Many expect the U.S. and China to roll back part of the tariffs soon. But Peter Navarro, a close advisor to President Trump, argued forcefully against that notion on Friday.
It is widely expected that, as part of a phase one deal, the U.S. and China will roll back part of the tariffs levied during the year-long trade dispute.
Navarro’s comments echoed that of his boss. “Well, they’d like to have a rollback. I haven't agreed to anything,” President Trump told reporters earlier on Friday, adding “China would like to get somewhat of a rollback — not a complete rollback, because they know I won't do it.” China using ‘the Western press’On Thursday, China publicly announced that both sides have agreed to remove the additional tariffs in phases as progress is made on the agreement. Navarro dismissed that saying the Chinese are trying to “use the Western press to kind of try to box us in, but the president's not having any of that.”
Other provisions, such as agriculture will be included in phase one, Navarro noted. The opening of financial markets, something China has been pushing hard for years in order to improve its efficiency in the domestic market, is also a provision likely to be included in a phase one deal.
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