© 2026 ABC News

....completely avoided if you by from a non-Tariffed Country, or you buy the product inside the USA (the best idea). That’s Zero Tariffs. Many Tariffed companies will be leaving China for Vietnam and other such countries in Asia. That’s why China wants to make a deal so badly!...

— Donald J. Trump (@realDonaldTrump) May 13, 2019

..There will be nobody left in China to do business with. Very bad for China, very good for USA! But China has taken so advantage of the U.S. for so many years, that they are way ahead (Our Presidents did not do the job). Therefore, China should not retaliate-will only get worse!

— Donald J. Trump (@realDonaldTrump) May 13, 2019
\"PHOTO:
Evan Vucci/AP, FILE
PHOTO: White House chief economic adviser Larry Kudlow speaks with reporters outside the White House, May 2, 2019.
>

While economists continue to point out that president's argument that the U.S. consumer doesn't pay for the tariffs is false, the president's own top economic adviser Larry Kudlow has now also openly acknowledged that the U.S. consumer pays the price.

In an interview with Chris Wallace on \"Fox News Sunday,\" Kudlow openly contradicted the president.

\"It's the American importers, the American companies that pay what in effect is a tax increase and oftentimes passes it on to U.S. consumers,\" Wallace said in an exchange with Kudlow.

“Yes, to some extent. Yes, I don't disagree with that,” Kudlow acknowledged, even as he emphasized his point that “both sides' stand to suffer in the trade dispute.

Aaron Klein, a fellow at the Brookings Institution who previously served as a Deputy Assistant Treasury Secretary during the Obama administration, explains that tariffs are essentially a “tax on U.S. consumption of foreign goods.\"

Klein uses the example of a $300 Chinese-made television he recently bought at Costco to explain the impact the tariffs have on American consumers.

“If the president were to put a 25% tariff on my $300 TV, the TV is now $75 more expensive. So if I pay $375 for the TV, I've sent $75 in tariffs to the Treasury Department,” he said, demonstrating that the $75 price hike is paid for not by China but by the consumer.

The president also sent a tweet directly addressed to Chinese President Xi, warning that China will be “hurt very badly\" if you don’t make a deal.

“You had a great deal, almost completed, & you backed out!” Trump tweeted.

\"PHOTO:
Damir Sagolj/Reuters, FILE
PHOTO: President Donald Trump and China's President Xi Jinping meet business leaders at the Great Hall of the People in Beijing, China, Nov. 9, 2017.
>

The U.S. and China had been making progress toward a final trade deal but the tentative agreement all but fell apart last week after the Chinese sought to make revisions to the deal, the White House said. Chinese negotiators were in Washington on Thursday and Friday for talks. It’s not clear when trade representatives will meet again, but the White House says there’s a good possibility the president could meet with Xi on the sidelines of the G-20 conference next month.

The president’s tweets come as he carried through on a threat to raise tariffs on $200 billion worth of Chinese goods from 10 percent to 25 percent, while directing his economic team to explore possibly imposing new tariffs on virtually all other Chinese imported goods not currently subject to U.S. tariffs.

China announced plans on Monday to implement tariffs on $60 billion worth of U.S. goods imported to China starting June 1 in direct retaliation to the latest U.S. escalation.

“China’s adjustment of tariff-adding measures is a response to U.S. unilateralism and trade protectionism,” China’s State Council Customs Tariff Commission said.

The ongoing trade dispute continued to roil markets Monday, with the Dow dropping more than 500 points on the open following the news that China would move to counter U.S. tariffs.

