Larry Kudlow |
Wallace pressed:
It's not China that pays tariffs. It’s the American importers, the American companies that pay what, in effect, is a tax increase and oftentimes passes it on to U.S. consumers.Kudlow responded:
Fair enough. In fact, both sides will pay. Both sides will pay in these things.This is along the lines of what I explained here and direct contradiction to President Trump's claim that the Chinese are paying the tariffs.
Here is Wallace and Kudlow:
Chris talks to @larry_kudlow about who actually pays the tariffs with China if they were to be imposed #FNS pic.twitter.com/cwl89OyLDK— FoxNewsSunday (@FoxNewsSunday) May 12, 2019
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