White House Trade Director Peter Navarro Discusses China, NAFTA and Wall Street…

CTH takes a little flak for pointing out the obvious; that’s ok, it doesn’t change the reality: When you confront the manipulated multinational trade system – the multinational Wall Street entities who have historically benefited from that system will lose.

It is impossible for Wall Street corporations invested overseas not to lose some financial position. This is reality, and this is also necessary.  Meanwhile U.S-centered  corporations will gain valuation in direct proportion to the amount of investment they hold inside the U.S…

White House Trade Director Peter Navarro discusses the ongoing trade initiatives, China, Wall Street and NAFTA.  President Trump has indicated a strong preference for U.S.T.R. Lighthizer to make a determination about NAFTA as soon as possible. WATCH:

This entry was posted in China, Donald Trump, Economy, Election 2018, Legislation, media bias, NAFTA, President Trump, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

48 Responses to White House Trade Director Peter Navarro Discusses China, NAFTA and Wall Street…

  1. filia.aurea says:

    One word, per POTUS “Reciprocal”.

    Liked by 6 people

  2. Deplorable_Infidel says:

    “It is impossible for Wall Street corporations invested overseas not to lose some financial position. This is reality, and this is also necessary.”

    We can deal with it, they will have to adjust. Millions of Americans have witnessed and lived through the disparity of incomes widen over the last three decades. The gap between the average worker and the CEO today is bewildering.

    Liked by 12 people

  3. Bfplncc says:

    So for those of us that have retirement money invested and can’t afford another big hit to that investment should consider selling off any companies invested overseas and move to US invested companies ? I assume that’s the take of what I’m reading.


    • trapper says:

      yes. Much like Buffett bought railroads when Obama was elected and it was clear the pipeline was in trouble. We would be shipping oil via rail cars. Anticipate what will prosper. American steel, aluminum, concrete producers, heavy equipment involved in road building and construction, you get the picture. Companies with heavy reliance on non-US manufacturing will probably not be happy campers.

      Liked by 1 person

    • NvMtnOldMan says:

      BF- a little O/T but I just read that Chic-fa-lay (sp) is moving into 3rd place as the most successful fast food chain. They are truly an American company.

      Liked by 2 people

  4. The Demon Slick says:

    So much crying by the talking heads, special report did their second segment on the pork tariffs, lots of other media talking about the pork tariffs, everyone is leaving out something kind of relevant. The biggest US exporter of pork to China is Smithfield. The company was sold last year. To the Chinese. So yeah pork tariffs, the sky is falling cats and dogs volcanoes zombies oh noes.

    Liked by 9 people

    • Stringy theory says:

      That means more and cheaper Bbq for us Americans.

      Liked by 8 people

    • Cuppa Covfefe says:

      Forgive me, to paraphrase Marie Antoinette, “let them eat pulled dog”… (woof).

      I suspect pork prices here in Germany will be going up, up, up in the near future.
      Merkel has NO clue, and has been cozying up to China.

      Yep, we get pork-barrel politics over here, too. Trouble is, the politics are rancid… (as are the politicans, and, if they had a hand in it, the meat too [da-ned greens])…

      Liked by 1 person

    • A2 says:

      The Demon Slick, Smithfield was sold in May of 2013 to WH Group Ltd.

      This ‘pig gate’ is just a throwaway by China. WH Group Ltd that owns Smithfield Food, world’s biggest pork/hog producer actually has seen a decline in exports to China as the local market has rapidly increased production.

      “In 2017 China/Hong Kong was the second-largest volume destination for U.S. pork at 495,637 tonnes. That was down 9 percent from a year earlier as that country’s total imports decreased, reflecting a rebound in domestic production, according to the U.S. Meat Export Federation.”

      Dennis Smith, a broker with Archer Financial Services in Chicago, called CME’s hog market sell-off an over reaction to the tariff announcement because of already low pork prices in China.

