White House economic advisor Larry Kudlow came out on television again Friday to try to calm fears on the escalating tariff situation with China, maintaining for the second time this week that the U.S. is not in a trade war, negotiations are still in the works, and that China is to blame — not President Trump.
"We are considering adding tariff pressures. Considering. ... I don't want to disrupt the economy. The president doesn't want to disrupt the economy ... This a moderate, temperate approach we are taking ... this is not a trade war."— Larry Kudlow to Bloomberg's Jonathan Ferro