White House adviser plays down expectations for US-China talks

We really have to let the process take its course, says Peter Navarro

WASHINGTON DC: A senior White House adviser tamped down expectations on Tuesday for the next rounds of US-China trade talks, urging investors, businesses and the public to be patient about resolving the two-year trade dispute between the world’s two largest economies.

“If we’re going to get a great result, we really have to let the process take its course,” Peter Navarro said on CNBC.

US President Donald Trump’s administration is seeking sweeping changes to China’s policies and practices on intellectual property protection, the forced transfer of US technology to Chinese firms, American companies’ access to China’s markets and industrial subsidies.

Trump has imposed stiff tariffs on Chinese imports that have roiled global markets. China has retaliated with its own duties.