sai5r019 CChina expected to retaliate, Trump likely to meet with Xi at G-20, Kudlow says | Fox Business FOXIBUSINESS China expected to retaliate, Trump likely to meet with Xi at 20, Kudlow says By Matthew Kazin | Published May 12, 2019 | Trade War | FOXBusiness White House economic adviser Larry Kudlow said Sunday he expects China to retaliate af the U.S. after President Trump increased tariffs last week on Chinese goods. “The expected countermeasures have not yet materialized,” Kudlow told “Fox News Sunc “We'll see what they come up with. So far we haven't heard on that basis.” The U.S. increased tariffs Friday on $200 billion worth of Chinese goods to 25 percent from percent after trade negotiators from both countries failed to come to an agreement Additionally, Trump called for U.S. Trade Representative Robert Lighthizer to begin raising tariffs on “essentially all remaining imports from China, which are valued at approximately billion.” The president told reporters last week that the tariffs would be paid for “mostly” by China, though Kudlow said Sunday that “both sides will pay,’ noting that the tariffs will cause Chi suffer GDP losses as its export market diminishes. “Both sides will suffer on this,” Kudlow s He also said trade talks will continue, though there are no set plans yet, and the likelihood Trump meeting with Chinese President Xi Jinping next month during the G-20 summit in J is “pretty good.” CLICK HERE TO GET THE FOX BUSINESS APP itpsww foxbusiness.com/economylchinaanis-rump-xisinping-Kudlow-rade 42sa1s2019 China expected orotate, Trump Ikely to meet with Xi at G-20, Kudlow says | Fox Business In order for the U.S. to sign a trade deal with China, the White House economic adviser sair Beijing must, in part, agree to stop stealing American intellectual property, end the practic forced technology transfer and cyber intervention and fix tariff and non-tariff barriers. “Things seem to be taking too long and we can’t accept any backtracking,” Kudlow said. “\ don't think the Chinese have come far enough. We will wait and see” URL http://www foxbusiness.com/economy/china-tarifs-rump-xijinping-kudlow-trade Quotes delayed at least 15 minutes. Real-time quotes provided by BATS BZX Real-Time Price. Market Data provided by Interactiv {Terms & Conditions). Powered and Implemented by Interactive Data Managed Solutions. Company fundamental data provit Morningstar. Earnings estimates data provided by Zacks, Mutual fund and ETF data provided by Lipper. Economic data provie Econoday. Dow Jones & Company Terms & Conditions. This material may not be published, broadcast, rewritten, or redistributed. ©2019 FOX News Network, LLC. All rights reserved Updated Privacy Policy itpsww foxbusiness.com/economylchinaanis-rump-xisinping-Kudlow-rade 22