White House adviser compares China trade talks to Cold War

White House economic adviser Larry Kudlow compared trade talks with China on Friday to the US standoff with Russia during the Cold War. In other words, negotiations could continue for a long time.

US and Chinese officials have agreed to hold their next round of talks in Washington next month.

Kudlow discounted the notion that next year's election increases the urgency for President Donald Trump to conclude the trade war.

"The stakes are so high, we have to get it right, and if that takes a decade, so be it," he said.

Kudlow emphasized that it took the United States decades to get the results it wanted with Russia.

He noted that he worked in the Ronald Reagan administration: "I remember President Reagan waging a similar fight against the Soviet Union."