Larry Kudlow, director of the White House National Economic Council, said the U.S. and China are “close” to a trade deal but that the administration was prepared to walk away if it did not get the terms it wanted.
“The president has said many times if the deal is no good, if the assurances with respect to preventing future thefts, if the enforcement procedure is no good he has said we will not go for it. We will walk away,” Kudlow said on CNBC’s “Squawk on the Street” on Friday. “The president has said that if we cannot get the enforcement and the assurances, then we will not go forward.”
The two countries are in talks to finalize a so-called phase one trade deal as 15% tariffs on $165…