‘Greenland belongs to Greenland’: Denmark says selling world’s largest island to US is absurd

Greenland is not for sale and the idea of selling it to the United States is absurd, Denmark’s prime minister said on Sunday after an economic adviser to President Donald Trump confirmed the U.S. interest in buying the world’s largest island. Greenland belongs to Greenland. I strongly hope that this is not meant seriously,” Danish Prime Minister Mette Frederiksen told the newspaper Sermitsiaq during a visit to Greenland. White House economic adviser Larry Kudlow on Sunday confirmed media reports


Greenland is not for sale and the idea of selling it to the United States is absurd, Denmark’s prime minister said on Sunday after an economic adviser to President Donald Trump confirmed the U.S. interest in buying the world’s largest island. Greenland belongs to Greenland. I strongly hope that this is not meant seriously,” Danish Prime Minister Mette Frederiksen told the newspaper Sermitsiaq during a visit to Greenland. White House economic adviser Larry Kudlow on Sunday confirmed media reports
‘Greenland belongs to Greenland’: Denmark says selling world’s largest island to US is absurd Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-18
Keywords: news, cnbc, companies, denmark, trump, kudlow, greenland, president, belongs, selling, prime, minister, visit, worlds, largest, buying, told, island, danish, absurd


'Greenland belongs to Greenland': Denmark says selling world's largest island to US is absurd

Greenland is not for sale and the idea of selling it to the United States is absurd, Denmark’s prime minister said on Sunday after an economic adviser to President Donald Trump confirmed the U.S. interest in buying the world’s largest island.

“Greenland is not for sale. Greenland is not Danish. Greenland belongs to Greenland. I strongly hope that this is not meant seriously,” Danish Prime Minister Mette Frederiksen told the newspaper Sermitsiaq during a visit to Greenland.

Trump’s is due to visit Copenhagen early next month, when the Arctic will be on the agenda in meetings with Frederiksen and Prime Minister Kim Kielsen of Greenland, an autonomous Danish territory.

White House economic adviser Larry Kudlow on Sunday confirmed media reports earlier in the week that Trump had privately discussed with his advisers the idea of buying Greenland.

“I don’t want to predict an outcome, I’m just saying the president, who knows a thing or two about buying real estate, wants to take a look at a Greenland purchase,” Kudlow told Fox News.

Kudlow said the situation was “developing” and noted that U.S. President Harry Truman also had wanted to buy Greenland.

“And Denmark owns Greenland, Denmark is an ally, Greenland is a strategic place, up there. And they’ve got a lot of valuable minerals,” Kudlow added.


Company: cnbc, Activity: cnbc, Date: 2019-08-18
Keywords: news, cnbc, companies, denmark, trump, kudlow, greenland, president, belongs, selling, prime, minister, visit, worlds, largest, buying, told, island, danish, absurd


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White House pushes back against recession fears, defends trade war

“I don’t think we’re having a recession,” Trump told reporters. The bond market flashed a signal Wednesday that is normally interpreted as a sign a recession is on the horizon. The executives said the consumer was doing well, but could do even better if issues such as the China-U.S. trade war were resolved, this person said. Both Kudlow and Navarro strongly defended Trump’s trade war with China. Navarro said the U.S. was winning the trade war and dismissed arguments that Americans were shoulderi


“I don’t think we’re having a recession,” Trump told reporters. The bond market flashed a signal Wednesday that is normally interpreted as a sign a recession is on the horizon. The executives said the consumer was doing well, but could do even better if issues such as the China-U.S. trade war were resolved, this person said. Both Kudlow and Navarro strongly defended Trump’s trade war with China. Navarro said the U.S. was winning the trade war and dismissed arguments that Americans were shoulderi
White House pushes back against recession fears, defends trade war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-18  Authors: spencer kimball
Keywords: news, cnbc, companies, trade, defends, war, kudlow, economic, market, tariffs, pushes, president, trump, white, recession, fears, house, china


White House pushes back against recession fears, defends trade war

U.S. President Donald Trump speaks with Larry Kudlow, director of the U.S. National Economic Council, right, in the Roosevelt Room of the White House in Washington, D.C.

President Donald Trump said Sunday he doesn’t see a recession on the horizon after a volatile week for markets.

