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Kudlow Sees ‘Pot of Gold’ Resulting From U.S.-China Trade Dispute

Posted April 05, 2018

Under Economic Issues, International Trade Issues

(Robert Schroeder – MarketWatch)

U.S. stocks were deep in the red Wednesday after China retaliated against the Trump administration’s proposed penalties on Chinese goods, but one of the president’s top advisers is telling markets “don’t overreact.”

Larry Kudlow, who took over as the head of the National Economic Council this week, told Fox Business he understood market anxiety about the trade conflict. “I get that,” he said.

But he said he thought there would be better economic growth, more trade, and “improved wages for both sides” — what he described as a “pot of gold.” He described the Trump administration’s aim as ultimately getting rid of trade barriers. “Any time you lower barriers,” he said, “it’s good for growth.” He added, “it’s good for American growth and American workers. It’s good for China’s growth. It’s good for the rest of the world’s growth.” Click here to read more.