NEC's Kudlow Warns China 'Do Not Underestimate' Trump on Trade

The transcript discusses the current state of the Chinese economy, highlighting its decline and the People's Bank of China's efforts to stabilize it. The conversation touches on the fall of the yuan and the potential impact of investment leaving China. The discussion shifts to US trade negotiations, emphasizing President Trump's determination to enforce fair trade practices and the use of tariffs as a strategic tool. The US aims to exert pressure on China to reform its trade practices, with little progress in recent talks.

What stance does the speaker take regarding President Trump's approach to trade negotiations?

What does the speaker suggest about the future of trade negotiations with China?