimberly Guilfoyle
As per a tweet from Vanity Fair correspondent Gabriel Sherman, Don Jr.'s girlfriend of mere months is leaving her post at Fox News.

Trudeau set to shuffle cabinet Wednesday
Even the NDP government of Alberta and the Conservative government of Manitoba could be expected to be helpful with some issues. As part of the reshuffle, Trudeau said Jim Carr would become minister of worldwide trade diversification.