Peter Navarro says Vietnam's 0% tariff offer is not enough: 'It's the non-tariff cheating that matters'

Trump adviser rejects Vietnam's zero-tariff offer, cites 'national emergency'

Vietnam's zero-tariff offer failed to sway the Trump administration, as White House adviser Peter Navarro cited non-tariff cheating and a "national emergency" over a soaring trade deficit to justify steep new levies.

Like Covid Lockdowns, a Tariff Recession Would Punish and Reward the Wrong Companies - LewRockwell

Equity markets continued to sell of Monday morning as Trump economic advisor Peter Navarro told CNBC that even a 0% tariff offer from Vietnam would not be enough for the Trump administration to change its tariff policy toward that country. “Let’s take Vietnam. 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,” said Navarro. Non-tariff cheating refers to subsidizing…

Trump trade guru Peter Navarro says Vietnam’s zero-tariff offer ‘means nothing’ because ‘it’s the nontariff cheating that matters’

Navarro said trading partners cheat the U.S. via methods like currency manipulation and export subsidies, but also through levying VAT.

Vietnam's Zero-Tariff Offer 'Means Nothing'

White House trade advisor Peter Navarro said President Trump is rejecting Vietnam's offer to zero out their tariffs on American products on CNBC this morning:

Peter Navarro -vs- CNBC - The Last Refuge

White House senior policy advisor for Manufacturing and Trade, Peter Navarro, appears on CNBC television for an almost 20-minute long debate of Wall Street vs Main Street. Navarro represents MAGAnomic nationalism, the rest of the CNBC panel represent the interests of Wall Street and their friends and neighbors who manage hedge funds and connected financial […] The post Peter Navarro -vs- CNBC appeared first on The Last Refuge.

'Means nothing to us!' Trump adviser blows off nation's offer to scrap tariffs on US goods

Trump trade adviser Peter Navarro on Monday said countries could not appease President Donald Trump — even if they reduce their tariffs on American goods all the way to zero.Appearing on CNBC, Navarro was asked about Vietnam's offer to completely eliminate its tariffs on American goods. He said that was nowhere near enough of a concession to satisfy Trump and get him to back off his plans to reduce the massive 46 percent tariff he slapped on all…