Trade adviser Kudlow says 'both sides will pay' in trade war

WASHINGTON – President Donald Trump’s chief economic adviser said Sunday that U.S. consumers will bear a burden from the escalating trade war with China, contradicting Trump’s claim that his tariffs are a multibillion-dollar, one-way payment by China to the U.S. Treasury.

Adviser Larry Kudlow made his comments two days after negotiations for a trade deal with China broke off and Trump followed through on a threat to raise tariffs on $200 billion worth of Chinese exports.

http://www.startribune.com/trade-adviser-kudlow-says-both-sides-will-pay-in-trade-war/509829842/