Trump’s Trade Deal ‘In the Bag,’ Adviser Peter Navarro Says
[Stay on top of transportation news: Get TTNews in your inbox.]
The White House’s leading China hawk, trade adviser Peter Navarro, said Dec. 30 that a preliminary trade deal with Beijing is completed.
“That’s a done deal, put that one in the bag,” Navarro said on Fox News. He declined to confirm a report by the South China Morning Post that Chinese emissaries led by Vice Premier Liu He will travel to Washington this weekend to sign the accord.
Navarro’s affirmation for what the White House has called a “phase-one” trade deal indicates President Donald Trump doesn’t face pressure from his right to negotiate more favorable terms for the U.S. Navarro’s hostility toward Beijing and its global economic practices is well known; before joining the Trump administration, he published a book titled “Death by China.”
Under the accord, announced Dec. 13, Trump agreed to suspend plans for new tariffs on Chinese imports and reduced some existing levies. China agreed to increase its purchases of American agricultural products and has made new commitments on intellectual property protections, forced technology transfers by U.S. companies and currency practices.
The precise terms of the agreement have not been revealed. U.S. Trade Representative Robert Lighthizer has said he expects the 86-page accord to be signed by him and Liu in early January, when the document will be publicly released.
Want more news? Listen to today's daily briefing: