Peter Navarro, a senior White House trade adviser, defended President Trump’s tariffs, but the Treasury secretary said the U.S. might be ready to negotiate.

The European Union will need to lower its non-tariff barriers, including those created by value-added taxes, if it wants to reach a deal to lower U.S. tariffs imposed by President Donald Trump, White House trade adviser Peter Navarro said on Monday.

Top White House trade adviser Peter Navarro on Monday “guaranteed” that the US will not plunge into a recession under President Trump and claimed there would be no inflation despite ongoing fallout from his “Liberation Day” tariffs.