Examining the Strength of the Trump Economy
President Trump's confidence in the strength of the US economy is driving his decision to intensify his trade struggle with China. Credit Tom Brenner for The New York Times
WASHINGTON - President Trump's chief economic adviser said on Sunday that US consumers will suffer some pain from the escalating trade war with China, which contradicts Trump's claim that his tariffs are a multibillion-dollar payment, mostly in one way from China to the US Treasury.
The comments of Larry Kudlow, director of the National Economic Council, came after the 11th round of trade negotiations broke without reaching an agreement, which led Trump to increase tariffs on Chinese products worth $ 200 thousand. million and start a process to impose taxes. Almost all the products that China exports to the United States.