“I don’t think we’re having a recession,” Trump told reporters. “We’re doing tremendously well. Our consumers are rich. I gave a tremendous tax cut and they’re loaded up with money.”

The bond market flashed a signal Wednesday that is normally interpreted as a sign a recession is on the horizon. The yield on the 10-year Treasury note briefly broke below the rate for the 2-year. The Dow Jones Industrial Average dropped 800 points or about 3% as the bond market spooked investors.

The president called the heads of J.P. Morgan Chase, Bank of America and Citigroup as the stock market tanked Wednesday, according to people with knowledge of the situation. Trump asked the executives for a read on the health of the U.S. consumer, according to one of the people.

The executives said the consumer was doing well, but could do even better if issues such as the China-U.S. trade war were resolved, this person said.

Trump’s top economic advisor Larry Kudlow said Sunday strong retail sales and low unemployment were signs the economy remained strong.

“I think we’re in pretty good shape,” Kudlow said. A gauge of U.S. manufacturing, however, recently fell to its lowest reading since 2009 as demand weakened and managers slowed hiring.

White House trade advisor Peter Navarro disputed that the yield curve had inverted. He said the curve was flat and claimed this is a sign that foreign capital is flowing into the U.S., which is bidding up bond prices on the long end and bidding down yields.

“In this case, the flat curve is actually the result of a very strong Trump economy,” he said.

Both Kudlow and Navarro strongly defended Trump’s trade war with China. Earlier this month, the president said he would impose 10% tariffs on $300 billion of imports from China.

However, Trump decided to postpone some tariffs until Dec. 15 out of concern that it could impact the holiday shopping season, which seemed to contradict past administration statements that China was shouldering the burden.

Trump reiterated his stance Sunday: “China is eating the tariffs — at least so far,” he said.

Navarro said the U.S. was winning the trade war and dismissed arguments that Americans were shouldering the burden, despite mounting complaints from American farmers, who broadly support Trump, that the trade war is hurting them.

Kudlow, for his part, said the U.S. is locked in a battle with Beijing over technology.

“We are in a kind of technological war with China, and we cannot let them steal our family jewels which is the heart of the American economic growth miracle,” he said.

— CNBC’s Hugh Son contributed to this report


Company: cnbc, Activity: cnbc, Date: 2019-08-18  Authors: spencer kimball
Keywords: news, cnbc, companies, trade, defends, war, kudlow, economic, market, tariffs, pushes, president, trump, white, recession, fears, house, china


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Investors try to figure out Trump’s trade war endgame: ‘I can’t even tell you what victory is’

President Donald Trump’s trade war comes with an aggressive and clear-cut strategy but a fuzzy endgame, namely that it’s unclear just what victory would look like. If American companies had full access to Chinese markets, would there really be that much to gain? Because the fact is, you’re asking this question and I can’t even tell you what victory is.” Despite a generally positive view on the Trump economy, the president has not enjoyed as much favor on the trade war. “You’re creating a disrupt


President Donald Trump’s trade war comes with an aggressive and clear-cut strategy but a fuzzy endgame, namely that it’s unclear just what victory would look like. If American companies had full access to Chinese markets, would there really be that much to gain? Because the fact is, you’re asking this question and I can’t even tell you what victory is.” Despite a generally positive view on the Trump economy, the president has not enjoyed as much favor on the trade war. “You’re creating a disrupt
Investors try to figure out Trump’s trade war endgame: ‘I can’t even tell you what victory is’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: jeff cox
Keywords: news, cnbc, companies, chinese, economy, investors, endgame, kudlow, trade, trading, president, cant, war, business, tariffs, tell, try, china, really, figure, victory, trumps


Investors try to figure out Trump's trade war endgame: 'I can't even tell you what victory is'

President Donald Trump’s trade war comes with an aggressive and clear-cut strategy but a fuzzy endgame, namely that it’s unclear just what victory would look like. True, there are lofty ambitions: a world without tariffs, a “level playing field” with China where goods would flow freely between the two nations, and the promise of untethered growth thanks to the opening of new markets and the end to the theft of intellectual property. But what that really would mean for the economy is squishy. Would there truly be a stronger U.S. or just a weakened China? If American companies had full access to Chinese markets, would there really be that much to gain? And what are the costs between here and there? In a CNBC interview Tuesday, White House economic advisor Larry Kudlow somewhat quantified what the White House is looking for as it cranks up the trade tensions with China and looks for an agreement it deems favorable to U.S. interests.

