CLOSINGS: View Closings

Trump's top economic adviser doubles down on tariffs

Top White House economic adviser Larry Kudlow expressed support Sunday for President Donald Trump's enthusiastic purs...

Posted: Jul 30, 2018 8:27 AM
Updated: Jul 30, 2018 8:27 AM

Top White House economic adviser Larry Kudlow expressed support Sunday for President Donald Trump's enthusiastic pursuit of tariffs on China, saying that so long as tariffs are "targeted," the actions are valid.

Kudlow, whose comments walked back his previous pre-White House characterization of tariffs as a "regressive tax on low-income families," was responding to a question from anchor Jake Tapper on CNN's "State of the Union" about whether he agreed with Trump's tweet last week that "Tariffs are the greatest!"

"You know, if they're targeted for good purpose, as per China, I think the answer is absolutely yes," Kudlow answered.

Kudlow further remarked that his support for targeted tariffs has "always" been his view.

"Most free traders agree China has not played by the rules, and the trading system is broken largely because of them," he said.

Last week Trump defended his pursuit of tariffs against China as well as allies around the world on Twitter.

"Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs. It's as simple as that - and everybody's talking! Remember, we are the 'piggy bank' that's being robbed. All will be Great!" his tweet said.

While Trump touted an agreement last week between the US and European Union to reduce tariffs and barriers to trade following several weeks of escalating trade tensions, his trade war with China was having a negative impact elsewhere.

The administration unveiled $12 billion in aid last week for farmers hurt by Chinese reprisals targeting Trump voters, which are already having a painful impact on US soybean and pork exports.

Still, Kudlow touted the booming US economy overall on Sunday, saying the President deserves credit for recent economic victories, including 4.1% economic growth in the second quarter of the year -- the best showing since 2014, and unemployment lower than it has been for decades.

"I think the President deserves a victory lap," Kudlow said. "Low tax rates, rolling back regulations, opening up energy ... trade reform, which I think is already paying off with respect to the EU agreement we did last week. The fundamentals of the economy look really good."

Critics, however, say Trump's tax cuts may not filter down significantly to blue-collar Americans and are certain to widen economic inequality. The GOP's tax cuts and a bipartisan agreement to increase spending could explode the deficit, according to Congressional Budget Office projections, and wage growth -- long the downside of the recovery since the Great Recession -- is still fairly flat.

Kudlow warned against blaming Trump for economic tensions and to "give him a chance to get the policy in place."

"He inherited a completely broken world trading system, including a World Trade Organization, most particularly China, but not only China," Kudlow said. "He's trying to fix it. Other US presidents in both political parties, Dems and Republicans evenhanded, have never pushed the way he's pushing."

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 726600

Reported Deaths: 13379
CountyCasesDeaths
Marion992781737
Lake53359964
Allen40387675
St. Joseph35449550
Hamilton35440408
Elkhart28376439
Tippecanoe22336217
Vanderburgh22271396
Porter18637306
Johnson17876377
Hendricks17154314
Clark12919191
Madison12574339
Vigo12426245
Monroe11845169
LaPorte11773210
Delaware10615185
Howard9859215
Kosciusko9366117
Hancock8239140
Bartholomew8042155
Warrick7766155
Floyd7645177
Grant7019174
Wayne7018199
Boone6669101
Morgan6547139
Dubois6148117
Marshall6000111
Dearborn578577
Cass5780105
Henry5681102
Noble558283
Jackson500472
Shelby489496
Lawrence4492120
Gibson434391
Harrison434271
Clinton426853
DeKalb425284
Montgomery423388
Whitley394439
Huntington387480
Steuben382957
Miami380266
Knox371890
Jasper362747
Putnam358560
Wabash353178
Adams340654
Ripley338970
Jefferson328881
White312854
Daviess295899
Wells290481
Decatur283592
Fayette278662
Greene276685
Posey270933
LaGrange264770
Scott264753
Clay259245
Randolph239781
Washington239532
Spencer231331
Jennings229248
Starke214452
Fountain211946
Sullivan211042
Owen197056
Fulton194640
Jay191830
Carroll188120
Perry182637
Orange182454
Rush172925
Vermillion168343
Franklin167735
Tipton162345
Parke145916
Blackford134532
Pike133034
Pulaski116045
Newton107034
Brown101541
Crawford99114
Benton98414
Martin87815
Warren81415
Switzerland7848
Union70710
Ohio56211
Unassigned0413

Ohio Coronavirus Cases

Data is updated nightly.

Cases: 1080121

Reported Deaths: 19344
CountyCasesDeaths
Franklin1254981392
Cuyahoga1115202107
Hamilton798171200
Montgomery512711012
Summit46997933
Lucas41982782
Butler38273580
Stark32190907
Lorain24910480
Warren24249297
Mahoning21474586
Lake20586368
Clermont19727238
Delaware18496131
Licking16396210
Fairfield16144199
Trumbull15996466
Medina15233262
Greene15027244
Clark13960297
Wood13056188
Portage12806201
Allen11609231
Richland11308198
Miami10659215
Muskingum8795132
Wayne8777210
Columbiana8756229
Pickaway8547121
Marion8511135
Tuscarawas8467243
Erie7859154
Hancock6900126
Ross6835152
Ashtabula6777169
Geauga6665148
Scioto6398101
Belmont5856167
Union570047
Lawrence5542102
Jefferson5511151
Huron5422119
Darke5344122
Sandusky5330120
Seneca5268121
Athens518258
Washington5148109
Auglaize488484
Mercer480185
Shelby468593
Knox4479110
Madison435461
Putnam4268100
Ashland421289
Fulton420969
Defiance418997
Crawford3965106
Brown392957
Logan381176
Preble379098
Clinton370561
Ottawa366279
Highland353861
Williams338075
Champaign330458
Guernsey315453
Jackson312051
Perry294550
Morrow283839
Fayette281449
Hardin270364
Henry268166
Coshocton264258
Holmes2590101
Van Wert242863
Pike237433
Adams237052
Gallia235048
Wyandot230654
Hocking215162
Carroll191247
Paulding172440
Meigs144639
Noble133337
Monroe131942
Morgan108323
Harrison107537
Vinton82415
Unassigned02
Fort Wayne
Cloudy
39° wxIcon
Hi: 59° Lo: 36°
Feels Like: 39°
Angola
Cloudy
37° wxIcon
Hi: 56° Lo: 37°
Feels Like: 37°
Huntington
Clear
41° wxIcon
Hi: 59° Lo: 35°
Feels Like: 41°
Decatur
Cloudy
39° wxIcon
Hi: 60° Lo: 37°
Feels Like: 39°
Van Wert
Cloudy
42° wxIcon
Hi: 60° Lo: 37°
Feels Like: 38°
We'll start Friday off dry, but the chance of rain returns. Scattered showers will be possible by late morning until the evening.
WFFT Radar
WFFT Temperatures
WFFT National

Community Events