","canonicalUrl":"https://abcnews.com/Politics/china-announces-tariff-retaliation-trump-defends-us-moves/story?id=63002639","legacySlug":"/news/story/china-announces-tariff-retaliation-trump-defends-us-moves-63002639","noIndexNoFollow":false},"publishTime":"20:14","publishDate":"05-13-2019","updatedTime":"20:55","updatedDate":"05-13-2019","socialImage":{"alt":"President Donald Trump listens during a meeting in the Roosevelt Room of the White House, March 13, 2019.","credit":"Saul Loeb/AFP/Getty Images","ratio":"16x9","url":"https://s.abcnews.com/images/Politics/trump-gty-ps-190513_hpMain_16x9_1600.jpg","width":992,"height":558},"datePublished":"5/13/2019 20:14:00 GMT","video":{"live":false,"id":63002639,"headline":"China announces tariff retaliation ","mediaAssetTitle":"TRUMP CHINA TARIFFS/MONDAY","description":"China has delayed implementation of its tariff increases until June 1. ","duration":"1:46","posterImg":{"url":"https://s.abcnews.com/images/GMA/default-img-undefined.png","width":608,"height":342},"video":{"feed":"https://service-pkgabcnews.akamaized.net/opp/hls/abcnews/2019/05/190513_gma_moran_705_,500,800,1200,1800,2500,3200,4500,.mp4.csmil/playlist.m3u8"},"playlist":["132306053","132266872","132055565"]},"relatedItems":[{"contentType":"video","date":"April 23, 2026","headline":"Trump orders Navy to 'shoot and kill' any boat laying mines in Strait of Hormuz","section":"News","slug":"/video/132306053","id":"132306053","image":{"alt":"VIDEO: Trump orders Navy to 'shoot and kill' any boat laying mines in Strait of Hormuz","credit":"ABCNews.com","ratio":"1x1","url":"https://s.abcnews.com/images/GMA/260423_gma_scott_ceasefire3_hpMain_1x1_608.jpg","width":384,"height":384},"images":{"alt":"VIDEO: Trump orders Navy to 'shoot and kill' any boat laying mines in Strait of Hormuz","credit":"ABCNews.com","crops":[{"16x9":{"small":"https://s.abcnews.com/images/GMA/260423_gma_scott_ceasefire3_hpMain_16x9_608.jpg","medium":"https://s.abcnews.com/images/GMA/260423_gma_scott_ceasefire3_hpMain_16x9_992.jpg","large":"https://s.abcnews.com/images/GMA/260423_gma_scott_ceasefire3_hpMain_16x9_1600.jpg"}},{"9x16":{"small":"https://s.abcnews.com/images/GMA/260423_gma_scott_ceasefire3_hpMain_9x16_608.jpg","medium":"https://s.abcnews.com/images/GMA/260423_gma_scott_ceasefire3_hpMain_9x16_992.jpg","large":"https://s.abcnews.com/images/GMA/260423_gma_scott_ceasefire3_hpMain_16x9_1600.jpg"}},{"1x1":{"small":"https://s.abcnews.com/images/GMA/260423_gma_scott_ceasefire3_hpMain_1x1_608.jpg","medium":"https://s.abcnews.com/images/GMA/260423_gma_scott_ceasefire3_hpMain_1x1_992.jpg","large":"https://s.abcnews.com/images/GMA/260423_gma_scott_ceasefire3_hpMain_1x1_1600.jpg"}}]}},{"contentType":"video","date":"April 22, 2026","headline":"Fallout after Fed nominee grilled on Capitol Hill","section":"News","slug":"/video/132266872","id":"132266872","image":{"alt":"VIDEO: Fallout after Fed nominee grilled on Capitol Hill","credit":"ABCNews.com","ratio":"1x1","url":"https://s.abcnews.com/images/GMA/260422_gma_schulze_fed3_713_hpMain_1x1_608.jpg","width":384,"height":384},"images":{"alt":"VIDEO: Fallout after Fed nominee grilled on Capitol Hill","credit":"ABCNews.com","crops":[{"16x9":{"small":"https://s.abcnews.com/images/GMA/260422_gma_schulze_fed3_713_hpMain_16x9_608.jpg","medium":"https://s.abcnews.com/images/GMA/260422_gma_schulze_fed3_713_hpMain_16x9_992.jpg","large":"https://s.abcnews.com/images/GMA/260422_gma_schulze_fed3_713_hpMain_16x9_1600.jpg"}},{"9x16":{"small":"https://s.abcnews.com/images/GMA/260422_gma_schulze_fed3_713_hpMain_9x16_608.jpg","medium":"https://s.abcnews.com/images/GMA/260422_gma_schulze_fed3_713_hpMain_9x16_992.jpg","large":"https://s.abcnews.com/images/GMA/260422_gma_schulze_fed3_713_hpMain_16x9_1600.jpg"}},{"1x1":{"small":"https://s.abcnews.com/images/GMA/260422_gma_schulze_fed3_713_hpMain_1x1_608.jpg","medium":"https://s.abcnews.com/images/GMA/260422_gma_schulze_fed3_713_hpMain_1x1_992.jpg","large":"https://s.abcnews.com/images/GMA/260422_gma_schulze_fed3_713_hpMain_1x1_1600.jpg"}}]}},{"contentType":"video","date":"April 15, 2026","headline":"American influencer found dead in Tanzania","section":"News","slug":"/video/132055565","id":"132055565","image":{"alt":"VIDEO: American influencer found dead in