White House economic adviser Larry Kudlow contradicts President Trump by saying that US consumers end up paying for the administration's tariffs on Chinese goods.
Allan Smith and Associated Press
"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 on to U.S. consumers."Later, Kudlow said China does not pay the tariffs, but"will suffer GDP losses and so forth with respect to a diminishing export market."for breaking news and politics
"Talks with China continue in a very congenial manner — there is absolutely no need to rush — as Tariffs are NOW being paid to the United States by China of 25% on 250 Billion Dollars worth of goods & products," TrumpTrump tweeted Sunday that the U.S."will be taking in Tens of Billions of Dollars in Tariffs from China. Buyers of product can make it themselves in the USA , or buy it from non-Tariffed countries ...
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