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Dec. 9, 2019, 9:26 p.m. EST

U.S.-China trade talks going in ‘good direction,’ Kushner says

White House adviser says he doesn’t know if Trump will apply more tariffs

By Robert Schroeder, MarketWatch


Associated Press
White House adviser Jared Kushner said he didn’t know if President Donald Trump would follow through with new tariffs on China.

Trade talks between the U.S. and China are “heading in a good direction,” White House adviser Jared Kushner said Monday, even as he declined to answer if President Donald Trump would follow through with more tariffs on Dec. 15.

“I don’t know what his decision will be,” said Kushner about Trump, who is also his father in law.

Kushner spoke at the Wall Street Journal’s CEO Council meeting in Washington.

With investors eyeing the trade talks ahead of Sunday’s tariff deadline, U.S. stocks closed lower on Monday. The Dow Jones Industrial Average (DOW:DJIA)   notched a 105-point decline.

Kushner said if it’s the “right” agreement for the U.S., Trump will sign a deal with Beijing.

House Speaker Nancy Pelosi, addressing the same event, said great progress has been made on reaching a deal over the U.S.-Mexico-Canada Agreement but final details for the trade pact were still being ironed out.

Link to MarketWatch's Slice.