Investing.com -- White House Trade Counselor, Peter Navarro, made several statements to reporters today. Navarro suggested that markets need to look beneath the surface. He also expressed satisfaction with the current state of U.S.-China relations, stating, "We like where we’re at now with respect to China."
In his remarks, Navarro touched on economic indicators, noting that the GDP had been negatively affected but predicted this wouldn’t be the case in the next quarter. He described the recent negative print for GDP as the best he’s seen.
Navarro also discussed trade negotiations with China, stating that the best approach is to negotiate very quietly. Furthermore, he suggested that it is ’very doable’ for American tech giant, Apple (NASDAQ:AAPL), to shift its manufacturing operations to the U.S.
The Trade Counselor also highlighted the surge in imports, describing it as extraordinary and indicating that the world is trying to sell to the U.S. He underlined the need to support Boeing (NYSE:BA), the American multinational corporation that designs, manufactures, and sells airplanes. He added that there are other buyers willing to purchase Boeing jets that China won’t take.