Kudlow Undercuts Trump, Admits American Consumers Are Paying For China Tariffs

Trade war consumer 0I don’t know any economist who argues that tariffs are a net good. 

Not even Trump’s economist. 

If Trump fires Kudlow, he’s going to have to look long and hard to find someone who agrees with him. 

National Economic Council Director Larry Kudlow admitted on Sunday that American importers and consumers would have to pay the tariffs on Chinese imports, completely contradicting President Trump’s claims that China pays the duties.

On Fox News Sunday, two days after the US-China trade deal fell apart, anchor and political commentator Chris Wallace pressed Kudlow: “It’s not China that pays the tariffs, it’s the American importers, the American companies that pay what, is in fact, a tax increase.”