Trump ‘not going to again down’ on commerce deal with out China concessions: report

President Donald Trump won’t conform to any new commerce deal until China agrees to make substantive modifications to the best way it does business, in line with a brand new report Tuesday.

Citing White House advisers, Reuters reported that China’s offering to buy more American goods is just not sufficient to resolve the commerce battle, and structural reforms — including the way it handles mental property — are vital.

“The president’s mentioned many instances how essential that’s, and he’s not going to again down,” Trump’s high financial adviser, Larry Kudlow, instructed Reuters.

The world’s two greatest economies are going through a March 1 deadline to settle their commerce variations before Trump raises tariffs on $200 billion of Chinese items from 15% to 25%.

The two sides are subsequent scheduled to satisfy subsequent week.

Separately, Kudlow on Tuesday denied a report that the U.S. had canceled a planning assembly before these talks attributable to variations over mental property guidelines. “The story is just not true, there was by no means a deliberate assembly,” Kudlow told CNBC.

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