Peter Navarro, a senior White House trade adviser, on Monday defended the sweeping tariffs President Trump has imposed on foreign nations and indicated that other countries’ offers to drop their own tariffs on American products would be insufficient to convince the president to retreat.
Mr. Navarro, who has been the architect of many of President Trump’s trade plans, said on CNBC that the United States was facing a national emergency based on chronic trade deficits, and the only fix would be foreign countries removing trade barriers that had hindered the flow of American goods.
The European Union offered Monday to drop its tariffs on American cars and industrial goods to zero if the United States did the same. But Mr. Navarro criticized the bloc for its value-added taxes and restrictions on American meat exports, as well as systematically higher tariffs.
“You steal from the American people every which way is possible,” Mr. Navarro said. “So, don’t just say we’re going to lower our tariffs.”
Mr. Navarro also targeted Vietnam, which has appealed to the president in recent days to have its tariffs reduced. He accused Vietnam of dumping products into U.S. markets, engaging in intellectual property theft and killing industries like shrimp, kitchen cabinets and others.
“When they come to us and say, we’ll go to zero tariffs, that means nothing to us, because it’s the non-tariff cheating that matters,” Mr. Navarro said.
In the interview, Mr. Navarro said that tax cuts were forthcoming, as well as other benefits for Americans, like deregulation, lower energy prices, lower interest rates and the restructuring of manufacturing.
“We’re going to get to a place where America makes stuff again, real wages are going to be up, profits are going to be up,” he said, adding, “the market’s going to find a bottom.” Stock markets fell the first half of the trading day on Monday, following two days of punishing losses last week.
He was also asked about Elon Musk’s very public criticism of tariffs and of Mr. Navarro specifically over the weekend. Responding to a social-media post praising Mr. Navarro, Mr. Musk on Saturday mocked Mr. Navarro’s Ivy League degree as useless, and then said Mr. Navarro had not “built” anything.
On Monday, Mr. Navarro said that Mr. Musk was “not a car manufacturer” but “a car assembler,” mentioning that Tesla’s plant in Texas imported batteries, electronics, tires and other parts. “He wants the cheap foreign parts, and we understand that,” he said.