      “The tariff that they (China) slapped on us not going to sharply change the amount of pork we’re going to export this year. Prices in China are at four-year lows, so they do not need our pork,” he said.

      “China has not been in our pork markets in any major way this year, so that the action is more symbolic than anything that would impact demand significantly,” said independent CME livestock futures trader Dan Norcini.

      “But China buys no more than 7 percent of Smithfield’s fresh pork output, Sullivan said in an analyst call after the company reported earnings late on Monday.
      “We’ll find markets, we ship to more than 40 countries,” said Sullivan. “We may very well ship to China even with an increased tariff,” he said.”

      “The tariffs may even benefit the firm’s packaged meat business, which generates more than 70 percent of profits, by pressuring fresh pork prices in the U.S., Sullivan said.”


      WH Group’s modern processing facility in Henan (based, no doubt on IP transfers) has only been operating at a third of capacity.

      And for all the boycotters, WH Group through Smithfield bought up California’s largest pork processor, Clougherty Packaging (Farmer John;s and Saags Specialty meats as well as a stake in Hormel (Spam) and two of the largest pork processors in Mexico as well as in Poland and Romania).

      China never does anything that is not fully calculated to not go against its interests. Face saving tariff retaliation, that is just a short-term annoyance.

      So, can’t say its a nothing burger, maybe just a pig in a poke.

      Oh, and Hong Kong is not China…yet as far as imports are concerned. Funny thing about ‘re-exports’.

      Liked by 2 people

  5. FofBW says:

    Indeed Sundance. The truth does hurt when it exposes the false narratives of the globalists and the pain they are about to go through.

    Liked by 8 people

  6. Sharpshorts says:

    Trade Director Peter Navarro puts on his financial analyst hat…”Buy the dips”…

    Liked by 3 people

  7. appadoo9 says:

    American Steel Companies

    Liked by 3 people

  8. Donna in Oregon says:

    1000% agree CTH points out the obvious. I knew the moment I read this that CTH had the lowdown on these schemers and liars.

    “Influential people with vested financial interests in the process have sold a narrative that global manufacturing, global sourcing, and global production was the inherent way of the future. The same voices claimed the American economy was consigned to become a “service-driven economy.”

    “What was always missed in these discussions is that advocates selling this global-economy message have a vested financial and ideological interest in convincing the information consumer it is all just a natural outcome of economic progress.”

    “It’s not.”

    Fox Business blocked me after I said I would post all the letters I sent Neil Cavuto warning about the financial scams associated with the Mortgage Meltdown. Pointing out the obvious is a no-no.

    The 2008 Mortgage Meltdown and the resulting Libor scam shows it was a Worldwide Globalist scam. Fannie Mae, Freddie Mac, HUD, Countrywide, Moody’s, it was systemic. FNC knew. They absolutely knew….let millions of people get wiped out without saying a word. They did it for their Globalist masters. No conscience, soulless pieholes.

    Remember all the news reports after millions of Americans got ripped off during the Mortgage Meltdown? “Due to the complexities” blah blah blah. “Very complicated”…….”Very hard to discover what happened”…..blah blah blah.

    Hauntingly familiar refrain of the Swamp. Every time.

    Liked by 10 people

    • Deplorable_Infidel says:

      “warning about the financial scams associated with the Mortgage Meltdown. Pointing out the obvious is a no-no.”

      I heard of several other people sounding the alarms before it happened. They were ignored as you were. They were still ignored afterwards as well.

      ” FNC knew. They absolutely knew….let millions of people get wiped out without saying a word.”

      I do not think One America News was operational back then. If they were, I do not think they would have stayed silent about it. Today they report the truth, even if it hurts.

      Liked by 7 people

      • TheLastDemocrat says:

        Just before the downfall, maybe a year before, I sought a home loan, and knew things were nuts.

        My mortgage guy tells me he can get me approved for a lot more loan than I was getting.

        I can do the math, and a budget. They wanted me to be yet another victim of it all. I stuck to my budget.


