Chris Wallace of Fox News gets White House economic adviser to admit that it is the American people who pay for Trump’s tariffs with China.

By |2019-05-12T08:04:18-08:00May 12th, 2019|Categories: News|Tags: , , , , , |7 Comments


Courtesy of The Hill:

White House economic adviser Larry Kudlow on Sunday contradicted President Trump, saying he didn’t disagree with the characterization that China is not paying the tariffs on goods coming into the U.S.

Kudlow made the comments after Fox News anchor Chris Wallace repeatedly pressed him on “Fox News Sunday” about Trump’s recent comments in regard to trade with China.

“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,” Wallace said.

White House economic adviser Larry Kudlow on Sunday contradicted President Trump, saying he didn’t disagree with the characterization that China is not paying the tariffs on goods coming into the U.S.

Kudlow made the comments after Fox News anchor Chris Wallace repeatedly pressed him on “Fox News Sunday” about Trump’s recent comments in regard to trade with China.

“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,” Wallace said.

“Fair enough. In fact, both sides will pay in these things, and of course it depends,” Kudlow responded, with Wallace interjecting to point out that “if it’s a tariff on goods coming into the country, the Chinese aren’t paying.”

“No, but the Chinese will suffer [gross domestic product] losses and so forth with respect to a diminishing export market and goods that they may need,” Kudlow said.

Wallace replied by noting that Trump has said China pays the tariffs.

“They may suffer consequences, but it’s U.S. businesses and U.S. consumers who pay, correct?” he asked.

Kudlow responded by saying he didn’t disagree with that characterization, adding that both sides will suffer because of new tariffs.

I can’t believe I am saying this but that was a damn fine interview. 

And one that I hope Trump supporters actually saw and understood. 

Trump’s impulsive policy choices do nothing positive for everyday Americans but do help to line the pockets of big business tycoons, members of his family, and, of course, his rich buddies. 

You know shit is out of control when even Fox News starts calling out Trump’s administration publicly. 

About the Author:

This blog is dedicated to finding the truth, exposing the lies, and holding our politicians and leaders accountable when they fall far short of the promises that they have made to both my fellow Alaskans and the American people.

7 Comments

  1. Anonymous May 12, 2019 at 1:41 pm - Reply

    As the board game I played as a kid, “Go To The Head Of The Class!”

  2. Anonymous May 12, 2019 at 3:38 pm - Reply

    I’d like to take this opportunity to wish Donald Trump a Happy Mothers Day. He may have never gave birth to a child, but he’s still a mother, of a different type… a Mother Fucker.

  3. anonymous May 12, 2019 at 4:20 pm - Reply

    https://www.politicususa.com/2019/05/12/as-farmers-go-under-trump-goes-socialist-and-offers-a-bribe.html

    ” the president suddenly wants to use taxpayer money to buy the crops and give them away as foreign aid.
    Donald Trump’s desperation is transparent, as Mr. Capitalist is now proposing a socialist program to bribe farmers so that they don’t give him the boot in 2020.”

    https://www.politicususa.com/2019/05/12/trump-advisors-worry-that-trade-war-will-hurt-him-in-2020.html

    “Soybeans are the most valuable U.S. farm export but shipments to China dropped to a 16-year low in 2018.”

  4. Anonymos May 12, 2019 at 4:26 pm - Reply

    Well, duh and DUH. No fan of Chris Wallace, a mere sproik of what his Dad was.
    For all the MAGAs Trump rallies out there, they’re too stupid to know they’re losing everything.
    Good Lord.

  5. Jim isso Wright May 12, 2019 at 7:50 pm - Reply

    FB>”Trump is absolutely losing his shit online right now. A full on meltdown.
    OR
    Someone on his staff, who’s actually typing this insanity, is doing a pretty good job of making it appear that his boss is completely losing his shit. Because that’s what they think he sounds like (and he does).
    I don’t know which is worse: that he’s actually nuts — or his own staff THINKS he is.
    In any rational world, a 72-year-old tweeting shit like this, and there’d be a Silver Alert out in a three state area.”

    excerpt>””We will be taking in Tens of Billions of Dollars in Tariffs from China. Buyers of product can make it themselves in the USA (ideal), or buy it from non-Tariffed countries…”
    Tens of billions of dollars in NEW TAXES on stupid people too damned dumb to know how tariffs actually work or who pays them.
    “….We will then spend (match or better) the money that China may no longer be spending with our Great Patriot Farmers (Agriculture)…”
    “This is a great plan. Right? Fucking brilliant. Cut farmers off from their market. De facto tax AMERICANS ‘tens of billions.’ Use that money to buy crops from the farmers. Then GIVE THAT FOOD AWAY TO THIRD WORLD COUNTRIES.
    But NO SOCIALISM! So we can’t feed our OWN people. You know, the ones paying for it.”
    “”… many great new judges, & so much more. But we have had a giant SCAM perpetrated upon our nation, a Witch Hunt, a Treasonous Hoax.”

  6. Anonymous May 13, 2019 at 9:18 am - Reply

    Saw on bill maher how he seems dismal that trump and murdoch are ruining the world. He asks their wives to leave them and disorient the two old farts. Poor bill. He has no hope that trump will ever go away. And of coarse he wont, what with the evangelicals owning the supreme court and about to own womens vaginas, and the republicans finally having their undisputed way with rewarding their rich handlets, and putins warm, gushing attention, i believe america is sunk. And no one saw that iceberg coming but same scenerio and results.

    • Anonymous May 20, 2019 at 6:40 pm - Reply

      No one saw it???
      Many of us did!

Leave A Comment