US-China Trade War: Larry Kudlow Hopes G20 Meeting Might Possibly Settle The Tiff

White House economic adviser Larry Kudlow on Tuesday confirmed that the Donald Trump-led government has begun talks with the Chinese government at all levels ahead of the scheduled meeting between US President Trump and Chinese President Xi Jinping at the G20 su

mit in Buenos Aires this week.

“We’re having now a lot of communication with the Chinese government at all levels,” Kudlow said, reported CNBC. “We were at a total standstill. Nothing was going on.”

As part of the trade war, the US President has imposed tariffs on $250 billion of Chinese goods, while China in retaliation has imposed tariffs on worth $110 billion of US goods.

Kudlow said the formal dinner planned for Saturday evening between the two leaders could lead to a new beginning if President Xi is ready to come up and present some new ideas to the United States.

“President Xi has an opportunity to change the tone and the substance of these talks,” said Kudlow. “This is a big opportunity. President Trump has indicated he’s open. Now we have to know if President Xi is open.”

Kudlow added that while the two leaders will have talks over trade and business with each other during the G20, a deal will be made in real time.

“President Trump has a terrific track record as a negotiator,” said Kudlow. “He will know through fact and instinct how to handle this.”

The White House officials have not yet offered any more detail about the planned formal dinner and are yet to disclose who will be attending. It also remains unclear if the two countries would issue a statement following the end of their meeting. Notably, National Security Adviser John Bolton, Secretary of State Mike Pompeo along with Treasury Secretary Steven Mnuchin and Ambassador Robert Lighthizer will also be attending the G20 summit.