Market news
03.04.2020, 14:20

White House economic advisor Kudlow says banks are ready to go on coronavirus small business loan program

  • Does not see any roadblocks on small business loan program
  • Leading bankers talking to Treasury Secretary Mnuchin on relief lending
  • May seek relief loans expansion if needed
  • Does not expect tariff rollback due to virus
  • Individual tariff exemption cases could still be examined
  • Pulling tariffs would send the wrong signal on trade policy
  • U.S. is talking to Russia, Saudis on oil. No need to go via OPEC
  • President Trump talks with Russia, Saudis will yield results
  • U.S. cannot dictate decisions on oil production to U.S. companies
  • President Trump will stand up to any efforts to collude in energy markets that impacts U.S. industry

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