White House economic adviser Larry Kudlow said on Monday that he is still not sure if President Donald Trump will impose his proposed tariffs on countries like China.
On his sixth day as Trump’s chief economic adviser, Kudlow spoke with his former network, CNBC, about whether Trump will start a trade war that could hurt the U.S. economy.
Kudlow, however, said that countries like China were to blame for creating a trade imbalance and stealing intellectual property.
“Take a look at what China’s responses have been,” Kudlow told CNBC. “You’re just blaming President Trump. China has been tough, ideological, mean. Read their press releases. Part of the reason to consider a second action, China’s response to the first one was completely unsatisfactory. And by the way, it wasn’t very diplomatic either.”
Kudlow accused former presidents Barack Obama, Bill Clinton and George W. Bush of being weak on trade with China.
“We’ve never stayed the course,” he said. “I don’t know whether we’re going to have tariffs or not. I would take the president’s arguments quite seriously. We may. On the other hand, we may be able to settle this with negotiations. We will see how this thing turns out.”
Watch the video below from CNBC.
White House spokesperson ridiculed for ‘pathetic’ spin on Trump’s trade war admission: ‘Does she think we believe that?’
Hours after Donald Trump blithely admitted that he had "second thoughts" about his trade war with China that has damaged the U.S. economy and helped set the stage for a possible recession, White House spokesperson Stephanie Grisham was forced to issue a clarification about the president's comments.
Addressing Trump's G7 response about his tariffs, widely interpreted by the press as expressing some regret, Grisham issued a statement saying the president meant that he wished he had increased his market-destroying tariffs even more.
"The President was asked if he had ‘any second thought on escalating the trade war with China,'" White House press secretary Stephanie Grisham relayed. "His answer has been greatly misinterpreted. President Trump responded in the affirmative - because he regrets not raising the tariffs higher."
Here is why Trump is obsessed with Greenland
They say that history repeats itself, first as tragedy, then as farce. Remember that President Harry Truman tried to purchase Greenland in 1946; now, in 2019, President Donald Trump is trying to do the same thing.
This article first appeared in Salon.
To be clear, Trump’s farcical, “absurd” idea — to borrow the adjective used by Danish Prime Minister Mette Frederiksen — is not happening, and was never going to happen. As Frederiksen pointed out, Greenland is “not for sale." Trump, for his part, has not backed down from the idea.
Iowa’s Steve King facing ouster because his campaign is broke and his allies have fled: report
Iowa Republican Steve King is facing losing his seat representing his district in the U.S. House of Representatives as his campaign finds itself broke and the Republican Party has turned its back on him after his latest round of controversial comments.
According to a report from the Daily Beast, his campaign is struggling to bring donors -- who once wholeheartedly supported him --back into the fold.
Even worse, his colleagues in Congress have also abandoned him.