China Ambassador Warns Of "Dire Consequences" If No Deal, Hints At "All Out" War

By Tyler Durden

November 27, 2018 "Information Clearing House" -  Earlier today, Trump's chief economic advisor Larry Kudlow poured cold water on expectations for an imminent resolution of the US-China trade war when he said that negotiations in the run up to this week's G-20 talks "haven't yielded any progress", and unless something changes, the "administration will move ahead with the next phase of tariffs."

"Things have been moving very slowly between the two countries," Kudlow said, adding that it was up to Xi to come up with new ideas to break the deadlock. And, echoing a report from the US Trade Representative published earlier this month, Kudlow said there hasn't been much of a change in China's approach. "We can’t find much change in their approach," Kudlow told reporters. "President Xi may have a lot more to say in the bilateral [with Mr Trump], I hope he does by the way, I think we all hope he does...but at the moment, we don‘t see it."

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