Trump Adviser Talks Down Trade Policy Threat to Calm Markets
- Stocks pare losses after Navarro softens hawkish rhetoric
- U.S. economy is ‘bullish,’ growth should hit 4%, he says
This article is for subscribers only.
White House trade adviser Peter Navarro sought to ease investor concerns about U.S. trade policy, indicating that a Treasury Department report later this week on American restrictions on foreign investment won’t be as sweeping as markets are anticipating.
“There’s no plans to impose investment restrictions on any countries that are interfering in any way with our country. This is not the plan,” he said in an interview on CNBC Monday with the Dow Jones Industrial Average down more than 400 points. “The whole idea that we’re putting investment restrictions on the world -- please discount that.”