In this March 6, 2018, photo, President Donald Trump speaks during a news conference with Swedish Prime Minister Stefan Lofven in the East Room of the White House in Washington. (AP Photo/Evan Vucci) |
Incoming director of the White House National Economic Council Larry Kudlow said China needs a ‘tough response’ from the U.S. and its allies.
China – the largest source of the trade imbalance – is expected to respond to tariffs with higher import taxes on U.S. goods.
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