Larry Kudlow, director of the U.S. National Economic Council, speaks to members of the media. (Photographer: Joshua Roberts/Bloomberg)

Kudlow Says China Doing Nothing to Defuse Trade Tensions: FT

(Bloomberg) -- White House economic adviser Larry Kudlow accused China of doing “nothing” to defuse trade tensions ahead of a likely meeting between President Donald Trump and President Xi Jinping at the G20 in Argentina next month, the Financial Times reported.

A detailed list of asks "basically hasn’t changed for five or six months," the paper said, citing an interview with Kudlow.

Kudlow Says China Doing Nothing to Defuse Trade Tensions: FT

"The problem with the story is that they don’t respond. Nothing. Nada,” Kudlow told the paper. “It’s really the president and the Chinese Communist party, they have to make a decision, and so far they have not, or they have made a decision not to do anything, nothing. I’ve never seen anything like it.”

Kudlow said he believed the weakness of the Chinese currency recently was because of market forces rather than any deliberate policy.

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