Trump, allies play down concerns about effect of trade war with China on economy
President Trump and his allies again assured the country Sunday morning that they do not expect China to actually implement threatened tariffs that could rock the U.S. economy and hurt American farmers, especially those who grow soybeans or raise hogs.
“China will take down its Trade Barriers because it is the right thing to do,” Trump said in a tweet Sunday morning. “Taxes will become Reciprocal & a deal will be made on Intellectual Property. Great future for both countries!”
In interviews on Sunday morning talk shows, administration officials defended the president’s trade approach and emerging policy with regard to China. China and the United States have threatened to levy new tariffs on each other in an escalating trade dispute.
“No president has had the backbone to take it up publicly before,” Larry Kudlow, the new director of the National Economic Council, said on CNN’S “State of the Union.” “So, I think he is exactly right. And I say to everybody on this, the problem here is China. It is not President Trump. China has been getting away with this for decades.”