Some of US President Donald Trump’s have been trying to walk back the possibility of a trade war with China. This comes after China announced new tariffs on American goods to the tune of $50 billion - targeting items such as soybeans and cars.

The country was responding to tariffs that the US itself had slapped on China for around the same amount. But now Larry Kudlow, Trump’s top economic adviser who replaced Gary Cohn last week is suggesting that “it’s possible” that the tariffs will never actually be imposed.

Looks like they might be leaving the door open for further negotiation?

That’s because the proposed product list is currently open for comments and the US Trade Representative will review the comments until the end of May.

Following Kudlow’s remarks, US stocks rallied after tumbling to start of the day So how is China likely to respond today, or will it let the US make the next move?

We get in deeper dive into what China might be thinking with Tommy Xie, Head of Greater China Research, OCBC Bank.

Some of US President Donald Trump&rsquo;s have been trying to walk back the possibility of a trade war with China.&nbsp;This comes after China announced new tariffs on American goods to the tune of $50 billion - targeting items such as soybeans and cars.
The country was responding to tariffs that the US itself had slapped on China for around the same amount.&nbsp;But now Larry Kudlow, Trump&rsquo;s top economic adviser who replaced Gary Cohn last week is suggesting that &ldquo;it&rsquo;s possible&rdquo; that the tariffs will never actually be imposed.
Looks like they might be leaving the door open for further negotiation?
That&rsquo;s because the proposed product list is currently open for comments and the US Trade Representative will review the comments until the end of May.
Following Kudlow&rsquo;s remarks, US stocks rallied after tumbling to start of the day So how is China likely to respond today, or will it let the US make the next move?
We get in deeper dive into what China might be thinking with&nbsp;Tommy Xie, Head of Greater China Research, OCBC Bank.

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