[U.S.] Kudlow: Tariff payment deferrals rejected as ‘too complicated’

April 6, 2020

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-favored-nation tariff payments would be “too complicated” and would send “the wrong signal in terms of the president’s trade policy,” Bloomberg reported. President Trump on Tuesday denied a Bloomberg report saying he had decided to grant the Treasury Department...

This is excerpted from the 6 April 2020 edition of World Trade Online.

The National Economic Council resides within the Office of Policy Development and is part of the Executive Office of the President. By Executive Order, the NEC has four principal functions: to coordinate policy-making for domestic and international economic issues, to coordinate economic policy advice for the President, to ensure that policy decisions and programs are consistent with the President's economic goals, and to monitor implementation of the President's economic policy agenda.

Topic(s)

International Trade and Border Management

Information source

Industry Publication

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