Joe.My.God. LGBT News
CBS News reports:
President Trump’s top economic adviser says China is bearing the brunt of the escalating trade dispute with the U.S., dismissing fears that reciprocal protectionist policies between the two economic giants will harm the American economy and precipitate a potential recession.
“The economic burden of these tariffs is falling most heavily on China, probably by a factor of 4 to 1 or 5 to 1,” Larry Kudlow, the director of the White House’s National Economic Council, said on “Face the Nation” Sunday. “The burden of this thing is falling way on China.”
But Kudlow on Sunday reiterated that the president is simply defending American interests. He suggested that fears about an economic downturn as a result of the dispute with Beijing are overblown, saying the administration is not worried about a recession. “I just want to disabuse so much of this recession talk out there. It just ain’t so,” he added.
White House economic adviser Larry Kudlow clarifies President Trump having second thoughts on escalating the trade war: “He actually had second thoughts about possibly a higher tariff response to China. So it was not to remove the tariff” #CNNSOTU pic.twitter.com/9UgKplhrLI
— CNN Politics (@CNNPolitics) August 25, 2019
White House Economic Advisor Larry Kudlow tells @margbrennan the president does have “authority to block private businesses from investing in China.” But he added “He is not intending to right now. That is not his intention.” pic.twitter.com/bO0UNKGjb9
— Face The Nation (@FaceTheNation) August 25, 2019
Larry Kudlow says he does not think China will retaliate to the tariffs Pres. Trump put in place on Friday. He says the president’s action was “to respond to their action. So I doubt whether they’re going to take another step.” pic.twitter.com/i2FBgtO9ZC
— Face The Nation (@FaceTheNation) August 25, 2019
White House Economic Council Director Larry Kudlow says he wants to “disabuse so much of this recession talk out there. It just ain’t so.” He added, “We’re not worried about a recession.” pic.twitter.com/YMEANGjjhh
— Face The Nation (@FaceTheNation) August 25, 2019