August 23, 2019 / 1:04 PM / 6 months ago

Navarro says China talks to continue, trade war won't slow U.S. economy

FILE PHOTO: White House trade advisor Peter Navarro gives a television interview on the driveway leading to the West Wing of the White House in Washington, U.S. December 10, 2018. REUTERS/Jonathan Ernst

WASHINGTON (Reuters) - White House trade adviser Peter Navarro said on Friday he does not believe the trade war in China will cause higher prices or a slower economy in the United States.

“We’ve had these tariffs in place for a very long time. China is bearing the entire burden by slashing their prices, by slashing their currency value and by the way they are haemorrhaging, haemorrhaging their supply chain out to the rest of the world and back here to America,” he said in an interview with Fox Business Network. “And that’s good for America.”

“Negotiations will continue, as they have been. They will be done behind closed doors.”

Reporting by Doina Chiacu; Editing by Chizu Nomiyama

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