White House trade adviser Peter Navarro told CNBC on Thursday that U. S. President Donald Trump’s trade strategy with China, which includes levying new tariffs…
White House trade adviser Peter Navarro told CNBC on Thursday that U. S. President Donald Trump’s trade strategy with China, which includes levying new tariffs that have sparked a trade clash, is not as disruptive as many describe.
“We got two economies that add up to around $30 trillion in annual GDP. The amount of trade we’re affecting with the tariffs is a rounding error compared to that,” he said during an interview at the White House.
“My point is that it’s much less disruptive than these headlines would suggest, and it’s much more constructive as we see the adjustments made in terms of where investment is going to go and where we’re going to build.”
White House officials are giving CNBC a series of interviews as part of the administration’s rollout of a new workforce initiative.
