News Snapshot:
The same day, White House trade adviser Peter Navarro told CNBC that the tariffs were meant to stay: The idea is to get companies to produce goods in America, not abroad, bringing down longstanding U.S. trade deficits. “Let me make this very clear,” he said. “This is not a negotiation. This is not that. This is a national emergency.’’ The president on Thursday said the levies “give us great power to negotiate’’ and were coaxing other countries into offering to lower their own trade barriers. “Every country is calling us,” Trump said. “That’s the beauty of what we do. We...