White House economic adviser Larry Kudlow on Sunday acknowledged to Fox News' Chris Wallace during an appearance on Fox News Sunday that the recently implemented tariffs on goods imported into the U.S. from China will have ramifications for U.S. companies and consumers, alike.
Wallace, The Hill writes, repeatedly pressed Kudlow on the subject, eventually leading the director of the National Economic Council to admit that both countries could feel adverse economic effects as a result of the policy. Wallace was trying to challenge the idea that China foots the bill for the tariffs, as espoused by President Trump.
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