Peter Navarro:

Let's start with the big picture here.

The big picture here is that China has been stealing our intellectual property for years. When an American company goes to China, they force that American company to surrender its technology to a Chinese competitor.

That Chinese competitor winds up beating the American company, not just in the Chinese market, but around the world. And that's an unsustainable situation that President Trump has decided to crack down on.

We have a program to do that. It's not just that China cheats and steals our intellectual property. They're also coming with large bags full of money to basically buy up the crown jewels of American technology.

And the biggest picture here is China has this thing called China 2025. It's a policy manifesto which says that they want to take over all of the emerging industries of the future, artificial intelligence, robotics, quantum computing, these things.

And if we allow China doing this, particularly using unfair trade practices, we won't have a future. And that's what President Trump is very concerned about. So, when he ordered Ambassador Lighthizer to push forward these tariffs, we're in a 60-day process to review them and get public comment, per a solid procedure.

And the expectation is at the end of 60 days, there will be tariffs imposed based on that public comment.