Kudlow Says the Trade War Is Hurting China More

The transcript discusses the potential impacts of tariffs on agricultural products between the US and China. It highlights the economic burden on China, the minimal impact on US consumers, and the strength of the US economy. The conversation also touches on the modeling of tariff impacts and the potential outcomes of upcoming trade talks with China.

What is the potential benefit of China purchasing agricultural products according to the discussion?

• It would lead to a decrease in tariffs.

• It would strengthen the Chinese economy.

• It would be a positive development in trade talks.

• It would increase US consumer prices.

How does the speaker describe the impact of tariffs on US consumers?

• Harmful to consumer spending

• Significant and widespread

• Minimal and negligible

• Beneficial for the economy

What is highlighted as a strong aspect of the American economy?

• Government spending

• Export growth

• Consumer spending and income

• Manufacturing output

What does the speaker suggest about the economic burden of tariffs?

• It falls most heavily on China.

• It has no significant impact on either country.

• It falls mostly on US consumers.

• It is equally shared between the US and China.

What potential outcome is discussed regarding future meetings with China?

• Increased tariffs on US goods

• Positive developments in trade relations

• A complete halt in trade

• A significant rise in consumer prices