WASHINGTON—President Donald Trump’s top economic adviser said Friday he is optimistic the U.S. can avoid a broader trade fight with China and said the White House was close to securing a renegotiation of the North American Free Trade Agreement with Canada and Mexico.
Lawrence Kudlow, the director of the White House National Economic Council, said Mr. Trump’s trade dispute with China is “high risk, high return,” in an interview. He acknowledged he wasn’t sure how the standoff would end, but said he believed “calmer heads would...