In an interview with CNBC on Monday, White House trade adviser Peter Navarro spoke about American restrictions on foreign investment. Navarro said he's confident that Trump's trading policy will ultimately be "good for the market." According to Navarro, Trump's strategy is to only target China, which the administration hopes will help "to defend our technology and intellectual property so that we can prosper in the future."
Concerns over a potential US-China trade war and anxiety over Trump's tariff decisions elsewhere abroad have caused turbulence in the markets. The Dow Jones Industrial Average (DOW), for instance, has decreased by more than 400 points since Trump introduced the tariffs, and threatened further tariffs, earlier this month.
Navarro believes that the markets are taking the wrong message from the recent reports from the White House. He said instead that investors "should be focused on the White House's efforts to protect American exports and on the general progress in the economy." President Trump's trade policy is to protect America's technology and enhance our industry, including new-energy vehicles, robotics, and aerospace.
Navarro concluded that markets should simply "let the process work," and suggested that President Donald Trump is "going to get good information this week on where the chess board stands and make decisions accordingly."
- https://www.bloomberg.com/news/articles/2018-06-25/navarro-seeks-to-calm-investor-concerns-on-trump-s-trade-policy
- https://www.cnbc.com/2018/06/25/navarro-no-plans-to-impose-investment-restrictions-on-china-and-other.html
- https://finance.yahoo.com/news/peter-navarro-seeks-calm-investor-200633895.html
- https://www.nytimes.com/reuters/2018/06/25/business/25reuters-usa-trade-china-navarro.html
- https://www.pws.io//how-might-the-us-china-trade-war-play-out
- http://www.scmp.com/news/china/diplomacy-defence/article/2152438/white-house-tries-allay-investor-fears-stocks-dip-over