White House economic adviser Larry Kudlow contradicts President Trump by saying that US consumers end up paying for the administration's tariffs on Chinese goods.
Allan Smith and Associated Press
"It’s not China that pays tariffs," Wallace said."It’s the American importers, the American companies that pay what, in effect, is a tax increase and oftentimes passes it on to U.S. consumers."Later, Kudlow said China does not pay the tariffs, but"will suffer GDP losses and so forth with respect to a diminishing export market."for breaking news and politics
"Talks with China continue in a very congenial manner — there is absolutely no need to rush — as Tariffs are NOW being paid to the United States by China of 25% on 250 Billion Dollars worth of goods & products," TrumpTrump tweeted Sunday that the U.S."will be taking in Tens of Billions of Dollars in Tariffs from China. Buyers of product can make it themselves in the USA , or buy it from non-Tariffed countries ...
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kudlow acknowledges US will pay for China tariffs, contradicting TrumpKudlow contradicted President Trump's claims that China alone will pay tariffs imposed by the U.S.
Read more »
Trump economic official Larry Kudlow admits Americans 'will suffer' from higher China tariffs“In fact, both sides will pay in these things,” director of the National Economic Council Larry Kudlow argued.
Read more »
Larry Kudlow contradicts President Trump on a critical aspect of the trade warWhite House economic adviser Larry Kudlow offered his version of the “both sides” take in an interview on Fox News.
Read more »
Kudlow: ‘Both sides will suffer’ in U.S.-China trade warThe Trump administration will seek additional financial aid for farmers stung by the U.S.-China trade war, a top White House official said Sunday
Read more »
U.S. and China at impasse over trade, Kudlow says new tariffs will remainThe United States and China appeared at a deadlock over trade negotiations on Su...
Read more »
Kudlow says he expects China to retaliate against US over tariffsKudlow, however, said there are 'no concrete, definite plans' yet for continued trade talks.
Read more »
Kudlow says Trump-Xi meeting likely next month at international meetingLarry Kudlow, President Donald Trump's top economic adviser, said Sunday there is a 'strong possibility' Trump will meet Chinese President Xi Jinping at the G20 economic summit in Japan next month and said he expects China to retaliate against the US for its increase this week in tariffs on Chinese goods as Beijing has indicated it would.
Read more »
White House Top Economic Adviser Larry Kudlow Undercuts Trump on TariffsAlex Edelman-Pool/Getty ImagesPresident Trump’s top economic adviser admitted on Sunday that American companies and consumers would have to pay for new tariffs on Chinese goods—undercutting the president, who has repeatedly claimed that China would somehow be paying for the new penalties directly.On
Read more »
As Trump fights with China over trade, U.S.-China economic relationship already being redefinedThe trend of U.S. companies serving Chinese consumers with products made in China could pose a significant challenge to Trump’s “America First” agenda
Read more »
China may withdraw from this week's trade talks with U.S. after Trump threats: reportChina may pull out of trade talks scheduled for this week in Washington after President Donald Trump said he would raise tariffs on $200 billion in Chinese...
Read more »