“The president has said numerous times his ultimate goal with respect to the world trading system is zero tariffs, zero non-tariff trading barriers and zero subsidies,” said Kudlow, director of the National Economic Council. “There are considerable benefits to truly free and lawful trading. There are consumer benefits and business benefits on both sides.”

‘You have to be strategic’

In raw numbers, Kudlow tossed out a dollar figure of $600 billion “if we were able to reclaim what we have lost” in intellectual property theft. The number likely came from an oft-cited 2017 estimate from the Commission on the Theft of American Intellectual Property, which put the price tag in the $225 billion to $600 billion range. “The president is a transformative president. He’s rebuilding the American economy and we’ve had some considerable success. These things are not easy, and that includes trade imbalances,” Kudlow added. “So what we’re trying to do is have fair, freer, reciprocal trading with China.” What that looks like, though, is anybody’s guess. Trade uncertainty already has cut a swath across the U.S. financial landscape. Corporate earnings have wobbled as multinationals watch their profits fall away due to higher costs and upset supply chains, while Wall Street has sustained a rough patch of volatility that has sent the major stock market averages off nearly 5% apiece over the past month. Trump, meanwhile, continues to hammer away at China without ever specifically delineating what the results could be after he gets his deal. He’s frequently promised an economy that would grow well in excess of 3% a year, but the tariffs thus far have only acted as a drag. “If you want to be successful, you have to be strategic,” Steven Blitz, chief U.S. economist at TS Lombard. “Be very clear what the point is, how you want to get it, what is the victory. Because the fact is, you’re asking this question and I can’t even tell you what victory is.”

Despite a generally positive view on the Trump economy, the president has not enjoyed as much favor on the trade war. A recent Quinnipiac University national poll showed that while 71% viewed the economy as in either excellent or good shape, just 40% approved of Trump’s trade policies, while 48% opposed. Business leaders also have voiced concerns, as earnings conference calls have been filled with CEOs bracing for tariff fallout. “It’s really about putting some of the things he broke back together again,” Blitz said. “His heart is in the right place, but the execution is proving somewhat clumsy. We’ve lost the narrative of the final objective. Because how do you know you’ve gotten free trade?” Tariffs are hurting China, and at least theoretically the U.S. could change supply chains and push China to the periphery of world commerce, as in the Maoist era. However, that still wouldn’t guarantee a free-trade environment that would take U.S. growth to another level. “You’re creating a disruption, but all you’re really doing is potentially weakening the Chinese economy,” Blitz said. “But to what effect? It’s a good question.”

Pain before gain

For business owners with interests in China, there are some clear objectives: to not have the Chinese force U.S companies to transfer their technology secrets, a more equal tariff structure and the ability, without government interference, to expand their operations. “I need the end game with this administration to end up with access to the Chinese market and protection of my IP,” Kevin O’Leary, an investor, business owner and star of “Shark Tank,” told CNBC. “Those are two things I want, and until we get that I don’t care how much soybeans they buy, it’s irrelevant. What we need is a level playing field.” O’Leary said that if the impasse is settled in a positive way, he’ll be investing heavily, launching “at least” 30 products and hiring “hundreds of people” to expand lines. He also said there will be big benefits for the stock market.


Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: jeff cox
Keywords: news, cnbc, companies, chinese, economy, investors, endgame, kudlow, trade, trading, president, cant, war, business, tariffs, tell, try, china, really, figure, victory, trumps


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Trump economic advisor Larry Kudlow says China’s economy ‘is crumbling’

White House economic advisor Larry Kudlow told CNBC on Tuesday the United States holds the upper hand in trade negotiations with China due to the comparative strength of the U.S. economy. “The Chinese economy is crumbling. “Any long chart of Chinese investment” or economic metrics shows “a steady downdraft,’ he added. Also, Chinese stocks are broadly dropping: The Shanghai composite index of stocks has fallen over 15% from its high in the past year. The trade war escalated to a new level on Mond


