[Washington 17th Reuters]-Chairman of the Canadian National Economic Council (NEC) is on the move to compile the "first stage" trade agreement in the United States and China on the 17th, Asia-Pacific Economic Cooperation to be held in Chile next month He said it could be signed at a meeting (APEC) summit.
In an interview with CNBC, Dr. Kadlow stressed that the first-stage agreement includes not only China's purchase of rice but also lowering non-tariff barriers to agricultural products. He said that the issue of compulsory technology transfer needs to be covered in “second stage”.
Furthermore, the Federal Reserve Board (FRB) said it was “heading in the right direction” and expects a 25 basis point (bp) rate cut to be appropriate, ahead of the US Federal Open Market Committee (FOMC) this month. Indicated. At the same time, he criticized the FRB officials as part of the “Dark State”.
As for Turkey, it states that it is ready to launch additional sanctions as necessary to stop the invasion of northeastern Syria. “There is a possibility of invoking further sanctions to curb Turkish movements,” he said.
He also said that despite the discord between President Trump and President Pelosi, Congress hopes to ratify the new US-Mexico-Canada Agreement (USMCA) that will replace the North American Free Trade Agreement (NAFTA). It was.