Trump adviser Navarro alerts warning on additional China tariffs over Russian oil

White Home commerce adviser Peter Navarro mentioned the U.S. will not be speeding to impose extra tariffs on China over its purchases of Russian oil, regardless of having simply raised duties on Indian imports for a similar purpose.

Responding to questions on whether or not Beijing would face secondary tariffs much like these introduced for India, Navarro famous that China is already topic to a 50% tariff on many items. “We do not need to get to a degree the place we truly damage ourselves,” he mentioned, signalling a extra measured strategy.

Navarro added that Washington is monitoring China’s power ties with Russia however mentioned, “Let’s wait and see,” suggesting that no instant motion is deliberate.

The remarks come because the U.S. tightens commerce penalties on international locations persevering with to purchase Russian power, but additionally underscores considerations about financial self-harm from escalating the tariff conflict additional.

Trump earlier, the place I cautioned he’d have to drag his head in as a result of China has the higher hand over him:

• Trump is threatening China with an additional 25% tariff over Russia oil buys.

This text was written by Aaron Cutchburt at investinglive.com.