White House economic adviser Larry Kudlow said the risk of higher prices to American consumers and businesses because of tariffs on Chinese goods are worth it if the nation ends up with a fairer trade deal.
When pressed in a Fox News interview on President Trump’s statements that China will pay the tariffs and that instead Americans are projected to pay higher prices for goods, Kudlow said, “Yes, to some extent. I don’t disagree with that. Again, both sides will suffer.”
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