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Kudlow says tariff increases are still on the table

Various media reports indicate the U.S. is going to delay the next round of Chinese tariffs, scheduled to go into effect Sunday.

However, National Economic Council director Larry Kudlow told the Wall Street Journal the tariffs are still on the table.

“The President has indicated if the remaining negotiations do not pan out to his liking, that those tariffs could go back into place,” Kudlow said.

The Journal reports the Trump Administration’s insistence that China commit to more agricultural purchases from the U.S. continues to be one of the largest impediments to finalization of the “phase one” trade deal.