July 26, 2019 / 2:27 PM / 2 months ago

White House adviser says doesn't expect grand deal from next week's China trade talks

WASHINGTON, July 26 (Reuters) - White House economic adviser Larry Kudlow said on Friday he does not expect a grand deal from next week’s trade talks with China but that U.S. negotiators hoped to reset the stage for further productive talks on reducing trade barriers.

“They’re going to meet next week in Shanghai,” Kudlow said in an interview with CNBC. “I wouldn’t expect any grand deal. I think, talking to our negotiators, they’re going to kind of reset the stage and hopefully go back to where the talks left off last May.” (Reporting by Makini Brice; writing by David Alexander; editing by Jonathan Oatis)

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