White House trade adviser Peter Navarro said on Monday he did not see the United States and China responding to each other`s tariff moves in a tit-for-tat escalation of trade tensions.
Asked on CNBC television what the U.S. response should be to about China`s tariffs on $3 billion worth of U.S. fruits, nuts, wine, frozen pork, steel pipe and aluminium scrap, Navarro said: "I don`t think this is going to be an action-response, action-response. That`s not what this should be about, that just leads to escalation spirals."
Navarro said President Donald Trump was firmly committed to a course of action that would level the trade playing field between the two countries.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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