No trade meetings with China canceled: Top economic adviser

Vastavam web: A top economic adviser to U.S. President Donald Trump on Tuesday pushed back against reports that a preliminary trade meeting between U.S. and Chinese officials was canceled, saying the story was not true. “With respect, the story is not true,” White House economic adviser Larry Kudlow told CNBC. The Financial Times also referred to the preparatory meeting as having been canceled. Separately, CNBC also reported the meeting had been called off. U.S. stocks extended losses and the dollar weakened against the Japanese yen after the FT report on concern the trade war between the world’s two biggest economies will continue and ultimately harm the global economy.