Top White House economic adviser Larry Kudlow is optimistic ahead of a key meeting between U.S. and Chinese officials next week in Beijing.
Speaking to reporters on Friday, Kudlow said it's a good thing the two sides are coming together and he hopes the talks pick-up where they left off because a deal was around 90-percent done back in May before collapsing. He also strongly hopes the Chinese will keep their promise to buy American agriculture products. Speaking on FOX Business, Commerce Secretary Wilbur Ross echoed a similar sentiment.
U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to China next week to meet and hold trade negotiations with Chinese officials, a senior government official told FOX Business earlier this week.
Chinese Vice Premier Liu He and Chinese Commerce Minister Zhong Shan will attend the meetings, which are scheduled to be held in Shanghai – at the request of the Chinese delegation – and not Beijing, the official said.
The meeting comes as a result of the trade talks that took place on July 9 and July 18.
Trade talks have cooled over the past several weeks, as tariffs remain in place.
On Tuesday, President Trump took another swipe at the country.
"They’re paying us billions and billions and they want to make a deal badly," said Trump during a speech on Tuesday at Turning Point USA Student Action Summit.