- President Donald Trump’s national trade director Peter Navarro blames trade deficits with China and Europe for the loss of American manufacturing jobs.
- Fred Bergsten, a former Treasury official, says Trump’s strategy of steel and aluminum tariffs offers a lesson on “how not to mobilize against China.”
- The measures have alienated key allies like Canada, Mexico and the European Union, which Bergsten says the US should instead be trying to rally around its hawkish China agenda.
President Donald Trump’s chief trade warrior Peter Navarro was out in full force on CNBC Thursday morning, making his case for sharp tariff spikes against major commercial partners that many fear could spark a global trade war.
The director of the newly-formed White House National Trade Council focused his ire on China in particular. See the rest of the story at Business Insider
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