White House Adviser: US, China Could Reach New Trade Deal
U.S. President Donald Trump and Chinese President Xi Jinping could reach a new trade deal between the world's two largest economies when they meet in Argentina this weekend, White House economic adviser Larry Kudlow said Tuesday. "The president said there is a good possibility that we can make a deal and he is open to it," he said of Trump. But he cautioned that obstacles remain. Kudlow said the two leaders must resolve the issues of "fairness and reciprocity" at the center of the dispute. "China should change its practices and come into the community of responsible trading nations," he said. "Their responses have disappointed because ... we can't find much change in their approach." The U.S. and China over several months have imposed tit-for-tat tariffs on hundreds of billions…