President Donald Trump is continuing to defend his escalating trade war with China as good economic policy. This, as China announces plans to retaliate against the latest U.S. move to hike the tariff rate on Chinese goods. This morning, the president tweeted “There is no reason for the U.S. Consumer to pay the Tariffs,” but White House economic advisor Larry Kudlow acknowledged on Fox News Sunday that the US will pay for the hike in tariffs on China, saying "both sides will suffer on this."
ABC’s Lana Zak joined the show.
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