President Donald Trump likes to say that China will pay the tariffs he’s set up on about $300 billion worth of the country’s exports to the United States. His top economic adviser says otherwise.

National Economic Council Director Larry Kudlow confirmed Sunday what other analysts have said for months: Tariffs are assessed against companies importing goods made in China. But these companies pass the costs on to their buyers, and ultimately the American consumer pays the higher prices.

Trump is right to complain about China’s economic practices. But his strategy of leveling the playing field with tariffs is likely to backfire.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.