Larry Kudlow CNBC interview
- Cabinet was not asked by President Trump to draw up trade plan for China -- officially denying Bloomberg report from sources
- Has already put out demands to China regarding trade.
- There is no mass moment, not on the cusp of a deal.
- President Trump's phone call with Xi was positive. Trade will be on the agenda at the G-20.
- G-20 meeting is definitely going to happen.
- There is still a chance for additional tariffs; it depends on how talks go.
- If China makes progress toward demands, tariffs could be removed.
- Not as optimistic as he was before.
- Does not want to comment on the Fed's recent rate increases.
- Middle class tax cut is on the table after the midterms.