Trump economic advisor Larry Kudlow says China's economy is crumbling
White House economic adviser Larry Kudlow told CNBC on Tuesday that he believes the United States holds the upper hand in trade negotiations with China due to the comparative strength of the U.S. economy.
"The Chinese economy is crumbling. It's just not the powerhouse it was 20 years ago," Kudlow said on CNBC's Squawk on the Street. Kudlow said that "any long chart of Chinese investment" or economic metrics shows "a steady downdraft." "Their GDP, which is probably inflated by several points, is coming in lower and lower," Kudlow added.
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