Trade war worries will not hurt GOP candidates in the midterm elections in November — as long as the economy stays strong, the Trump administration's chief economic adviser Larry Kudlow said Wednesday.
In an interview with Roll Call, the National Economic Council director suggested President Donald Trump's proposed steel and aluminum tariffs could be little more than a move to get China to the negotiating table over its trade practices — and predicted a U.S. trade deal with Canada and Mexico could be near.
"I'm a contrarian on this. I work in the White House once every 35 years," the former Reagan aide told Roll Call.
"What Ronald Reagan taught me 35 years ago is the key to politics is growth and the state of the economy. And we are improving by leaps and bounds.
"So, therefore, I would suggest to you that the pundits who have written off the GOP in the House and [maybe] the Senate . . . are missing that if the economy is growing at 3 percent or better — and I believe it will because of the tax and regulatory reforms — the GOP is going to be much stronger in November than a lot of people think," he said.
Republican lawmakers are concerned the GOP president could be triggering a global trade war that would likely hurt them at the ballot box in November.
"Hopefully, we won't get to that point" of a trade war, he told Roll Call.
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