Lauding the president's "Trumpian way of negotiating" on imposing steel and aluminum tariffs — "knock them in the teeth and get their attention" — myriad exemptions for U.S. allies might ultimately slap the tariffs on China alone, economist Larry Kudlow said Sunday.
"Canada is exempt, Mexico is exempt, Australia is exempt, I guarantee you, all of Europe is going to wind up being exempt," Kudlow told "The Cats Roundtable" on 970 AM-N.Y., according to The Hill. "And I bet you our allies in Asia will wind up being exempt. China may be the only one [not exempt]."
Kudlow, who has been reported as a potential choice of President Trump's to replace departed chief economic adviser Gary Cohn, told host John Catsimatidis he is a proponent of "targeted tariffs" – something many in the Republican party have tried to push the administration toward.
President Trump's U.S. Director of Trade and Industrial Policy, Peter Navarro, foreshadowed an "exemption procedure" on CNN's "State of the Union" last week, but had promoted there will be no country "exclusions" because of a "slippery slope" – a slope the tariffs policy apparently is now headed down after an originally tough negotiating ploy.
"It's a Trumpian way of negotiating," Kudlow told Catsimatidis. "You knock them in the teeth and get their attention. And then you kind of work out a deal, and I think that's what he's done. My hats off to him. He had me really worried. Now I'm not."
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