White House economic adviser Kudlow: President Trump not satisfied with progress in trade talks with China

Market news

2 August 2019

White House economic adviser Kudlow: President Trump not satisfied with progress in trade talks with China

Has not heard anything definitive about possibility of delay in tariffs
A lot of good things could happen in a month before new tariffs on Chinese goods go into effect
Additional Chinese purchases of U.S. agricultural products would be a plus
Does not think more quantitative easing or liquidity will do the job in Europe
President Trump doesn't like the idea that Europe is essentially manipulating the euro
Fed’s latest rate cut is a step in the right direction

Doesn’t seen any inflation

European stocks closed: FTSE 100 7,407.06 -177.81 -2.34% DAX 11,872.44 -380.71 -3.11% CAC 40 5,359.00 -198.41 -3.57%

U.S. factory orders increase less than forecast in June

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