WASHINGTON, Sep. 7 (Reuters / EP) –
The White House economic advisor, Larry Kudlow, said on Friday that the United States wants “short-term” results regarding trade talks with China and has warned that the trade dispute may take several years to resolve.
Thus, Kudlow has explained that although the United States and China have been negotiating on various issues related to trade and intellectual property for 18 months, the period is short depending on what is at stake, so the negotiations could last much more. “For an agreement of this size, scope and global importance, I don't think 18 months is a long time,” Kudlow said.
In this regard, the White House economic advisor has refused to predict the results or announce a specific calendar of the various meetings planned to reach an agreement.
Plans for the first face-to-face meeting since the end of July were scheduled during a telephone conversation last Thursday between Chinese Vice Premier Liu He and the US trade representative, Robert Lighthizer, along with Treasury Secretary Steven Mnuchin.
Tensions have increased after the talks were paralyzed because Beijing moved away from previous commitments to make legal changes and improve intellectual property protection, as well as to facilitate access by US firms to Chinese markets.
Since then, Trump has increased tariffs on Chinese goods worth $ 200 billion and has imposed and scheduled new levies on other imports of the Asian giant to increase his bargaining power.
Kudlow has insisted that he could not speculate on whether the September and October meetings would delay the planned increase in tariffs from October 1 to 30 percent. “Our team would like to come back and resume where we were in the May talks. It remains to be seen if that is possible,” Kudlow said.
“We want to see results. We would like to see results in the short term. If we do not see results, we will take additional measures. On the other hand, if we see results in the next meetings, then there will be progress,” he concluded.