Kudlow: U.S. exports to China will double under ‘phase one’ deal, agreement to be signed in early January – By OAN Newsroon (OANN) / Dec 16 2017
According to National Economic Council Director Larry Kudlow, the ‘phase one’ trade deal with China is complete. While speaking to reporters at the White House Monday, he said U.S. exports to China will double under the deal. The White House economic adviser also said China will increase imports of all goods and services, and emphasized the positive effects this will have on economic growth in the U.S.
“It covers IP and it covers tech transfers, and it covers financial services and it covers currencies and so forth,” he explained. “But one of the things it covers…not just agriculture, but the deal includes a Chinese purchase of America goods and services across the board.”
Kudlow pointed out that currency manipulation is a key part of the agreement, and it addresses other major issues like IP theft and foreign access to the Chinese market. Trade Rep. Robert Lighthizer will sign the deal with the Chinese vice premier in Washington in early January.
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