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Trump's top economic advisor doubles tariffs



Kudlow, whose comments went back to his earlier designation of White House tariffs as a "regressive tax on low-income families," responded to a question from anchor Jake Tapper about CNN's "State of the Union" as to whether he did Trump's Tweet last week agreed that "the fares are the biggest!"

"You know, if they are targeted for a good cause, like in China, I think the answer is absolutely yes," Kudlow replied.

Kudlow went on to say that his support for targeted tariffs was "always" his view.

"Most free traders agree that China did not play by the rules, and the trading system is broken mainly because of them," he said.

Last week, Trump defended his persecution of tariffs against China as well as allies around the world on Twitter.

"Either a country that has treated the United States unfairly for trade negotiates a fair deal, or it is rewarded with tariffs, it's that simple – and everyone talks! Remember, we're the" piggy bank, " Everything will be great! "(19659007) While Trump announced last week an agreement between the US and the European Union to reduce tariffs and trade barriers after several weeks of escalating trade tensions, its trade war with China had a negative impact elsewhere ,

The government announced $ 12 billion in aid for Chinese reprisals against Trump voters last week, which is already having a painful effect on exports of soybeans and pork.
Yet, Kudlow announced on Sunday the booming US economy The President deserves credit for recent economic victories, including 4.1% economic growth in the second quarter of the year – the best since 2014 and lower unemployment for decades.

"I think the president deserves a bottom line," Kudlow said. "Low Tax Rates, Rolling Back Regulations, Opening Up Energy … Trade reform that I believe already pays off in relation to the EU agreement we made last week, the fundamentals of the economy are looking really good."

  Trump & Law: The economy is doing well and he deserves some credit

[19659008] Critics say, however, that Trump's tax cuts may not be among the Filter down Americans with the blue collar and will certainly increase economic inequality. The GOP tax cuts and a bipartite agreement to increase spending could blow up the budget deficit, according to Congressional Budget Office projections, and wage growth – long the downside to recovery since the Great Recession – is still fairly flat.

Kudlow warned against blaming Trump for economic tensions and "giving him a chance to put politics into effect."

"He inherited a completely broken world trade system, including a World Trade Organization, but especially China, not just China," Kudlow said. "He's trying to fix the problem, and other US presidents in both parties, Demis and Republicans, have never taken the path he's pushing for."

CNN's Stephen Collinson contributed to this report.


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