Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

U.S. Trade Adviser Says There Is Hope of NAFTA Renegotiation

Published 2018-03-27, 09:12 a/m
Updated 2023-07-09, 06:31 a/m

Top Trump trade adviser Peter Navarro on Monday indicated hope for success in U.S. efforts to renegotiate the North American Free Trade Agreement.

“It looks like we might get a really good deal on NAFTA,” Navarro told CNBC’s “Squawk Alley” in an interview.

Navarro also talked up President Donald Trump’s proposed tariffs of up to $60 billion against China.

USD/CAD for March 26, 2018.

“China has engaged for a very long time in the theft of our intellectual property as well as practices like forced technology transfer,” said Navarro, author of several books highlighting what he sees as the danger of China’s economic rise, including “Death by China.” However, he added, “We’re hopeful there that the Chinese will work with us to basically address some of these practices.”

Those unfair trade practices, detailed by the office of the U.S. Trade Representative, accuse China of using “joint venture requirements, foreign investment restrictions, and administrative review and licensing processes to force or pressure technology transfers from American companies.”

USD/MXN for march 26, 2018.

Earlier Monday, Kevin Hassett, chairman of the White House Council of Economic Advisers, told CNBC Trump’s punitive measures on China as well as separate steel and aluminum tariffs are “designed to move us toward negotiations” to even the playing field for global trade.

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.