With just 26 minutes left in what has been by some measures the worst month for stocks since the collapse of Lehman Brothers, Trump chief economic advisor Larry Kudlow appeared on CNBC to quiet investors anxieties about President Trump’s plans for the next round of China tariffs, in what we can only imagine was an attempt to shield ramping equities from any last-minute complications, as stocks have exhibited a concerning pattern in recent weeks of falling during the last two hours of the trading day.
In response to reports from earlier this week that Trump is planning to expand tariffs to cover all Chinese goods entering the US by the end of the year if no agreement between China and the US has been reached before then, Kudlow cautioned that “nothing has been set in stone”.
“Nothing is set in stone right now,” Larry Kudlow told CNBC on Wednesday, ahead of potential talks between Trump and Chinese President Xi at the G-20 meeting next month.
“It is possible some good positive things could – I say could – come out of President Trump-President Xi talks. It’s possible,” he said.
Kudlow added that he believes Trump and Chinese President Xi Jinping will meet at the G-20 meeting in Buenos Aires next month, but he added that “nothing has been set in stone.”
via RSS https://ift.tt/2Q7VaQ3 Tyler Durden