Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
"This president's got some backbone, others didn't and he's raising the issue in full public view, setting up a process that may include tariffs. Hopefully, it will be mostly negotiations," Kudlow said on "Squawk on the Street. " "I don't know if we'll have tariffs or not."
"[Trump] is responding to decades of misdeeds by China [on] trade," said Kudlow, an ex-CNBC contributor and a former Wall Street economist. "It's high time we did that."
"Somebody's got to do it. Somebody's got to say to China, 'you are no longer a Third World country. You are a First World country and you have to act like it,'" he said. "The president's got to stick up for himself and the United States."
In a tweet early Monday, Trump called out China again for what he has said are unfair trade practices by the world's second-largest economy.
The president unveiled a list of Chinese imports last week that his administration aims to target as part of its crackdown on China. Shortly after the announcement, the Asian nation announced additional tariffs. China's Foreign Ministry blamed the United States on Monday for trade friction and said that it was impossible for negotiations to take place under current conditions.
Stocks were higher Monday as the Trump administration tried to soften its tone regarding trade relations. During a "Fox News Sunday" interview, Kudlow tried to calm trade war fears but added Trump was "not bluffing" on tariffs. Treasury Secretary Steven Mnuchin said Sunday he does not expect a trade war between the U.S. and China to take place.
Trump last month picked Kudlow to succeed Gary Cohn as director of his National Economic Council. Cohn, former No. 2 executive at Goldman Sachs, resigned from the White House role shortly after losing his fight to persuade the president not to impose import tariffs on steel and aluminum, an earlier move separate from the latest China tariffs over what the U.S. considers Chinese companies' theft of American intellectual property.
Saying he supports almost all of Trump's policies, Kudlow on Monday reminded viewers he did not like the across-the-board steel and aluminum tariffs announced last month. But he said Trump fixed that with the exemptions that included Canada and Mexico, pending a successful reworking of the 1994 North American Free Trade Agreement.
"I have no specifics to offer this morning, but I will say progress is being made on renegotiating and recalibrating NAFTA. Good progress is being made on that," Kudlow added.