ECONOMY

Navarro says China talks to continue, trade war won’t slow US economy

White House trade adviser Peter Navarro said he does not believe the trade war will cause a slower economy in the US. (File photo: AFP)

White House trade adviser Peter Navarro said on Friday he does not believe the trade war with China will cause higher prices or a slower economy in the United States.

“We’ve had these tariffs in place for a very long time. China is bearing the entire burden by slashing their prices, by slashing their currency value and by the way they are hemorrhaging, hemorrhaging their supply chain out to the rest of the world and back here to America,” he said in an interview with Fox Business Network.

ALSO READ: China unveils retaliatory tariffs on US goods in deepening trade row

He added: “And that’s good for America.”

“Negotiations will continue, as they have been. They will be done behind closed doors,” Navarro said.

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Last Update: Friday, 23 August 2019 KSA 16:33 - GMT 13:33
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