Chris Wallace Busts Kudlow for Trump's Claim on China Tariffs: 'But Larry, That Isn't True'

Wallace played a clip of Trump talking about tariffs, in which the president said tariffs are "paid for mostly by China, not by us."

"But Larry, that isn't true," said Wallace. "It's not China that pays tariffs, it's the American importers, the American companies, that pay what is, in effect, a tax increase, and oftentimes they pass it on to American consumers."