Kudlow Contradicts Trump on Tariffs

White House economic adviser Larry Kudlow admitted to Fox News that the Chinese do not directly pay tariffs on goods coming into the U.S.

Axios: “President Trump has repeatedly claimed, incorrectly, that tariffs are forcing China is paying billions of dollars to the U.S. Treasury. The tariffs are paid by U.S. importers of affected Chinese goods, not by China’s government or by Chinese companies. Importers then either raise costs on consumers, lower their own profit margins or both.”