Bloomberg Talks Peter Navarro Talks Upcoming US, China Trade Talks
May 9, 2025
Peter Navarro, Senior Counselor for Trade & Manufacturing at the White House, shares insights on imminent U.S.-China trade talks in Switzerland. He highlights the potential impact of an alarming proposed 80% tariff and discusses the complexities of U.S. trade relations with various nations. The conversation dives into specific challenges surrounding negotiation teams, trade barriers, and the significance of fairness in trade practices, linking economic considerations with national security. Navarro's perspective sheds light on the high stakes of international negotiations.
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Peter Navarro's Geneva Negotiation Anecdote
- Peter Navarro shared his personal experience negotiating in Geneva, which he described as his finest hour as a negotiator.
- He reminisced about reforming the United Postal Union rates favorably for the U.S. and warned of the large China delegation at the WTO.
Negotiating With China and Others
- The continuity of the Chinese negotiating team contrasts with changing U.S. administrations, giving China an advantage.
- Different countries have unique forms of trade barriers and cheating that require tailored negotiation strategies.
Trade Deals Framework
- Future trade deals will focus on tariffs, non-tariff barriers, digital taxes, and trade abuses like dumping and currency manipulation.
- The UK trade deal provides a template for these negotiations and aims to level the playing field.