Headline Roundup • May 12th, 2019
Kudlow Contradicts Trump, Says US Will Pay For China Tariffs
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New York Post (News)
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,...
The Hill
White House economic adviser Larry Kudlow on Sunday contradicted President Trump, saying he didn't disagree with the characterization that China is not paying the tariffs on goods coming into the U.S.
Kudlow made the comments after Fox News anchor Chris Wallace repeatedly pressed him on "Fox News Sunday" about Trump's recent comments in regard to trade with China. "It’s not China that pays tariffs. 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," Wallace said.
Washington Post
National Economic Council Director Larry Kudlow acknowledged Sunday that American consumers end up paying for the administration’s tariffs on Chinese imports, contradicting President Trump’s repeated claim that the Chinese foot the bill.
In an appearance on “Fox News Sunday” two days after U.S.-China trade talks ended with no news of a deal, Kudlow was asked by host Chris Wallace about Trump’s claim.
“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...
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