Trump adviser Kudlow says U.S. has upper hand in China trade dispute
WASHINGTON (MarketWatch) - The chief White House economic adviser on Tuesday said President Trump has the upper hand in a major trade dispute with China because "the U.S. economy is very strong, theirs is not." In a CNBC interview, Larry Kudlow said Trump still wants a trade deal and the U.S plans to host Chinese negotiators in September, but China has to make concessions to forestall the imposition of stiffer U.S. tariffs. Kudlow pointed out that inflation remains very low and consumers are doing great even though the cost of some products have risen due to tariffs. "The economic burden of tariffs is falling almost 100% on China," he contended. Kudlow conceded Chinese leaders could be waiting to see who wins the 2020 presidential election, but he asserted that its economy would only get worse if they did.
Published:8/6/2019 8:56:50 AM