Sunday, August 18, 2019
White House trade adviser Peter Navarro said on CNN's "State of the Union" Sunday that tariffs on Chinese goods are not hurting consumers in the United States, despite reports to the contrary from researchers at Harvard, the University of Chicago, the International Monetary Fund, the Federal Reserve of Boston and more....
Why it matters: The Trump administration announced last week that the impending 10% tariffs on $300 billion worth of Chinese imports would be delayed from Sept. 1 to Dec. 15 for certain products. Trump and other aides explained that the delay is intended to help consumers who might be affected by tariffs during the holiday season " suggesting that the administration does, in fact, agree with experts that the trade war is harming Americans.
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