The new director of the National Economic Council said it’s « possible » the tariffs never take effect.
Larry Kudlow, the new director of the National Economic Council, said on Wednesday that President Trump ’s proposed tariffs against China could be a negotiating tactic.
« Yes, it’s possible. It’s part of the process,” Kudlow said when asked by Kristen Welker of NBC News if it’s possible that tariffs against China are a negotiating tactic and won’t go into effect. “I would take the president seriously on this tariff issue.”
Kudlow’s remarks come shortly after China announced it plans to implement retaliatory tariffs on $50 billion worth of U. S. goods after President Trump announced last month that he planned to slap tariffs on $50 billion worth of Chinese goods.
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China’s announcement triggered a sell-off in financial markets and the U. S. stock market dropped more than 300 points right after opening.
