“It is important to deceive the cheating”

The White House trade adviser Peter Navaro said on Monday that Vietnam’s proposal to eliminate import tariffs in the United States would not be enough for the administration to raise the new levies announced last week.

“Let’s take in Vietnam. If they come to us and say,” We will go to zero tariffs, “this means nothing because it matters” indignation, “said Navaro on CNBC” “Box for Squawk. “

Examples of Nontariff “deception”, given by Navarro, included Chinese products through Vietnam, theft of intellectual property and the value added tax.

Navaro’s comments come for the president Donald Trump said in a Truth social post On Friday, Lam, the Secretary General of the Vietnam Communist Party, proposed to reduce tariffs for US products to zero. Later, in an interview on Monday, Navaro revised his statement, saying that the zero tariff’s proposal would be a “small first start”.

said Trump widespread tariffs Last week that caused a sharp sale on the stock market. Wall -Rate closely monitors the news of possible negotiations that can reduce those tariffs.

Vietnam is a production center for many companies that sell products to the US, including clothing sellers like Nike. Trump’s administration has stated that applied 46% collection for imports From this market. A Vaneck Vietnan ETF (VNM) On Thursday, it fell 10% after tariffs were announced.

The value added tax is a system used by many countries in the world, and in some ways, the US argument in the US, which the tax should be considered a trade barrier is widely accepted.

“We have tried in the World Trade Organization since the 1970s to get a VAT tax help, and they did not tell us every time,” Navaro said on Monday.

The trade advisor also said Monday that the value added tax would be a problem in any negotiations around tariffs with the European Union.

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