Site icon The Punching Bag Post

Kudlow Defends Trump’s China Policy

<p>Newly-appointed Economic Adviser Larry Kudlow on Sunday defended Trump&rsquo&semi;s China policy and called the president a &ldquo&semi;free trader&rdquo&semi; despite trade policies that appear to be protectionist&period;&nbsp&semi;<&sol;p>&NewLine;<p>Trump&rsquo&semi;s proposed tariffs on China &&num;8211&semi; which could reach &dollar;60 billion &&num;8211&semi; are meant to force Beijing to stop stealing America&rsquo&semi;s intellectual property&comma; said Kudlow&period;&nbsp&semi;<&sol;p>&NewLine;<p>&ldquo&semi;China technology transfer is China&rsquo&semi;s stealing of American intellectual property rights&comma; the Chinese counterfeiting of American goods&comma; the Chinese tariffs and barriers have got to stop&comma;&rdquo&semi;&nbsp&semi;Kudlow told radio host John Catsimatidis&period; President Trump &ldquo&semi;regards himself as a free trader&comma;&rdquo&semi; continued Kudlow&comma; but &ldquo&semi;the path to free trade must be to correct unfair trading practices&comma; of which&comma; frankly John&comma; China is guilty&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Trump has also hit China with tariffs on solar panels and washing machines in addition to the recently announced 25&percnt; tariff on steel and 10&percnt; tariff on aluminum&period; China has reacted to the offenses by proposing &dollar;3 billion in reciprocal tariffs&comma; including taxes that will disproportionately affect farmers in states that voted for Trump&period;&nbsp&semi;<&sol;p>&NewLine;<p>&ldquo&semi;I must say&comma; as someone who doesn&rsquo&semi;t like tariffs&comma; I think China has earned a tough response&comma;&rdquo&semi; said Kudlow during an interview with CNBC&period; &ldquo&semi;A thought that I have is that the United States could lead a coalition of large trading partners and allies against China or to let China know that they are breaking the rules left and right&period;&rdquo&semi;&nbsp&semi;<&sol;p>&NewLine;<p>Kudlow publicly criticized Trump&rsquo&semi;s steel and aluminum tariffs when they were originally announced&comma; but has since accepted them as part of the president&&num;8217&semi;s negotiating strategy&period;<&sol;p>&NewLine;<p>&ldquo&semi;My problem with the steel and aluminum tariffs&hellip&semi;it might do harm to American users of steel and aluminum&comma;&rdquo&semi; said Kudlow&comma; adding that he was &ldquo&semi;relieved&rdquo&semi; when Trump proposed excluding Canada&comma; Mexico&comma; and Australia&period; &ldquo&semi;I just don&rsquo&semi;t like blanket tariffs&comma;&&num;8221&semi; he continued&comma; &&num;8220&semi;and I don&rsquo&semi;t think you should punish your friends&comma; you should try to punish your enemies&comma; in international affairs&period;&rdquo&semi;<&sol;p>&NewLine;<p>Kudlow also blamed the recent 1&comma;400-point drop in the stock market on the &&num;8220&semi;US-China tariff argument&period;&&num;8221&semi;&nbsp&semi;<&sol;p>&NewLine;<p>&&num;8212&semi;<&sol;p>&NewLine;<p>Kudlow&comma; a former CNBC host&comma; was appointed earlier this month to replace Gary Kohn&comma; who resigned abruptly after Trump announced the tariffs on aluminum and steel&period;&nbsp&semi;<&sol;p>&NewLine;

Exit mobile version