Larry Kudlow: Trump Administration Making ‘Terrific Progress’ on Trade Deal with China

Sunday on CBS’s “Face the Nation,” President Donald Trump’s top economic advisor Larry Kudlow said the administration was “making terrific progress” on trade talks with China. Partial transcript as follows: MARGARET BRENNAN: We turn now to Larry Kudlow. As the director of the National Economic Council he is the president’s top economic adviser. Larry, it’s good to have you on the show. LARRY KUDLOW: Wonderful, Margaret. Thank you. BRENNAN: Have we avoided a trade war or is the threat of tariffs still on the table? KUDLOW: You know I think we’ve made a lot of progress and perhaps even more progress than we might have thought when we went to Beijing a couple of weeks ago. And the communique makes that very clear that we’re going to substantially reduce the U.S. trade gap. I mean here’s the deal. We want China to open up markets, lower tariffs, lower nontariff barriers, give us a chance. We also want China however to change their behavior with respect to technology transfers and also the theft of intellectual property rights. Now are we going to get everything? I don’t know, but I will say this we’re making terrific progress and I think the meetings here in Washington