White House economic adviser Larry Kudlow cast doubt Tuesday that President Trump will agree to a cease-fire in the U.S.-China trade war when he meets Chinese President Xi Jinping later this week.
But Kudlow, the director of the National Economic Council, said the presidents’ meeting offered a rare chance to break the deadlock between the world’s two largest economies, which account for roughly 40 percent of global output.
“President Xi has an opportunity to change the tone and the substance of these talks. It’s a big opportunity,” Kudlow said. He later added, “They have to do more.”