Peter Navarro

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Last quote by Peter Navarro

It doesn't work if one country cheats on the other. The 'positive sum' game in which both countries are supposed to win quickly devolves into a 'zero sum' game with one big prosperous winner and one big recessionary loser.feedback
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Apr 06 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Peter Navarro is associated, including Donald Trump, China, and tax. Most recently, Peter Navarro has been quoted saying: “Unscrupulous Chinese entrepreneurs are flooding world markets with a range of bone-crushing, cancer-causing, flammable, poisonous, and otherwise lethal products, foods, and drugs.” in the article I read Trump's trade advisor's anti-China book. It’s wilder than you can imagine.
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Peter Navarro quotes

Might we lose a broader cold war for America's freedom and prosperity, not by shots fired but by cash registers ringing? Might we lose a broader hot war, simply because we have sent our manufacturing and defense industrial base off-shore. This seems to be an elitist out-of-touch argument, as it assumes that the poorest segments of our society would rather have cheap products than a good job, and a good paycheck. One of the major goals of the Trump administration is to reclaim all of the supply chain and manufacturing capabilities that would otherwise exist if the playing field were level.feedback

There is no question that we need a border adjustable tax of some kind, one that has to be flexible. It is one of the options that's on the table. You should not take it from me that that's the option we're going with but I'm not going to exclude that option.feedback

Germany – one of the worst actors in the international environment, when it comes to the [value-added tax] because what they've done is strategically raise that to 20 percent. Whereas Japan is much lower. They're sticking it to us. When they send us a BMW or Porsche into our markets, they basically rebate the VAT to those manufacturers like a subsidy and if we try to sell them a Ford or a Chevy, they slap on the VAT. That's not going to happen under a Trump administration.feedback

A big obstacle to viewing TTIP as a bilateral deal is Germany, which continues to exploit other countries in the EU as well as the U.S. with an 'implicit Deutsche Mark' that is grossly undervalued.feedback

The German structural imbalance in trade with the rest of the EU and the U.S. underscores the economic heterogeneity within the EU – ergo, this (TTIP) is a multilateral deal in bilateral dress.feedback

We as an economy cannot succeed putting our people back to work in Ohio and Pennsylvania, Michigan and Indiana if those countries keep treating us unfairly with respect to that VAT tax system. The only way to do that is by coming up with some system of border adjustable tax which is flexible.feedback

We envision a more Germany-style economy, where 20 percent of our workforce is in manufacturing. And we're not talking about banging tin in the back room. We're talking about high technology across the board, whether it's computer chips or cars or anything in between. Multilaterals, you get hundreds of people and thousands of lobbyists and lawyers. It takes years and years and years.feedback

As we're negotiating with one country here, we're going to be negotiating with one country here, and another country here.feedback

The new administration should bear in mind that with economic and trade ties between the world's two largest economies now the closest they have ever been, any move to damage the win-win relationship will only result in a loss for both sides.feedback

That plan is revenue-neutral because it uses a very innovative system of tax credits to help with all the other sources of funding we have. The last thing you want to do is raise taxes to fund an infrastructure program. That will not happen in a Trump administration.feedback

Everything Mr. Trump's going to do points in the direction of growth, and that will point in the direction of a higher bull market.feedback

If there's a market dip, that's going to be the greatest buying opportunity of all time.feedback

A rapid acceleration of growth also leads to a significant reduction of our debt burden relative to GDP, and when Mr. Trump's spending cuts are added the plan achieves full revenue neutrality.feedback

AT&T, the original and abusive 'Ma Bell' telephone monopoly, is now trying to buy Time Warner and thus the wildly anti-Trump CNN. Donald Trump would never approve such a deal because it concentrates too much power in the hands of the too and powerful few.feedback

Penn Wharton's tax, immigration and Social Security simulators provide access to fact-based information that allows people to decide for themselves what initiatives are best for the country's future.feedback

Trump is the art of the deal. If anybody can sit in a bipartisan basis and push things through, it's going to be Donald Trump.feedback

That skews against Republicans because of course [with] tax cuts, you get tax reductions. When you include the positive offsets from energy, regulation and trade, it's revenue neutral and you get twice as much growth as Clinton, millions more jobs.feedback

Trump wants to cut taxes, reduce regulation, unleash the energy sector, eliminate our trade deficit by increasing exports, reducing imports. Everything about that pushes towards growth.feedback

He's a formidable, well-prepared candidate with a formidable, well-prepared team.feedback

Those are jobs that could be here in Michigan if we were sensible about tax policy, tariff policy, trade policy.feedback

In Moody's world, stronger foreign immigration' pushes up productivity but doesn't push down wages, the 'negative employment affect [sic]' for a higher minimum wage is 'modest,' tax hikes do not reduce the spending of higher income individuals, and her plan will result in only a 'modest increase in the federal government's budget deficits.' No reputable economist would sign on to these fantasies.feedback

Here's the central point to understand: The White House has been utterly and completely soft on China's illegal trade practices. The status quo is the worst of all possible worlds for the United States.feedback

The Moody's report is a partisan document that fundamentally lacks credibility. It is based on flawed assumptions that the authors admit 'are our own,' and these assumptions grossly misrepresent the Trump campaign's policy statements on the economy, trade, tax reform, and immigration.feedback

Under the threat of Trump's countervailing tariffs, Chinese leaders realize they no longer have a weak leader in the White House, and China ceases its unfair trade practices. In this scenario, American's massive trade deficit with China comes peacefully and prosperously back into balance over time. Both the U.S. and Chinese economies benefit while workers' rights improve along with the global environment.feedback

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