White House economic advisor Larry Kudlow told CNBC on Tuesday the United States holds the upper hand in trade negotiations with China due to the comparative strength of the U.S. economy. “The Chinese economy is crumbling. “Any long chart of Chinese investment” or economic metrics shows “a steady downdraft,’ he added. Also, Chinese stocks are broadly dropping: The Shanghai composite index of stocks has fallen over 15% from its high in the past year. The trade war escalated to a new level on Mond
Trump economic advisor Larry Kudlow says China’s economy ‘is crumbling’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: michael sheetz
Keywords: news, cnbc, companies, chinas, trade, kudlow, past, crumbling, advisor, told, economic, larry, chinese, economy, trump, china, stocks, high


Trump economic advisor Larry Kudlow says China's economy 'is crumbling'

White House economic advisor Larry Kudlow told CNBC on Tuesday the United States holds the upper hand in trade negotiations with China due to the comparative strength of the U.S. economy.

“The Chinese economy is crumbling. It’s just not the powerhouse it was 20 years ago,” Kudlow said on “Squawk on the Street.”

“Any long chart of Chinese investment” or economic metrics shows “a steady downdraft,’ he added. “Their GDP, which is probably inflated by several points, is coming in lower and lower.”

China reported that its economy grew 6.2% in the second quarter, its weakest growth rate for gross domestic product in at least 27 years. Also, Chinese stocks are broadly dropping: The Shanghai composite index of stocks has fallen over 15% from its high in the past year. By comparison, the S&P 500 is just 5% below its high in the past year and has climbed nearly 15% in 2019.

Kudlow’s comments come as U.S. stocks rebounded Tuesday after the worst day of 2019, dropping when China retaliated to President Donald Trump’s announcement that new tariffs would be placed on Chinese goods in September. The trade war escalated to a new level on Monday but Kudlow told CNBC that the U.S. “would like to negotiate” and “make a deal.”

Kudlow said China may hold out on a trade deal, but he insisted that the U.S. can withstand any slowdown to its economy better than the Chinese can.

“I think China is getting hurt significantly, much more than we are,” Kudlow said.

“The American economy is very strong. Theirs is not.”


Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: michael sheetz
Keywords: news, cnbc, companies, chinas, trade, kudlow, past, crumbling, advisor, told, economic, larry, chinese, economy, trump, china, stocks, high


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Kudlow: ‘I wouldn’t expect any grand deal’ on China

Larry Kudlow, director of the National Economic Council, dampened expectations about any major breakthroughs coming from U.S.-China trade negotiations next week. “I wouldn’t expect any grand deal,” Kudlow told CNBC’s “Squawk on the Street ” on Friday. A U.S. trade delegation is scheduled to fly to China on Monday for negotiations with Chinese officials. This will be the first round of trade talks since President Donald Trump and Chinese President Xi Jinping agreed at the G-20 summit last month t


Larry Kudlow, director of the National Economic Council, dampened expectations about any major breakthroughs coming from U.S.-China trade negotiations next week. “I wouldn’t expect any grand deal,” Kudlow told CNBC’s “Squawk on the Street ” on Friday. A U.S. trade delegation is scheduled to fly to China on Monday for negotiations with Chinese officials. This will be the first round of trade talks since President Donald Trump and Chinese President Xi Jinping agreed at the G-20 summit last month t
Kudlow: ‘I wouldn’t expect any grand deal’ on China Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-26  Authors: fred imbert
Keywords: news, cnbc, companies, president, expect, growth, deal, negotiations, trade, wouldnt, economy, expectations, china, kudlow, economic, chinese, talks, grand


Kudlow: 'I wouldn't expect any grand deal' on China

Larry Kudlow, director of the National Economic Council, dampened expectations about any major breakthroughs coming from U.S.-China trade negotiations next week.

“I wouldn’t expect any grand deal,” Kudlow told CNBC’s “Squawk on the Street ” on Friday. “Talking to our negotiators, I think they’re going to reset the stage and hopefully go back to where the talks left off last May.”

U.S. stocks pared gains after Kudlow’s comment. The Dow Jones Industrial Average traded just above the flatline around 10:30 a.m. ET.

