US/China Talks 'At The Highest Levels,' Says NEC's Kudlow

National Economic Council Director Laurence Kudlow told reporters recently that the U.S. and China have been talking. “Talks have stalled but in recent days I can report that there has been some communication for the first time in a good while…at the highest levels.”U.S. Treasury Secretary Steven Mnuchin and President Xi’s economic envoy, Liu He, and their teams have been in conversations about a possible meeting, but the talks remain at a preliminary stage. “China is not going to dominate our economy,” Kudlow said. “They are the ones with the lousy economy… Look at their stock market. Look at their currency. They are the ones in trouble, not us. We’re doing great.”Kudlow said Trump will not back off after Beijing said it plans to slap tariffs on $60 billion worth of American goods should the Washington follow through with its latest trade threats.Commerce Secretary Wilbur Ross has signaled more pain ahead unless China changes tact.