Trend followers stage recovery as stretched S&P, Nasdaq longs fuel gains
Investing.com -- White House Trade Counselor, Peter Navarro, expressed his confidence in the recovery of the stock markets during an appearance on CNBC on April 7. He suggested that the market is currently trying to find its bottom, dismissing any discussions of a potential recession as "silly."
Navarro also voiced his interest in engaging in discussions on non-tariff barriers, specifically mentioning the Vietnam Value-Added Tax (VAT) as an example. This comes as part of the Trump administration’s ongoing efforts to seek reductions in tariffs and non-tariff barriers.
In a clear message to countries seeking tariff relief, Navarro said they need to lower their non-tariff barriers. This statement underlines the administration’s strategy to achieve more balanced and fair trade relations.
Navarro’s comments reflect the administration’s belief in the resilience of the stock markets and their commitment to reducing trade barriers.
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