A U.S. trade delegation is scheduled to fly to China on Monday for negotiations with Chinese officials. This will be the first round of trade talks since President Donald Trump and Chinese President Xi Jinping agreed at the G-20 summit last month to restart negotiations.

Talks broke down in May after the U.S. hiked tariffs on billions of dollars worth of Chinese imports. China retaliated with levies of its own. Kudlow noted that 90% of a deal had been worked out before the breakdown.

“We were doing well then,” Kudlow said. He added that the two sides still need to address key structural issues such as intellectual property theft and forced transfers of technology.

Kudlow also cheered the strength of the U.S.economy after the release of stronger-than-forecast growth data. The U.S. economy grew by 2.1% in the second quarter, topping expectations, the Commerce Department said.

He called the consumer the “hero” of the U.S. economy, noting consumers had “explosive economic growth.” Kudlow also said it is “almost a miracle” that the economy continues to grow at this pace despite the Federal Reserve hiking rates in 2018.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-07-26  Authors: fred imbert
Keywords: news, cnbc, companies, president, expect, growth, deal, negotiations, trade, wouldnt, economy, expectations, china, kudlow, economic, chinese, talks, grand


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Ocasio-Cortez finds herself on same side as Trump regarding the Federal Reserve

National Economic Council Director Larry Kudlow praised Democratic Rep. Alexandria Ocasio-Cortez on Thursday after the left-wing lawmaker urged Federal Reserve Chair Jerome Powell to keep monetary policy loose because inflation was not an issue, something that President Donald Trump and his administration have been pushing for. Why does that cause higher inflation and interest rates? By the way, that’s been my position. That’s been the president’s position. Strong growth does not cause higher in


National Economic Council Director Larry Kudlow praised Democratic Rep. Alexandria Ocasio-Cortez on Thursday after the left-wing lawmaker urged Federal Reserve Chair Jerome Powell to keep monetary policy loose because inflation was not an issue, something that President Donald Trump and his administration have been pushing for. Why does that cause higher inflation and interest rates? By the way, that’s been my position. That’s been the president’s position. Strong growth does not cause higher in
Ocasio-Cortez finds herself on same side as Trump regarding the Federal Reserve Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: fred imbert
Keywords: news, cnbc, companies, federal, higher, kudlow, ocasiocortez, reserve, trump, regarding, powell, chairman, thats, growth, does, position, finds, inflation


Ocasio-Cortez finds herself on same side as Trump regarding the Federal Reserve

National Economic Council Director Larry Kudlow praised Democratic Rep. Alexandria Ocasio-Cortez on Thursday after the left-wing lawmaker urged Federal Reserve Chair Jerome Powell to keep monetary policy loose because inflation was not an issue, something that President Donald Trump and his administration have been pushing for.

“I know I’m a supply side conservative and so forth, but I want to note in the hearings yesterday with Fed Chairman Jay Powell, it was Ms. AOC who asked him about the Phillips curve,” Kudlow told Fox News on Thursday. “Why is rising growth and low unemployment bad? Why does that cause higher inflation and interest rates? Powell said ‘well, you’re right. That thing hasn’t worked in decades.'”

“I’ve got to give her high marks for that. She got that out of the chairman. By the way, that’s been my position. That’s been the president’s position. Strong growth does not cause higher inflation,” Kudlow said, adding he would like to discuss “supply-side economics” with Ocasio-Cortez in the future.


Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: fred imbert
Keywords: news, cnbc, companies, federal, higher, kudlow, ocasiocortez, reserve, trump, regarding, powell, chairman, thats, growth, does, position, finds, inflation


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Kudlow: Jobs report shows country is in a ‘very strong prosperity cycle,’ but Fed should still cut

“We are still in a very strong prosperity cycle. I think the incentives of our supply-side policies are working,” Kudlow said Friday on Bloomberg Television after the release of the June jobs report. While seeing a strong economy, Kudlow still thinks the Fed should ease monetary policy, and the reason for that is the “rock-bottom” inflation rate. I just don’t want anything to interfere with this strong prosperity cycle.” After a blowout jobs report, traders are still pricing in an easing of mone


