clearn.png
Sunday September 22nd, 2019 8:50PM

White House adviser compares China trade talks to Cold War

By The Associated Press
Related Articles
  Contact Editor

WASHINGTON (AP) — White House economic adviser Larry Kudlow compared trade talks with China on Friday to the U.S. standoff with Russia during the Cold War. In other words, negotiations could continue for a long time.

U.S. and Chinese officials have agreed to hold their next round of talks in Washington next month. Kudlow discounted the notion that next year's election increases the urgency for President Donald Trump to conclude the trade war.

"The stakes are so high, we have to get it right, and if that takes a decade, so be it," he said.

Kudlow emphasized that it took the United States decades to get the results it wanted with Russia. He noted that he worked in the Reagan administration: "I remember President Reagan waging a similar fight against the Soviet Union."

"Sometimes you have to stick with it. And I think you will find this president's commitment is unlimited because he believes he is defending the country and its workers and its security," Kudlow said.

The U.S. and China have raised tariffs on billions of dollars of each other's imports, disrupting trade in goods including soybeans and medical equipment and battering traders on both sides. The U.S. is calling on China to curb its theft of sensitive technology and its efforts to force U.S. firms to hand over trade secrets. Both practices are part of a strategy to supplant American technological supremacy.

Kudlow's comments are in keeping with the administration's position that it's not in a hurry to reach an agreement and that China is the one suffering from the dispute. Still, Kudlow's comments comparing the dispute to the Cold War take the patience game to a new level at a time when the latest jobs report would indicate the trade war with China has slowed hiring.

"President Trump has persuaded people in America of the importance of this," Kudlow said. "This is a major economic security issue, this is a major human rights issue and maybe, most of all, it's a major national security issue."

Kudlow said that each time the two sides meet, "there is progress of sorts." He said he was encouraged they would be meeting again next month.

____

Associated Press writer Padmananda Rama contributed to this report.

  • Associated Categories: Associated Press (AP), AP Online Headlines - Washington, AP Business, AP Business - Economy
© Copyright 2019 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Actor Hosea Chanchez alleges abuse by college ex-official
Actor Hosea Chanchez says a friend's father sexually assaulted him in Alabama when he was 14 years old
6:19PM ( 12 minutes ago )
As feds loom, states hit Facebook, Google with new probes
Two groups of states are targeting Facebook and Google in separate antitrust probes, widening the scrutiny of Big Tech beyond sweeping federal and congressional investigations into their market dominance
6:15PM ( 16 minutes ago )
White House adviser compares China trade talks to Cold War
White House economic adviser Larry Kudlow is comparing trade talks with China to the U.S. standoff with Russia during the Cold War
6:11PM ( 21 minutes ago )
Associated Press (AP)
The Latest: North Carolina hurricane warnings lifted
Florida's U.S. senators say Bahamian authorities need to make specific requests to the U.S. government-run aid agency before the U.S. Department of Defense can assist the Bahamas with Hurricane Dorian relief efforts
5:36PM ( 55 minutes ago )
Reaching a deal in national opioids case proving difficult
OxyContin maker Purdue Pharma says it wants a nationwide settlement over its role in the opioids crisis, but it's proving difficult to reach a deal
5:09PM ( 1 hour ago )
Modest hiring enough to fuel sluggish but durable US economy
Slow but steady hiring should sustain US growth, but Powell Fed stands ready to step in
5:08PM ( 1 hour ago )
AP Business
Stock climb, keeping S&P 500 on track for a 2nd weekly gain
Stocks moved higher on Wall Street in afternoon trading Friday, placing the market on track to notch a second straight weekly gain after a wobbly start to the week
3:44PM ( 2 hours ago )
Mugabe dies; liberated Zimbabwe, then held it for 37 years
Robert Mugabe, the longtime leader of Zimbabwe who was forced to resign in 2017 after a military takeover, has died at 95, his successor says
3:37PM ( 2 hours ago )
The Latest: UN chief lauds Mugabe role in fighting apartheid
U.N. Secretary-General Antonio Guterres says former president Robert Mugabe's "role in securing the independence of Zimbabwe and the fight against apartheid are key parts of his legacy."
3:36PM ( 2 hours ago )
AP Business - Economy
Actor Hosea Chanchez alleges abuse by college ex-official
Actor Hosea Chanchez says a friend's father sexually assaulted him in Alabama when he was 14 years old
6:19PM ( 12 minutes ago )
As feds loom, states hit Facebook, Google with new probes
Two groups of states are targeting Facebook and Google in separate antitrust probes, widening the scrutiny of Big Tech beyond sweeping federal and congressional investigations into their market dominance
6:15PM ( 17 minutes ago )
India loses communication with its unmanned moon lander
India's space agency says it has lost communication with its unmanned spacecraft that was set to touch down Saturday on the moon's south pole.
6:05PM ( 26 minutes ago )
Trump challenges California power to control auto pollution
The Trump administration has launched an all-out assault on California over automotive mileage rules
6:04PM ( 27 minutes ago )
In a twist, Colorado asks EPA to lower state's air rating
Colorado has taken the unusual step of inviting the U.S. Environmental Protection Agency to downgrade the air quality rating of the state's biggest population center, and not everyone thinks that's a good idea
6:00PM ( 31 minutes ago )