Trade

“It hasn’t been signed and sealed”

JM Ashby
Written by JM Ashby

After his meeting with Chinese President Xi Jinping at the G20 conference, Trump tweeted that China would be eliminating tariffs on imports of American-made cars, among other things, but the bad news is there is no such deal.

Trump's top economic adviser, Larry Kudlow, was forced to admit there is no deal this morning.

“I think it’s coming, OK,” adviser Larry Kudlow said on Fox News Tuesday. “It hasn’t been signed and sealed and delivered yet.”

Trump jolted car stocks by announcing late Sunday that a deal had been reached, following his dinner with Chinese President Xi Jinping on Saturday at the Group of 20 summit in Buenos Aires.

Officials in Beijing declined to comment on the tweet and haven’t confirmed such an agreement.

Kudlow also spoke at a conference this morning where he also admitted that he's not entirely confident that they'll be able to reach a deal in 90 days.

Me neither.

White House National Economic Council Director Larry Kudlow said Tuesday a trade deal between the U.S. and China appears to be moving "in the right direction" but held out the prospect a deal may not get done. [...]

Kudlow said he saw "real chemistry" between the leaders at a dinner meeting at the summit. When told that the administration is asking China to do in 90 days what hasn't been accomplished over the last 20 years, Kudlow said he had no assurances. "I'm just that saying in my judgment, others may disagree, we have come further and that the table of contents is larger than anything we've seen before."

Trump doesn't have "real chemistry" with any sentient being on the planet.

He doesn't even like dogs.

  • muselet

    Larry Kudlow isn’t sure Donald Trump and Xi Jinping will come to a formal agreement in the next 90 days on vehicle tariffs.

    This could very well mark the first time in Kudlow’s adult life that he’s been correct.

    –alopecia

  • 1933john

    Seems Xi has taken a play from
    Kim’s Play-book or vice versa.

  • Trump absolutely has the mentality of a toddler with regards to lying. Lie in the moment to get out of a bad situation, and utterly fail to see the upcoming consequences that are sure to come when the lie is discovered.

    • Ken Kohl

      Such as a 3% haircut by the markets today.

  • David Greenberg

    Is there a sentient being that believes a word trump utters. Kudlow has been assigned the empty seat next to Giuliani in the trump clown car. The only requirement being giving up any shred of decency and dignity they might have had. What a way to write one’s epitaph.