“We are still in a very strong prosperity cycle. I think the incentives of our supply-side policies are working,” Kudlow said Friday on Bloomberg Television after the release of the June jobs report. While seeing a strong economy, Kudlow still thinks the Fed should ease monetary policy, and the reason for that is the “rock-bottom” inflation rate. I just don’t want anything to interfere with this strong prosperity cycle.” After a blowout jobs report, traders are still pricing in an easing of mone
Kudlow: Jobs report shows country is in a ‘very strong prosperity cycle,’ but Fed should still cut Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-05  Authors: yun li
Keywords: news, cnbc, companies, policy, reason, cycle, prosperity, country, monetary, economy, kudlow, rate, policies, jobs, report, fed, cut, shows, strong


Kudlow: Jobs report shows country is in a 'very strong prosperity cycle,' but Fed should still cut

Larry Kudlow, director of the National Economic Council, is “very optimistic” about the health of the U.S. economy but believes that because of low inflation, the Federal Reserve should “take back the interest rate hike” it made in December.

“We are still in a very strong prosperity cycle. … We have very good pro-growth policies, low taxes, deregulation, opening energy, trade reform. I think the incentives of our supply-side policies are working,” Kudlow said Friday on Bloomberg Television after the release of the June jobs report.

Payroll growth rebounded sharply in June as the U.S. economy added 224,000 jobs versus 165,000 expected, according to the Labor Department. Wage growth fell short of expectations however and the unemployment rate ticked higher.

While seeing a strong economy, Kudlow still thinks the Fed should ease monetary policy, and the reason for that is the “rock-bottom” inflation rate.

Inflation is “way below the Fed’s target and what most people want and that’s the reason they should take back the interest rate hike,” Kudlow said. “With a weak global economy taking out an insurance policy is not a bad thing … I just don’t want anything to interfere with this strong prosperity cycle.”

After a blowout jobs report, traders are still pricing in an easing of monetary policy next month, betting on a 94% chance of a quarter-point cut. The Fed will announce its policy decision at the conclusion of the July 30-31 meeting.


Company: cnbc, Activity: cnbc, Date: 2019-07-05  Authors: yun li
Keywords: news, cnbc, companies, policy, reason, cycle, prosperity, country, monetary, economy, kudlow, rate, policies, jobs, report, fed, cut, shows, strong


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Federal appeals court says Amazon is liable for third-party sellers’ products

Kudlow says US-China trade talks to be held in person as soon as…Kudlow later backed away slightly from his timeline, saying that the face-to-face talks would begin “soon” and that an announcement would be forthcoming. Politicsread more


Kudlow says US-China trade talks to be held in person as soon as…Kudlow later backed away slightly from his timeline, saying that the face-to-face talks would begin “soon” and that an announcement would be forthcoming. Politicsread more
Federal appeals court says Amazon is liable for third-party sellers’ products Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-03  Authors: salvador rodriguez lauren feiner, salvador rodriguez, lauren feiner
Keywords: news, cnbc, companies, products, amazon, timeline, appeals, trade, slightly, person, soon, saying, later, sellers, federal, kudlow, uschina, thirdparty, talks, liable, court


Federal appeals court says Amazon is liable for third-party sellers' products

Kudlow says US-China trade talks to be held in person as soon as…

Kudlow later backed away slightly from his timeline, saying that the face-to-face talks would begin “soon” and that an announcement would be forthcoming.

Politics

read more


Company: cnbc, Activity: cnbc, Date: 2019-07-03  Authors: salvador rodriguez lauren feiner, salvador rodriguez, lauren feiner
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Trump’s decision to let Huawei buy US products is ‘not a general amnesty,’ Kudlow says

Kudlow said the administration has not removed Huawei from the blacklist that largely blocks the company from buying American products. Instead, the Commerce Department will simply grant more licenses to allow U.S. companies to sell products to Huawei so long as those sales pose no threat to national security, Kudlow said. “This is not a general amnesty, if you will,” Kudlow said in an interview with Fox News Sunday. “Huawei will remain on the so-called entity list where there are serious export


