Kudlow says China will retaliate over Trump’s tariff hike
President Trump’s top economic adviser Larry Kudlow said Sunday that he expected China to retaliate against the administration’s planned tariff hike.
“I think I do, but it’s interesting, the expected countermeasures haven’t yet materialized,” Kudlow told Chris Wallace on “Fox News Sunday.” “I reckon they will. We’ll see what they come up with. So far we haven’t heard on that basis.”
Talks with the Chinese are in limbo as the Chinese delegation left D.C. without an inked trade deal earlier this week. Kudlow said new talks haven’t been scheduled yet, but the Chinese have invited Amb. Robert Lighthizer, the U.S. trade representative, to Beijing.
He added that it’s likely Trump and Chinese President Xi Jinping will meet at next month’s G20 in Japan.
Last Sunday, Trump used Twitter to announce the tariff spike.
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