Larry Kudlow said that the US economy would maintain the pace of 3% even without a trade agreement with China

Larry Kudlow, director of the National Economic Council, said Tuesday that the US economy would continue to grow at a brisk pace until 2019, even though the US and China have not reached a trade deal .

"The US economy is very strong," Kudlow told CNBC's Power Lunch. "I think we are in very good shape and we will maintain a growth rate of 3% this year."

"This figure of 3% is not contingent on an agreement with China that may not be satisfactory for US economic interests," Kudlow added. "What has changed is lower tax rates, mbadive deregulation, the opening of the energy sector and various trade reforms."

Stock markets fell sharply in May after China and the United States increased their tariffs on billions of dollars worth of goods. Previously, representatives from both sides had indicated that progress was being made on the trade front. This has led the financial markets to take into account the resolution of the US-Chinese commercial niche.

Kudlow also ignored the release of weaker-than-expected economic data from last week.

The US economy created only 75,000 jobs last month, the Department of Labor said Friday. Economists surveyed by Dow Jones expected a gain of 180,000 jobs. In the United States, manufacturing activity has grown at its slowest pace since October 2016.

"I would not put a lot of stock into the number of jobs a month ago.There is a lot of other evidence" of a strong economy, said Kudlow, pointing out an upbeat survey of small businesses in the NFIB and a record number of hirings in April.

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