WH adviser Kudlow: Lots of momentum to complete US-China agreement

Eren Sengezer FXStreet

In an interview with CNBC on Thursday, White House economic adviser Larry Kudlow said that he sees "lots of momentum" to complete the United States (US)-China trade agreement.

"Phase-one of the US-China trade includes lowering of nontariff barriers on agriculture, not just purchases," Kudlow added and said the phase-one deal with China is "for real."

The 10-year US Treasury bond yield was up 1.1% on a daily basis at 1.760% following these comments and the S&P 500 Futures was up 0.32% to suggest Wall Street's main indexes will open the day in the positive territory.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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