Current U.S. trade policies may be creating volatility in the near term, but will be good for the markets in the long run, Peter Navarro, one of President Donald Trump's top trade advisors, said on CNBC.
The new round of tariffs on Chinese goods will have devastating effects for retail and consumers, Rick Helfenbein, president and CEO of retail trade group American Apparel & Footwear Association, told CNBC on Monday.
The Business Roundtable found that nearly two-thirds of chief executives said recent tariffs and future trade tension would have a negative impact on their capital investment decisions over the next six months.
American farmers already have been impacted by retaliatory tariffs from the U.S.-China trade war and the ratcheting of tensions once gain is unfortunate and comes at a lousy time, according to Iowa Agriculture Secretary Mike Naig.
The U.S. economy is leading the rest of the world by returning to the basic approach of cutting taxes and letting businesses know that government is back on their side, top Trump economic aide Larry Kudlow says.