(Mike Calia – CNBC)
Peter Navarro, one of President Donald Trump’s top trade advisors, said Thursday that China is in a “zero-sum game” with the rest of the world when it comes to trade.
Talking to CNBC’s Joe Kernen on “Squawk Box,” he argued that the U.S. needs to protect its interests in rapidly developing technologies.
“This is our future,” Navarro said, citing artificial intelligence, robotics and high-tech industries – all of which are Chinese priorities for the next decade, as well.
“Unfortunately, it’s a zero-sum game now between China and the rest of the world, and what we need to do as a country is to work with the rest of the world” to ensure prosperity and high stock markets, he said. Click here to read more.
- Wilbur Ross: U.S. Has Been in a Trade War Since World War II (CNBC)
- China Will Never Make Reforms Under U.S. Pressure: Expert (Global Times)
- Japan Exports to U.S. Fall, Business Mood Sours Amid Fears of Trade War (Reuters)
- Trump Trade Adviser Peter Navarro Insisted No Country Would Dare Retaliate for Trump’s Tariffs. He Was So Wrong. (The Week)