Veteran financial guru and former Ronald Reagan adviser Larry Kudlow said America’s deal with China is a “huge” accomplishment both economically and strategically for President Donald Trump’s administration.
“I really like the China situation economically and strategically,” he told CNBC. “They did a good thing, give them credit,” he told CNBC.
The United States and China have agreed to take action by mid-July to increase access for U.S. financial firms and expand trade in beef and chicken among other steps as part of Washington’s drive to cut its trade deficit with Beijing, Reuters reported.
The deals are the first results of 100 days of trade talks that began last month, when a meeting between Trump and Chinese President Xi Jinping proved far more friendly than had been expected after last year’s U.S. presidential campaign, but the immediate impact was unclear.
“China trade, huge. Because the president has basically changed his campaign position,” the