Trump Administration Ratchets Up Tariffs, So Far Without Retaliation From China
White House economic adviser Larry Kudlow admitted Sunday that it's U.S. businesses and customers that pay tariffs levied on Chinese goods, in contrast to President Trump's line on the matter.
by Laurel Wamsley
May 13, 2019
3 minutes
The Trump administration imposed new higher tariffs on $200 billion in Chinese goods on Friday morning after trade talks failed to yield a deal. But to the surprise of many, China has yet to retaliate with new tariffs of its own.
Larry Kudlow, Trump's top economic adviser said on Sunday that he is among those expecting a reaction from China. But so far "the expected countermeasures haven't yet materialized," Kudlow on Fox News Sunday. "I reckon they will. We'll see what they come up
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