- May 11, 2007
Peter Navarro says US will take strong action against China if it devalues yuan to 'neutralize tariffs'
White House trade advisor Peter Navarro said Beijing plans to devalue its currency — and if it does, the U.S. will respond forcefully.
Trump imposes tariffs that make it more expensive for US end-consumers to purchase goods. Now, China is negating their effects by devaluing local currency.
Farmers are also scrambling to find other export markets than China.
This is one clusterfuck in a bubble of many clusterfucks that this administration has caused.
This is why his first economic advisor resigned.