White House trade advisor Navarro is speaking on Fox news and says:
- The markets view trade letters as part of negotiations
- Apple thinks it is too big to tariff.
- Fed should have cut rates in July.
The strategy has shifted from the long tedious trade negotiations to a view that countries that export to the US, need to pay an entrance fee and also need to pay back from “unfair trade practices”. Ninety deals in 90-days idea did not work.
This article was written by Greg Michalowski at www.forexlive.com.