White House trade adviser Peter Navarro wouldn’t offer a time frame Tuesday for how long it will take President Donald Trump to reach a trade deal with China amid escalating rounds of tariffs.
“The ball’s in China’s court,” he said in an interview with CNN chief business correspondent Christine Romans. Trade talks between the two countries stalled after Trump said in September that he’d move forward with his biggest round of tariffs yet, hitting $200 billion of imports. To date, the United States has imposed tariffs on $250 billion of Chinese goods, roughly half the value of all Chinese goods sold to the United States last year.
Trump has said he will increase the tariff rate from 10% to 25% on most of those imports by the end of the year if China doesn’t agree to change its trade practices.