"There's no recession in sight", Mr. Kudlow said.
Mr. Kudlow said the current administration is trying to pull America out of the "growth recession" it has been mired in since at least the Y 2008 financial crisis.
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China could end U.S. tariffs "this afternoon by providing a more satisfactory approach" and taking steps that other countries are also calling for, he said.
Speaking on the rocky negotiations, Kudlow insisted that the USA administration was waiting on a move from Xi, saying that "the ball is in his court". Xi's top economic adviser, Liu He, appears willing to move forward on a deal, said Kudlow.
"I do not think President Xi has any intention of following through on any of the discussions we've made and I think the President is so dissatisfied with China on these so-called talks that he is keeping the pressure on and I support that".
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The Russian ambassador said Moscow is ready to discuss a proposed new meeting between Putin and Trump, Interfax said. In response to Trump's tweet , Clinton posted a more recent video , sharing her remarks from a 2016 campaign rally.
The current trade tensions between the USA and China flared up in March, when Trump threatened to impose tariffs on $50 billion worth of Chinese imports to the US. "The ball is in his court".
While Beijing described those latest threats as "totally unacceptable", Trump administration officials continued to demand China reform its hardline trade negotiating tactics and curtail the theft of American technology and intellectual property, a major campaign pledge of President Trump. I am told he's bringing a very important free trade offer, Kudlow said.
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Coinciding with the launch is a special PS4 featuring white spider logo from the game; and a special red DualShock 4 controller. The bundle also includes a DualShock 4 wireless controller, Marvel's Spider-Man game on Blu-ray disc, and digital content.