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Trump praises China talks; aides downplay friction over Huawei arrest

Reuters  |  WASHINGTON 

By and Lisa Lambert

WASHINGTON (Reuters) - U.S. on Friday sounded an optimistic note about trade negotiations with as two of his top economic and trade advisers downplayed friction from the arrest of a of Chinese

"talks are going very well," Trump said on Twitter, without providing any details.

Major companies have expressed concerns about the how the arrest of Huawei in at the request of U.S. authorities would affect U.S.-relations or that it would cause a potential backlash against American firms operating in China.

But Larry Kudlow, of the White House's National Economic Council, told CNBC he did not believe Meng's arrest would "spill over" into the talks with China aimed at increasing Beijing's purchases of U.S. farm and commodities, lowering Chinese tariffs and sweeping changes to China's policies on intellectual property and

Kudlow said the investigation of whether Huawei violated U.S. sanctions against were on a "separate track" from the trade talks and was a matter of national security and U.S. law.

"You can't break the law. You break the American law, you break the Canadian law, you've got to pay the consequences of that," Kudlow said of the Huawei case. "That was the case with other companies, and will continue to be the case. These are issues of national security."

also told that the U.S.-China trade talks and the Huawei arrest "are two separate events," calling the timing of Meng's arrest a coincidence.

Kudlow expressed optimism that the and China will make substantial progress during the 90-day period allocated for talks, ending around March 1.

"I think there will be a lot of success in the next 90 days; has indicated, that if there's good solid movement and there's good action, he might - he might - be willing to extend the 90 days," Kudlow told CNBC.

He reiterated that the was expecting immediate movement from China on purchases of agricultural commodities and and added that he expected Chinese autos tariffs to be reduced. He said it was a positive sign that China was willing to discuss core issues related to intellectual property theft, forced and computer hacking of U.S. companies.

However, Kudlow said U.S. Trade Robert Lighthizer, who will lead the American side in the talks, will be looking to ensure that any agreements can be fully enforced and monitored to ensure follow-through by

(Additional reporting by in Washington and Kanishka Singh in Bengaluru; Editing by and Dan Grebler)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 07 2018. 22:03 IST