Kudlow Says Some Tariffs on Chinese Goods Will Come Down With Deal
The top economist in the White House added some nuance to President Donald Trump's comment that tariffs would stay after a deal with China. Larry Kudlow, speaking on Fox Business News March 21, said, "Tariffs are going to be part of this process. Some will come down, but it is doubtful, as the president said today, that we will remove all the tariffs at once."
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"We're making a lot of progress" toward a China deal, Kudlow said, with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin headed back to China next week. But, he said, if China doesn't live up to an agreement, "we may have to use tariffs to deal with them, and we're asking China not to retaliate." Reports have said that China is balking at the prospect of agreeing not to retaliate if the U.S. hikes tariffs in the future.