Kudlow Says U.S. Still Expects Trade Talks With China in September

The video discusses the ongoing US-China trade negotiations, highlighting the role of Larry Kudlow in calming market fears. Despite some market stabilization, tensions remain high, and the future of the talks is uncertain. The impact on US farmers is significant, with a drop in agricultural exports to China and growing frustration among farming groups, who prefer trade over aid.

What role does Larry Kudlow play in the context of trade negotiations?

• He sets the exchange rates for the US dollar.

• He soothes public concerns about trade negotiations.

• He leads the agricultural policy for the US.

• He is responsible for negotiating trade deals.

How did the S&P perform in response to recent trade developments?

• It remained unchanged.

• It closed about 1.3% higher.

• It dropped significantly.

• It closed at a record high.

What is the main concern of US farming groups regarding the trade situation?

• They are satisfied with the current trade policies.

• They are losing patience and want trade, not aid.

• They want more government aid.

• They are focusing on domestic markets only.

What action did China take that affected US agricultural exports?

• Increased agricultural purchases.

• Halted agricultural purchases.

• Signed a new trade agreement.

• Reduced tariffs on US goods.

What was the approximate value of US agricultural exports to China in 2014?

• 9 billion dollars

• 30 billion dollars

• 15 billion dollars

• 25 billion dollars