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6/11, 9:21 PM (Source: TeleTrader)
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WH's Navarro: Tariffs an important part of Trump strategy

White House Director of Trade and Manufacturing Policy Peter Navarro told CNN on Tuesday that import tariffs are an important part of US President Donald Trump's trade policy and strategy. Navarro went on to defend Trump's use of tariff threat to make Mexico agree to curb the flow of migrants from crossing its territory, saying that the president's stance in the negotiations was "totally appropriate." He added that tariffs were used many times in US history and are what made the country "great."

Turning to China, Navarro said that the two countries will either agree to a trade deal or the US will place more tariffs on Chinese imports. He also denied that the American consumers are paying for the duties, saying that is China that is bearing the costs since it has to devalue its currency to remain competitive on the US market.

Breaking the News / FH