Kudlow said the administration has not removed Huawei from the blacklist that largely blocks the company from buying American products. Instead, the Commerce Department will simply grant more licenses to allow U.S. companies to sell products to Huawei so long as those sales pose no threat to national security, Kudlow said. “This is not a general amnesty, if you will,” Kudlow said in an interview with Fox News Sunday. “Huawei will remain on the so-called entity list where there are serious export
Trump’s decision to let Huawei buy US products is ‘not a general amnesty,’ Kudlow says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-30  Authors: spencer kimball
Keywords: news, cnbc, companies, decision, president, trump, things, trumps, summit, amnesty, allow, kudlow, buy, huawei, let, products, general, security, sell


Trump's decision to let Huawei buy US products is 'not a general amnesty,' Kudlow says

White House economic advisor Larry Kudlow responded Sunday to criticism of President Donald Trump’s controversial decision to allow Chinese telecom giant Huawei to buy US products, part of a truce Trump struck with Chinese President Xi Jinping at the G-20 summit in Japan over the weekend to ease trade war tensions.

Kudlow said the administration has not removed Huawei from the blacklist that largely blocks the company from buying American products. Instead, the Commerce Department will simply grant more licenses to allow U.S. companies to sell products to Huawei so long as those sales pose no threat to national security, Kudlow said.

“This is not a general amnesty, if you will,” Kudlow said in an interview with Fox News Sunday. “Huawei will remain on the so-called entity list where there are serious export controls and in national security inferences or suggestions there won’t be any licenses.”

Trump said he made the decision to allow Huawei to buy US products at the request of American “high tech companies.” The president said his administration will meet to more fully discuss the plan.

“One of the things I will allow, however, is — a lot of people are surprised we send and we sell to Huawei a tremendous amount of product that goes into a lot of the various things that they make — and I said that that’s OK, that we will keep selling that product,” Trump said at the G-20 summit.


Company: cnbc, Activity: cnbc, Date: 2019-06-30  Authors: spencer kimball
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Kudlow says the White House is not considering demoting Fed Chair Powell right now

President Donald Trump is not currently considering removing Jerome Powell as head of the Federal Reserve, despite persistent White House criticism of the way the central bank is handling monetary policy, one of the president’s top advisors said. Larry Kudlow, director of the National Economic Council, said Trump is not planning to demote Powell. A Bloomberg News report Tuesday morning said the White House had looked at such a move in February. However, it’s unclear what removing Powell would ac


President Donald Trump is not currently considering removing Jerome Powell as head of the Federal Reserve, despite persistent White House criticism of the way the central bank is handling monetary policy, one of the president’s top advisors said. Larry Kudlow, director of the National Economic Council, said Trump is not planning to demote Powell. A Bloomberg News report Tuesday morning said the White House had looked at such a move in February. However, it’s unclear what removing Powell would ac
Kudlow says the White House is not considering demoting Fed Chair Powell right now Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-18  Authors: jeff cox
Keywords: news, cnbc, companies, kudlow, federal, hikes, trump, removing, chair, house, markets, report, demoting, considering, right, powell, white, fed


Kudlow says the White House is not considering demoting Fed Chair Powell right now

President Donald Trump is not currently considering removing Jerome Powell as head of the Federal Reserve, despite persistent White House criticism of the way the central bank is handling monetary policy, one of the president’s top advisors said.

Larry Kudlow, director of the National Economic Council, said Trump is not planning to demote Powell. A Bloomberg News report Tuesday morning said the White House had looked at such a move in February.

Kudlow refused to confirm or deny the report but said it is no longer relevant.

“It’s a six-month-old story,” he told reporters. “It allegedly happened six months ago and it’s not happening today and therefore I have nothing to say about it. It is what it is.”

Amid multiple reports that Trump is not happy with Powell, the Fed chair himself has pushed back on the notion of him being removed from his post, saying that he can be dismissed only for cause.

Trump has been unhappy with the Fed for raising interest rates. The central bank approved four hikes in 2018, though markets expect up to three cuts by the end of 2019.

However, it’s unclear what removing Powell would accomplish. All of the rate hikes during his tenure were approved with broad-based support from the policymaking Federal Open Market Committee.

WATCH: Markets could drop 10% in a day if Trump demoted Powell, says expert


Company: cnbc, Activity: cnbc, Date: 2019-06-18  Authors: jeff cox
Keywords: news, cnbc, companies, kudlow, federal, hikes, trump, removing, chair, house, markets, report, demoting, considering, right, powell, white, fed


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