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6/14, 8:08 PM (Source: TeleTrader)
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WH adviser Hassett hopes G20 solution to trade war

Chairman of the Council of Economic Advisers Kevin Hassett said on Friday that he hopes the United States and China will be able to bring their trade negotiations "back on track" at the G20 Summit in Osaka, Japan, later this month.

Speaking to CNBC, Hassett added that he did not see any indicators that show tariffs introduced by the US are affecting consumers. He also noted that the White House still expects US gross domestic product to come in at 3% in 2019.

The US and China are yet to announce if their presidents, Donald Trump and Xi Jinping, will hold bilateral talks at the Osaka event that is scheduled for June 28-29.

Breaking the News / VP