Tanzania","credit":"ABCNews.com","ratio":"1x1","url":"https://s.abcnews.com/images/GMA/260415_gma_norwood_ashlee2_732_hpMain_1x1_608.jpg","width":384,"height":384},"images":{"alt":"VIDEO: American influencer found dead in Tanzania","credit":"ABCNews.com","crops":[{"16x9":{"small":"https://s.abcnews.com/images/GMA/260415_gma_norwood_ashlee2_732_hpMain_16x9_608.jpg","medium":"https://s.abcnews.com/images/GMA/260415_gma_norwood_ashlee2_732_hpMain_16x9_992.jpg","large":"https://s.abcnews.com/images/GMA/260415_gma_norwood_ashlee2_732_hpMain_16x9_1600.jpg"}},{"9x16":{"small":"https://s.abcnews.com/images/GMA/260415_gma_norwood_ashlee2_732_hpMain_9x16_608.jpg","medium":"https://s.abcnews.com/images/GMA/260415_gma_norwood_ashlee2_732_hpMain_9x16_992.jpg","large":"https://s.abcnews.com/images/GMA/260415_gma_norwood_ashlee2_732_hpMain_16x9_1600.jpg"}},{"1x1":{"small":"https://s.abcnews.com/images/GMA/260415_gma_norwood_ashlee2_732_hpMain_1x1_608.jpg","medium":"https://s.abcnews.com/images/GMA/260415_gma_norwood_ashlee2_732_hpMain_1x1_992.jpg","large":"https://s.abcnews.com/images/GMA/260415_gma_norwood_ashlee2_732_hpMain_1x1_1600.jpg"}}]}}],"relatedContentSection":"news","schemaContent":{"name":"China announces tariff retaliation ","description":"China has delayed implementation of its tariff increases until June 1. ","duration":"1:46","uploadDate":"05-13-2019","publication":"05-13-2019","images":"https://s.abcnews.com/images/GMA/default-img-undefined.png","url":"https://service-pkgabcnews.akamaized.net/opp/hls/abcnews/2019/05/190513_gma_moran_705_,500,800,1200,1800,2500,3200,4500,.mp4.csmil/playlist.m3u8","contentUrl":"https://service-pkgabcnews.akamaized.net/opp/hls/abcnews/2019/05/190513_gma_moran_705_,500,800,1200,1800,2500,3200,4500,.mp4.csmil/playlist.m3u8","link":"https://www.goodmorningamerica.com/news/story/china-announces-tariff-retaliation-trump-defends-us-moves-63002639"}},"playlist":[{"id":"132281378","contentType":"story","section":"news"},{"id":"132283010","contentType":"story","section":"news"},{"id":"132273278","contentType":"story","section":"news"},{"id":"132231169","contentType":"story","section":"news"},{"id":"132206748","contentType":"story","section":"news"},{"id":"132200241","contentType":"story","section":"news"},{"id":"132054443","contentType":"story","section":"news"},{"id":"132054798","contentType":"story","section":"news"},{"id":"132033010","contentType":"story","section":"news"},{"id":"131912713","contentType":"story","section":"news"},{"id":"131830583","contentType":"story","section":"news"},{"id":"131834976","contentType":"story","section":"news"},{"id":"131554765","contentType":"story","section":"news"},{"id":"131554815","contentType":"story","section":"news"},{"id":"131543053","contentType":"story","section":"news"},{"id":"131432442","contentType":"story","section":"news"},{"id":"131121474","contentType":"story","section":"news"},{"id":"131247079","contentType":"story","section":"news"},{"id":"131228784","contentType":"story","section":"news"},{"id":"131178806","contentType":"story","section":"news"}],"kvps":{"pgtyp":"article","lang":"en","sp":"goodmorningamerica","programmatic":"true","bundleId":"com.abcnews"}},"analytics":{"accountID":"wdgnewwdgnewgmaweb","ns":"gma","pageName":"gma:news:video","pageType":"video","globalSpecVersion":"v1.08","siteDifferentiator":"gma:site","tagID":"g_page01","userABCookie":"0","section":"news","title":"China announces tariff retaliation ","pubTime":"16:14","pubDate":"05-13-2019","modTime":"16:55","modDate":"05-13-2019","taxonomyTags":"none","id":63002639,"editorialOtherSubjects":"","wordCount":"none","columns":"none","authors":"","authorsUnit":"none","authorsBureau":"none","subBrand":"Good Morning America","provider":"Good Morning America","videoName":"China announces tariff retaliation ","mediaAssetTitle":"TRUMP CHINA TARIFFS/MONDAY","videoId":63002639,"mediaOnPage":"video","legacySlug":"/news/story/china-announces-tariff-retaliation-trump-defends-us-moves-63002639"},"taboola":{}},"request":{"headers":{},"httpVersion":"1.1","method":"GET","url":"/video/63002639","vary":{"host":"www.goodmorningamerica.com","cached":true,"path":"/video/63002639","forwarded-proto":"https","device":"desktop","userab":"0"}},"viewport":{"width":1260,"height":0},"user":{}};