Kudlow: Our Farmers Are ‘Patriots, They Support the President’s Dealings with China’

‘It’s a very unbalanced trading relationship’

EXCERPT:

KUDLOW: "Well, look, that may be, I don’t want to forecast that. We’ll see if China steps in to fill the void. Our farmers have been terrific, they’re patriots, they support the President’s dealings with China, strongest president we’ve ever had in U.S.-China relations. China’s problems, you know, IP theft, forced transfers of technology, problems with getting into cloud services, problems with tariffs, problems with non-tariff barriers, all these things are going to have to be addressed. And that’s the only way it’ll help the American economy. It’s a very unbalanced trading relationship, Margaret, as you may know. That has to be fixed. It’s not going to be 50-50. They have many more remedies and correctives to make, and that’s what President Trump said in his news conference and elsewhere in this recent trip to Japan. Now having said that, with respect to the farmers, we are doing the best we can. We are providing short-term assistance to keep them going and try to fill the void until we can get better international markets. The farmers themselves, the farm groups, they’ve been great patriots and we celebrate their support to make America’s overall economy very, very strong. And let’s see if the Chinese make good on this promise, that’ll have a bearing. You know, the President said on tariffs, let me make this point, he said, 'No additional tariffs for now.' So he’s going good faith to see how these talks go, to see if China delivers on an early agriculture promise, let’s call it an early harvest, but that may be up for grabs. We will see. No one can predict with certainty."

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