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You are here News Of Special Interest Kudlow contradicts Trump, says China isn't paying tariffs on goods going into US

Kudlow contradicts Trump, says China isn't paying tariffs on goods going into US

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Kudlow explains how tariffs workKudlow made the comments after Fox News anchor Chris Wallace repeatedly pressed him on "Fox News Sunday" about Trump's recent comments in regard to trade with China.

"It’s not China that pays tariffs. It’s the American importers, the American companies that pay what in effect is a tax increase and oftentimes passes it on to U.S. consumers," Wallace said.

They may suffer consequences, but it’s U.S. businesses and U.S. consumers who pay, correct?" he asked.

Kudlow responded by saying he didn't disagree with that characterization, adding that both sides will suffer because of new tariffs.

Trump said last week that his new round of tariffs on $200 billion worth of imports from China would benefit the U.S. The tariff hike came as China and the U.S. continue to negotiate a trade agreement.

TVNL Comment: To make it clear. Tariffs on Chinese goods are paid by those importing the goods into the US. That's why prices on these goods go up.  They are NOT paid by China to the government of the US.

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