The closely watched dinner during the G-20 summit in Buenos Aires this week should provide some answers in the escalating trade war between Beijing and Washington.
The two countries are still in the process of finalizing the list of advisors who will take part in the meeting, the South China Morning Post said. The world’s two largest economies have struggled to reach a trade deal and de-escalate tensions that have led to increasing tariffs.
Navarro has taken an aggressive stance toward any changes in the U.S. trade relationship with China. Earlier in November, he said a potential deal with China “will be on President Donald J. Trump’s terms. Not Wall Street’s terms.” He added that “there will be a stench around any deal that’s consummated” because of Wall Street’s involvement. The comments helped drag stocks lower that day.
Trump’s top economic advisor, Larry Kudlow, disavowed Navarro’s comments, telling CNBC “he was not speaking for the president, nor was he speaking for the administration.”
Be the first to comment