26,092. 6/27/2019

CHINA/ECONOMY/G20/TARIFFS/TRUMP AS PRESIDENT: “U.S. President Donald Trump has agreed to no preconditions for his high-stakes meeting with Chinese President Xi Jinping this weekend and is maintaining his threat to impose new tariffs on Chinese goods, White House economic adviser Larry Kudlow said on Thursday. Trump’s decision on whether to impose new tariffs on a $300 billion list of nearly all remaining Chinese imports will depend on the outcome of the Saturday meeting on the sidelines of a G20 summit in Osaka, Japan, Kudlow told Fox News Channel. ‘There are no preconditions,’ Kudlow said…Trump is set to meet Xi for talks in Osaka at 11:30 a.m. (0230 GMT) on Saturday. Kudlow dismissed as ‘fake news’ reports suggesting that China was insisting on lifting sanctions on Chinese telecom equipment giant Huawei Technologies Co Ltd [HWT.UL] as part of a trade deal and that the Trump administration had tentatively agreed to delay new tariffs on Chinese goods. The Wall Street Journal reported that Xi planned to present Trump with terms for ending the trade dispute, including removing a ban on the sale of U.S. technology to Huawei, citing Chinese officials with knowledge of the plan. ”

Jeff Mason, Yawen Chen, “Trump agrees to no preconditions for meeting with China’s Xi: Kudlow,” Reuters, June 27, 2019 12:37 am

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