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Kudlow Says U.S. Won’t Defer Tariff Payments, Citing Complexity

From bnnbloomberg.ca

White House economic adviser Larry Kudlow said the Trump administration decided against deferring payments for certain tariffs for now, citing the complexity of administering such a plan. “We looked a little bit at most-favored nation custom duties and we decided it was too complicated,” Kudlow said Friday on Bloomberg Television. Bloomberg News reported earlier this week that President Donald Trump was briefed and signed off on a proposal to delay certain duty payments to help companies with their cash flow crunch. Trump denied on Tuesday that he had approved the plan. The administration was previously considering ... (full story)

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