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Kudlow Says Trump Won't Back Off After China Retaliates in Trade War

  • China announced $60 billion in planned U.S. retaliation Friday
  • Meat, wheat, wine and LNG potentially hit with highest duties
Bloomberg business news
Kudlow discusses China’s economy and Trump’s determination to follow through on trade tariffs against the nation.(Source: Bloomberg)
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President Donald Trump will keep pressing China for trade concessions, a top White House economic adviser said, as the Asian nation continued the tariff escalation by announcing further retaliatory actions against U.S. goods.

“We’ve said many times: no tariffs, no tariff barriers, no subsidies. We want to see trade reforms. China is not delivering, OK?,” National Economic Council Director Larry Kudlow said in a Bloomberg Television interview on Friday. “Their economy’s weak, their currency is weak, people are leaving the country. Don’t underestimate President Trump’s determination to follow through.”