Speaking on CNBC
- The fine details will be worked out over time with China. Are making progress
- Progress is progress in terms of the Long term
- If China reduces trade barriers, the US will be able to export volumes of goods and services.
- You can not remove tariffs from this process. Not saying tariffs are over, but we are in a negotiations stage
- Tariffs will play a role in the negotiations. That's how it works.
- We want a good deal on NAFTA
- Many of items on NAFTA has been negotiated
- There is a willingness to get a deal done
- Does not think the timeline is as tight as Rep Paul Ryan outlined. May be flexible.
- No one is satisfied with the intellectual property situation in China
- We are entering a new long cycle of growth and prosperity
- The revenue numbers are going up and the deficit numbers are starting to go down
- Thinks the tax cuts will pay for themselves.
- Strong dollar attracts investment
- Does not have targets for the US dollar
- The dollar looks steady and steady is very good.
- Steady means investors come to the US.
- Let China lower barriers and follow the rule of law and that gives US the chance for massive export sales.
The dollar has moved a little higher on Kudlow comments. The EURUSD cracked below last Wednesday's swing low. The USDJPY moved up a few pips (8-10 pips).
The Dow moved back above the 25K level. The S&P is steady/to up a little at 23 points. The Nasdaq is a little lower (from up 69 points to up 65 points).
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