Kudlow contradicts Trump, says China isn't paying tariffs on goods going into US

Source: The Hill | May 12, 2019 | Justin Wise

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.

“Fair enough. In fact, both sides will pay in these things, and of course it depends,” Kudlow responded, with Wallace interjecting to point out that “if it’s a tariff on goods coming into the country, the Chinese aren’t paying.”

“No, but the Chinese will suffer [gross domestic product] losses and so forth with respect to a diminishing export market and goods that they may need,” Kudlow said.

Wallace replied by noting that Trump has said China pays the tariffs.

“They may suffer consequences, but it’s U.S. businesses and U.S. consumers who pay, correct?” he asked.

Kudlow responded by saying he didn’t disagree with that characterization, adding that both sides will suffer because of new tariffs.

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  • Consistent May 12, 2019 at 12:26 pm #29426

    EVERYDAY May 12, 2019 at 1:59 pm #29427

    Larry, Larry, Larry. You have gone over to the dark side and now your brain is mush. Of course, the American consumer is going to pay big time for Trump’s temper tantrums. Only a complete idiot would think otherwise. But I guess you have to hedge on this issue to keep your job. How does it feel, Larry, to have to sacrifice your reputation and credibility to remain gainfully employed?

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