Larry Kudlow Says the China Trade Deal Is Not Done Yet

The transcript discusses ongoing trade negotiations between the US and China, highlighting the involvement of key negotiators and the positive outlook from Chinese ministries. Significant progress has been made in the agriculture and financial services chapters, with near completion of the currency chapter. However, issues like enforcement and technology transfer remain unresolved. Both President Trump and President Xi are keen to finalize the phase one deal, with talks continuing to find a new venue for their meeting after the APEC summit in Chile was canceled.

Who are the key US negotiators involved in the trade talks with China?

• Treasury Secretary Mnuchin and Trade Ambassador Light Heiser

• Finance Minister and Foreign Minister

• Vice Premier Liuhe and President Xi

• Commerce Minister and Agriculture Minister

Which chapter of the trade deal is almost complete and involves a significant increase in purchases?

• Agriculture

• Intellectual Property

• Financial Services

• Currency

What benefit will the Financial Services chapter provide to American firms?

• Reduced tariffs on financial products

• Joint ventures with Chinese firms

• 100% ownership for American banks and firms

• 50% ownership in Chinese companies

Which chapter is still under discussion and has not been completed?

• Intellectual Property

• Agriculture

• Financial Services

• Currency

What are some of the remaining issues in the trade deal that might be addressed in phase two?

• Financial services and insurance regulations

• Agriculture purchases and non-tariff barriers

• Enforcement and forced technology transfer

• Currency stability and market openings