WH trade advisor Navarro: Level of additional China tariffs not decided yet

Eren Sengezer FXStreet

White House trade advisor Peter Navarro crossed the wires in the last minutes, saying that they have not yet decided on the level of additional tariffs on Chinese imports. "We either get a great deal with China or we don't," Navarro added.

Major equity indexes in the U.S. largely ignored those comments and continue to consolidate the impressive 2-day rally that was triggered following the FOMC's dovish shift in its policy outlook this Wednesday. As of writing, both the Dow Jones Industrial Average and the Nasdaq Composite were virtually unchanged on the day.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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