1 / 2TrumpPresident Donald Trump speaks with reporters before boarding Air Force One at Morristown Municipal Airport in Morristown, N.J., Sunday, Aug. 18, 2019. BERKELEY HEIGHTS, N.J. — President Donald Trump dismissed concerns of recession on Sunday and offered an optimistic outlook for the economy after last week's steep drop in the financial markets.
Kudlow also defended the president's use of tariffs on goods coming from China. Before he joined the administration, Kudlow was known for opposing tariffs and promoting free trade during his career as an economic analyst. Kudlow said Trump has taught him and others that the"China story has to be changed and reformed."Democratic presidential candidate Beto O'Rourke said the U.S. needed to work with allies to hold China accountable on trade.
Story continues"Weak global growth and trade tensions are having an effect on the U.S. economy," he said. Trump acknowledged at least a potential impact on consumers when he paused a planned 10% tariff hike for many items coming from China, such as cellphones, laptops, video game consoles, some toys, computer monitors, shoes and clothing.
Kudlow was interviewed on NBC's"Meet the Press" and"Fox News Sunday." O'Rourke spoke on NBC, and Navarro appeared on CNN's"State of the Union" and CBS'"Face the Nation."
He doesn't see the big picture he thinks small