LARRY KUDLOW: We can't let China slip away
Published On Feb 4, 2025, 6:04 PM
Larry Kudlow discusses the implications of President Trump's new 10% tariffs on China, highlighting ongoing issues with unfair trading practices and the lack of enforcement of previous trade agreements. He asserts that China has not complied with the Phase One Trade Deal and continues to engage in intellectual property theft and forced technology transfers. Kudlow emphasizes that the lifting of the de minimis exemption, which allows duty-free goods under $800, has led to an influx of cheap Chinese goods detrimental to U.S. businesses and has facilitated the smuggling of harmful substances like fentanyl into the U.S. He advocates for maintaining these tariffs and not reinstating leniencies that allow such practices to continue.
Stock Forecasts
SPY
Negative
Given the continuation of tariffs and the ongoing tension in U.S.-China trade relations, the U.S. manufacturing and retail sectors could face increased pressure, especially if small businesses struggle to compete. However, companies positioned to benefit from domestic manufacturing and alternatives to Chinese imports could see positive outcomes.
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