April 8, 2020

US Tariff Payment Deferrals Rejected as “Too Complicated”

The Trump administration has decided not to postpone tariff payments as part of its response to the pandemic, National Economic Council Director Larry Kudlow said on Friday. Appearing on Bloomberg TV , Kudlow said the administration had decided that temporarily suspending most-favoured-nation tariff payments would be “too complicated” and would send “the wrong signal in terms of the president’s trade policy,” Bloomberg reported.