Kudlow does not expect China to retaliate against latest U.S. tariffs
WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Sunday that he does not expect China to retaliate against additional tariffs on Chinese goods that U.S. President Donald Trump announced Friday.
Asked on CBS’ “Face the Nation” program if he expected retaliation, Kudlow said: “I do not. I think his was an action to respond to their action. So I doubt whether they’re going to take another step. I have not heard their official response yet. We’ll have to wait and see.”
Trump on Friday put an additional 5% duty on some $550 billion in targeted Chinese goods, hours after China unveiled retaliatory tariffs on $75 billion worth of U.S. goods.
Reporting by David Morgan; Editing by Lisa Shumaker