Trump trade guru Peter Navarro says Vietnam’s zero-tariff offer ‘means nothing’ because ‘it’s the non-tariff cheating that matters’
- Senior Consultant at the White House for Trade and Manufacturing Peter Navarro He said in an interview that Vietnam’s offer to get a 0 % tariff on US imports “does not mean anything.” He added that getting rid of the customs tariff on the United States is just a beginning and has turned on the unaccounted commercial barriers and other issues that require major internal transformations in the targeted countries.
Vietnam defended not to provide any tax on US imports after president Donald Trump struck the country by 46 % of the definitions, but this step was not enough for the Trump Trade Consultant Peter Navarro, who accused it of “cheating” and increased the expectations of countries targeting a new tariff.
Navarro, the Trump’s chief trading and manufacturing advisor, said in an interview with CNBC Monday that the country’s offer “does not mean anything.”
He said: “Let’s take Vietnam. When they come to us and say,” We will go to a zero tariff, “and this does not mean anything to us because it is the unimportant fraud that matters.”
Navarro said that the “unacceptable fraud” that he referred to includes allowing China to direct its exports through a country to avoid customs tariffs and theft of intellectual property, and to impose a tax of value added to the products.
Later, Navarro added that among the many problems that the administration sees with its commercial partners is export subsidies, currency manipulation, technical and “false” safety barriers of American agricultural products.
He said, “They all cheat us in a different way.”
Kevin Haysit, director of the National Economic Council, said, said the director of the National Economic Council, Fox News Monday. While Navarro said that Trump will listen to any shows, the President stood firm in the “Tahrir Day” tariff until now.
On Monday, Trump threatened China by 50 % of the customs tariff if the revenge definitions of American imports did not decrease.
While Navarro argued that the Trump administration wanted to restore “fairness” for global trade, he also conveyed goals to negotiate countries by emphasizing “non -fire barriers” on external tariff policies. The elimination of many of these policies, such as VATS, requires major local changes in the targeted countries.
Vietnam called and the display of other countries of the definitions on 0 % on the United States’ imports “first beginning”.
He added: “This scratching thing is a wrong guidance.”
Navarro stated that the Trump tariff associated with tax cuts.
Meanwhile, the stock market fell on the tariff news, lost $ 6.6. A trillion value last week. On Monday afternoon, stocks witnessed some relief, but they are still shaking. The heavy technical nasdaq technology increased less than 1 % while the S&P 500 normative index decreased by 0.2 %. Dow Jones decreased 1 %.
This story was originally shown on Fortune.com
2025-04-08 01:15:00
