- Senior Counselor Peter Navarro for White House Trade and Manufacturing In an interview, Vietnam’s proposal for the 0% tariff on US imports said, “Nothing means.” He is only the beginning of eliminating the tariffs of the United States, and has been emphasized as a other issue that requires a non -state trade barrier and major internal changes in the target countries.
After Donald Trump struck a 46%tariff, Vietnam did not pay taxes on US imports, but Trump Trade Counciler Peter or Peter Navarro raised expectations for a country accused of “cheating” and was not enough for a country for a new tariff.
Trump’s trade and manufacturing senior counselor Navarro interview With ~ CNBC Monday’s suggestion is “nothing means”.
“Let’s take Vietnam. When they come to us and tell us that we will go to zero tariffs, it doesn’t mean anything to us,” he said.
Navarro said that his “non -acquisition cheating” mentioned that China would have shifted exports through a country to avoid tariffs, steal intellectual property and impose VAT on products.
Later, Navarro added that many of the issues that the administration saw with trading partners include export subsidies, currency manipulation and “fake” technology and safety barriers of US agricultural products.
“They all deceive us in different ways,” he said.
Fifty countries have already contacted the White House to negotiate a tariff agreement. Fox News monday. I said Trump said he would hear some proposal, but the president is firmly viewed last week’s “day of liberation.”
On Monday, Trump threatened China a 50%additional tariffs for China unless he had reduced retaliation for US imports.
Navarro insisted that the Trump administration wanted to restore “fairness” in world trade, but moved the goal of the state negotiations by emphasizing the “non -irrigation barrier” on foreign tariff policy. To remove many of these policies, such as VATs, major domestic changes are required in target countries.
He called Vietnam and other countries a 0% tariff on US imports, “the smallest start.”
“This zero tariff is the wrong direction,” he added.
Navarro reported that the executive’s tariffs, which paired with tax reductions, would be helpful to American workers.
Meanwhile, the stock market plunged to tariff news and lost $ 6.6. One trillion last week. On Monday afternoon, stocks saw some slogans, but still shaken. NASDAQ, which has a lot of technology, has risen to less than 1%, while the benchmark S & P 500 fell 0.2%. Dow Jones fell 1%.
This story was originally on Fortune.com.
