Navarro Says Trump’s Trade Letters Serve as Negotiating Tool

White House trade adviser Peter Navarro said in a Fox Business interview that recent letters President Donald Trump dispatched to several U.S. trading partners should be viewed by investors as ‘‘part of the negotiations’’ rather than signals of imminent policy changes. Navarro added that financial markets already understand the correspondence is intended to advance talks still in their late stages. His remarks echo a Wall Street Journal report citing people familiar with the matter who described the letters—sent to countries covered by U.S. Trade Representative term sheets—as a tactical move designed to pressure counterparts toward agreements. Navarro’s clarification sought to calm market concerns that the administration was preparing unilateral actions beyond the established negotiating framework.