Peter Navarro, one of President Donald Trump’s top trade advisors, said Thursday of which China will be in a “zero-sum game” with the rest of the planet when the item comes to trade.
Talking to CNBC’s Joe Kernen on “Squawk Box, he argued of which the U.S. needs to protect its interests in rapidly developing technologies.
“This particular will be our future,” Navarro said, citing artificial intelligence, robotics in addition to high-tech industries – all of which are Chinese priorities for the next decade, as well.
“Unfortunately, the item’s a zero-sum game right now between China in addition to the rest of the planet, in addition to what we need to do as a country will be to work with the rest of the planet” to ensure prosperity in addition to high stock markets, he said.
Navarro will be known for his hawkish economic stances on China. Under Trump, the U.S. has engaged in an escalating trade war with China, as both nations have imposed in addition to threatened billions of dollars of tariffs on each different’s products.
“We have to defend ourselves,” Navarro said, citing alleged Chinese theft of U.S. intellectual property on technology. “They’re attacking our crown jewels. They make no bones about the item.”
Recently, Trump threatened to impose brand-new tariffs on $0 billion of products coming from China as the U.S. pushes the Asian country to take a harder line on protecting intellectual property, particularly for technology.
Larry Kudlow, Trump’s top economic advisor, said Wednesday of which Chinese President Xi Jinping was holding up progress in addition to refusing to budge over his country’s trade policies. In turn, China’s Foreign Ministry denounced Kudlow’s remarks as “bogus” in addition to “beyond imagination.”