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."
