White House adviser expresses optimism about China trade progress

Investing.com -- Kevin Hassett, a White House economic adviser, expressed hope for progress in trade discussions with China, during his appearance on CNBC’s "Squawk Box" program on Thursday. He highlighted China’s recent steps towards reducing some tariffs as a positive sign of potential advancement in the negotiations.

Hassett mentioned that there have been "loose discussions" between the two governments, but clarified that he personally has not been involved in any direct talks with Chinese officials. The economic adviser’s comments come in the wake of China’s move last week to decrease some tariffs, a move that Hassett believes indicates the two nations are nearing significant progress in their trade negotiations.

"I think that the fact that the tariffs came off last week shows that we’re very close to making the kind of progress we need to move the ball forward," Hassett stated during the program. His optimism suggests a potential shift towards a more positive trajectory in the ongoing trade discussions between the U.S. and China.

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