'We have them over a barrel' — Kudlow says tough US tariffs give Trump edge in China trade talks

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'There may be a meeting down in Florida, in Mar-a-Lago, between the 2 leaders. Maybe late this month or early next month... There's a lot of talk about a meeting,' Trump advisor Larry Kudlow said of U.S.-China trade talks.

President Donald Trump's aggressive tariffs have taken their toll on the Chinese economy, giving Washington the edge in trade talks with Beijing, top White House economic advisor Larry Kudlow said Friday.

"We have hurt them," Kudlow said on"Squawk on the Street," as both sides hope the finish line to resolving their trade war is near."We are still negotiating by phone and teleconference." As Kudlow was speaking on CNBC, Trump told reporters at the White House that he remains confident a trade deal will be reached. But the president added that the U.S. will do well with or without an agreement.

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