Fox News' Chris Wallace confronts Larry Kudlow over Trump's bogus claim that China will pay for tariffs: 'That isn't true'

Fox News' Chris Wallace confronts Larry Kudlow over Trump's bogus claim that China will pay for tariffs: 'That isn't true'
Image via Screengrab.

Fox News host Chris Wallace on Sunday reminded Larry Kudlow, director of the National Economic Council, that Americans will be forced to pay for the tariffs that President Donald Trump is putting on Chinese goods.

“It’s not China that pays tariffs, it’s the American importers, the American companies that pay what is in effect a tax increase,” Wallace explained. “And oftentimes passes it on to U.S. consumers.

“Fair enough,” Kudlow replied. “In fact, both sides will pay.”

“If it’s a tariff on goods coming in, the Chinese aren’t paying,” the Fox News host pointed out.

Kudlow insisted that China would suffer G.D.P. losses.

“I understand that but the president says China pays the tariffs,” Wallace said. “They may suffer consequences but it’s U.S. businesses and U.S. consumers who pay.”

Watch the video below from Fox News.

Enjoy this piece?

… then let us make a small request. AlterNet’s journalists work tirelessly to counter the traditional corporate media narrative. We’re here seven days a week, 365 days a year. And we’re proud to say that we’ve been bringing you the real, unfiltered news for 20 years—longer than any other progressive news site on the Internet.

It’s through the generosity of our supporters that we’re able to share with you all the underreported news you need to know. Independent journalism is increasingly imperiled; ads alone can’t pay our bills. AlterNet counts on readers like you to support our coverage. Did you enjoy content from David Cay Johnston, Common Dreams, Raw Story and Robert Reich? Opinion from Salon and Jim Hightower? Analysis by The Conversation? Then join the hundreds of readers who have supported AlterNet this year.

Every reader contribution, whatever the amount, makes a tremendous difference. Help ensure AlterNet remains independent long into the future. Support progressive journalism with a one-time contribution to AlterNet, or click here to become a subscriber. Thank you. Click here to donate by check.

DonateDonate by credit card


Thanks for your support!

Did you enjoy AlterNet this year? Join us! We're offering AlterNet ad-free for 15% off - just $2 per week. From now until March 15th.