WH Economic Adviser Kudlow: Tariffs will play a role in the negotiations

WH Economic adviser Larry Kudlow, speaking on CNBC this Monday, commented on the much talked about and recently concluded US-China trade talks. 

   •  The fine details will be worked out over time with China. Are making progress.
   •  Progress is progress in terms of the Long term.
   •  If China reduces trade barriers, the US will be able to export volumes of goods and services. 
   •  You cannot remove tariffs from this process. Not saying tariffs are over, but we are in a negotiations stage.
   •  Tariffs will play a role in the negotiations. That's how it works. 
   •  No one is satisfied with the intellectual property situation in China.

Additional quotes:

   •  We want a good deal on NAFTA.
   •  Many of items on NAFTA has been negotiated.
   •  There is a willingness to get a deal done.
   •  Does not think the timeline is as tight as Rep Paul Ryan outlined. May be flexible.
   •  We are entering a new long cycle of growth and prosperity.
   •  USD looks steady, ‘Steady is good’.
   •  Strong USD attracts investment.