In a CNBC interview late-Friday, the White House Trade Adviser Peter Navarro made the following key comments on the US-China trade conflict, China’s currency devaluation and Fed’s interest rate policy.
Bullish on US economy, stock market.
Serious structural issues with China.
Pres. Trump is taking a very strong stance with China.
China is clearly manipulating its currency.
Key for markets in the short-term is how fast Fed cuts rates.
Doesn’t want China to devalue the currency, but says ‘they will’.
Plan To have Chinese negotiators come to the US.
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