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White House: Trade Agreement with China Not Close

Ken Bredemeier

   WASHINGTON - White House economic adviser Larry Kudlow said Sunday
   resumption of trade talks between the U.S. and China "is a very big
   deal," but acknowledged there is no immediate prospect for an agreement
   between the world's two largest economies.

   "The talks will go on for quite some time," Kudlow told the Fox News
   Sunday interview show.

   He said the countries had reached agreement on 90 percent of a new deal
   by early May, before talks broke down in what has turned out to be a
   seven-week stalemate. U.S. President Donald Trump and Chinese President
   Xi Jinping agreed Saturday on the sidelines of the Group of 20 economic
   summit in Japan to restart negotiations.

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