Larry Kudlow on tariffs: Blame China, not Trump
President Trump's new chief economic advisor, Larry Kudlow, told Fox Business Network on Wednesday that the economic standoff between the United States and China is "absolutely not" a trade war, adding that people should "blame China, not President Trump."
"Trump is really the first president to fight back ... this stuff is not just unfair — it's unlawful ... Every country in the world knows this ... There's no trade war here. What you've got is the early stages of a process that will include tariffs, comments on the tariffs, then ultimate decisions and negotiations. There's already backchannel talks going on."