White House economic adviser Larry Kudlow (Image: Getty)
President Donald Trump and White House economics adviser Larry Kudlow got into a big argument about the consequences of Trump’s actions in his trade war with China, it was reported this week.
According to The Washington Post, Trump and Kudlow “had it out” after the latter contradicted the president publicly by affirming that American workers and businesses would be most affected by Trump’s decision to impose $200 billion in tariffs on Chinese-made goods like electronics, bicycles, clothing and drug store essentials like pens and greeting cards. China’s government responded to this action with their own tariffs on $60 billion worth American imports.
The report also noted that Trump told Kudlow to “not worry about” how American businesses and workers would be affected by the tariffs.
Stephen Moore — whom Trump had named for a Federal Reserve board seat but has since withdrawn from consideration for the position — reportedly told the Post that Trump is unlikely to change his decision regarding Chinese imports unless a negotiation is reached that would alter the terms of U.S.-China trade policies.
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“I don’t see him crying uncle anytime soon,” said Moore. “It’s a high-risk strategy, but it’s not in his personality to back down. This goes back to what he said that first time he came down the escalator at Trump Tower.”
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Trump also tweeted Monday that there is “no reason” American taxpayers should have to bear the burden of the tariffs on China because the country subsidizes many of its products.
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