Trump Adviser Says Countries Offering Zero Tariffs Isn’t Good Enough
One of Donald Trump’s top economic advisers, Peter Navarro, is blowing off an offer from Vietnam to eliminate all of its tariffs on American goods.
In an interview on CNBC Monday, Navarro said that the country’s offer was not enough for the U.S. to lift its tariffs against Vietnam, saying that it “means nothing.”
“When they come to us and say, ‘We’ll go to zero tariffs,’ that means nothing to us because it’s the nontariff cheating that matters,” Navarro said, by which he meant the routing of Chinese products through Vietnam, intellectual property theft, and a value-added tax. Later, though, Navarro conceded that zero tariffs would be a “small first start.”
