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Larry Kudlow Claims President Has Power to Block Companies from Doing Business with China


Added 08-25-19 04:34:02pm EST - “White House National Economic Council director? Larry Kudlow? insisted on CBS that President Donald Trump does have authority to block private companies from doing business in China.” - Mediaite.com

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Posted By TheNewsCommenter: From Mediaite.com: “Larry Kudlow Claims President Has Power to Block Companies from Doing Business with China”. Below is an excerpt from the article.

White House National Economic Council director Larry Kudlow insisted on CBS that President Donald Trump does have authority to block private companies from doing business in China.

Trump’s economic adviser spoke with Face the Nation anchor Margaret Brennan on Sunday, who asked about Trump saying he “hereby ordered” companies to look for alternatives to business in China.

“Do you believe that the president does have the authority to block private businesses from investing in China?” Brennan asked.

Kudlow said the president could do it through “Emergency economic power authority. Well, it was nearly invoked, regarding the Mexican border crisis, before the Mexicans came to our rescue, and they’ve done a great job down at the border, great job. So in theory, that law exists.”

Kudlow then went on to say the president is not officially using emergency powers to get businesses out of China.

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