Kudlow's Message To China: This Is All Your Fault

Howard TerryApr 08, 2018

White House economic adviser Larry Kudlow spoke to the press pool on Friday and insisted that America is not in a trade war despite rising economic tensions with China.

Economists worry the tariff tit-for-tat between China and the United States could set off a trade war and lead to serious economic damage.

Kudlow, who recently replaced Gary Cohn in the top economic role, had expressed concern over tariffs but is now comfortable with Trump's posturing.

The primary objective of the tariffs is to promote free trade and to keep China from stealing USA technology, according to Kudlow.

He told Bloomberg News on Friday that tariff negotiations had not actually begun yet, and that he believes China's response to the administration's complaints "has been unsatisfactory". "What this is is an attempt to right some of the wrongs with respect to China".

Kudlow said the US hasn't given China a list of demands, but the administration has said that technology and intellectual property theft are central issues.

The former CNBC analyst said the onus is on China to rein in intellectual property theft and other trade practices.

"Blame China, not President Trump, because they've been going on for many years, Trump is really the first president to fight back and to put a shot across the bow", he said. "That's our future. We can't let them steal our work in this area", Kudlow said.

"China is the problem".

Trump announced the new tariff threat Thursday evening after China proposed $50 billion in USA goods in retaliation to the president's previous call for tariffs on Chinese imports.

"Blame China for not playing ball, don't blame the president".

"I'm not a tariff guy, I don't like to use tariffs".

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