Trump's top trade advisor Navarro out on Bloomberg 26 March
- we are free traders
- global system needs fixing
- already at negotiating table with China
- Mnuchin and trade sec already actively engaged
- Trump wants $100bln cut in US/China trade gap
That last comment a repeat of the corrected tweet a few weeks ago when Trump first said it was $1bln. Hey what's $99bln between friends? Oh, hang on.
Navarro the man who previously said in January that Germany is using a 'grossly undervalued' euro to gain advantage over trading partners.
USDJPY testing 105.20 again as a bit of USD demand returns as NA desks wind themselves up for the day. GBPUSD down to 1.4213 from 1.4235 and EURUSD easier again to test 1.2400
