Return to Navarro-Navarro Land
Peter Navarro backs off China for the moment, but wants US to drive a hard bargain with Germany looking ahead to state visit.
President Trump trade advisor Peter Navarro suggested on Monday that the US should negotiate with Germany on a bilateral basis to circumvent European Union restrictions, reported Reuters. Navarro said that the US trade deficit with Germany is one of the most difficult to deal with and follows previous comments that Germany unfairly takes advantage of a weak euro. In a rare moment of moderation, though, Navarro relented that he will wait until the Treasury department releases a currency report in mid-April before declaring China a currency manipulator. He did say, however, that he still believes the yuan is undervalued.