the trump believes that the world trade system is unbalanced;
White House Senior Advisor for Trade and Manufacturing Peter Navarro discusses the trade reset and tariff impact as it works through the process.
As visible and stated by the Trump team, the broad-based tariff approach was designed to save time and create the environment where foreign countries, including those with bilateral Free Trade Agreements (FTAs) would come to President Trump in an effort to retain their interests. From there, new trade agreements would be structured.
Navarro rightly notes that both tariff and non-tariff barriers are designed to create a structural trade imbalance in their favor. The trade reset strategy is designed to confront these issues. Navarro also notes how Vietnam operates as case-study in the use of non-tariff barriers and simultaneously operates as a transnational shipping point for Chinese products..........more...........
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