Speaking on CNBC
The dollar has moved higher after WH Larry Kudlow said that the WH rules out any currency intervention
- Does not agree that Pres. Trump wants a weaker dollar
But he does say:
- Trump is concerned other countries may be manipulating their own currencies lower
- Trump wants a steady dollar
He adds:
- If US China trade talks go well, does not expect more tariffs
- Auto tariffs on Europe are on hold for months
- Lighthizer has prepared 301 action against France after digital tax
- Trump encouraged Apple's Cook to move ops out of China