        • Charlie says:

          Husband in this family worked for city recreation center bought and moved his family into a new neighborhood. Couldn’t afford furniture, rooms remained empty, kitchen was too big to fill with their things, sheets hung from windows. Family lost everything following housing collapse. They got more loan than they could afford and will spend most of their lives paying for it.

          Liked by 1 person

  9. The market is being deliberately manipulated by certain groups / people, to spook the public, but it means nothing to most people. Don’t depend on your 401K to save you anyway – the market could crash like it did under Obama, right before many people retired, and they lost everything and had to postpone it. The best thing is the nest egg principle. Just save your money in a low risk account and nobody can take it from you and when you want it, you can access it.

    Liked by 4 people

    • Deplorable_Infidel says:

      ” Just save your money in a low risk account and nobody can take it from you”

      If it is a bank, the bank can take it from you. You have to use a Credit Union. There can also be “banking emergencies” declared to prevent you from withdrawing more than a pittance in funds per day, like what happened in Cyprus a few years ago. The same goes for granting you access to your safe deposit box.

      Dodd-Frank changed the rules. When you deposit money into a bank, it legally becomes the bank’s money and you are an unsecured creditor. So if the bank screws up on it’s derivative investments with your money, they can pay you off about 60% (I don’t know the exact amount) in “bank stock” and you can deal with that.

      Liked by 1 person

      • Donna in Oregon says:

        Read about the charters of any Credit Union or bank. There is a difference.

        There are different rules for Credit Unions.

        Dodd Frank, FDIC, all different issues affect banks.

        Caveat emptor. Buyer beware. In particular people with Annuities should read before they sign. There is no insurance on an Annuity.

        What I think most people do is roll-over their 401K to an IRA.

        AARP website has several articles from different perspectives. Always research before changing things.


        • Dennis Leonard says:

          Sorry Donna,no disrespect to you.I would not go to AARP website to find out anything,they were the biggest backers of obicare,just to line their pockets.


          • Donna in Oregon says:

            Sorry Dennis, I was trying to avoid people that want to sell some retirement products.
            Some “experts” don’t give full disclosure, are not honest about their advice.

            Here is the right, conservative version. This is how they describe themselves:

            “Looking for an alternative to AARP? You’ve come to the right place. The Association of Mature American Citizens (AMAC) is a conservative, nonpartisan organization looking out for the interests of Americans 50 years of age and older.”

            Check it out…


      • svenwg says:

        The old formula of 1/3 stocks & bonds, 1/3 Cash in bank and 1/3 gold & silver is the surest way of financing anyone’s retirement.

        Never Trust financial advisors as they get commission whether you win or lose!


    • trialbytruth says:

      Fireproof mattress next to a 9MM works too, especially when interest rates barely cover fees.

      If I were in the market right now I would consider removing most and stashing it elsewhere. it is a in my opinion a bloated market so having your money somewhere else while the air comes out isn’t all bad.

      How good is my advice? I have predicted every crash that never came. Call me Bear.

      Liked by 1 person

  10. rsmith1776 says:

    The Chinese have a higher IQ and, everything considered, a better propensity towards common sense resolutions than other, uh, “oppressed communities of color” [what an idiotic expression]

    For a moment of levity, please read this historic gem from (yes!) NY Times, thirty years ago. Students of history may know about the Nanjing fights between locals and African students, based on “culturally idiomatic” behavior of the esteemed students towards the local Chinese girls.

    These [in the article] were Beijing echoes, in the aftermath of the main Nanjing clashes.

    The end of (young but already indelibly stupid) Kristof’s article is an unbelievable exercise in involuntary humor:

    “Liu Wu, a Government spokesman in Wuhan, denied that any racial unrest had occurred. He said a child had broken a window and that a Sri Lankan student cut himself picking up the glass. The African students have not been isolated, he said, but are on a special holiday trip.”

    I mean…. *I* didn’t make this up, you know!

    Liked by 3 people

    • svenwg says:

      I lived through Apartheid South Africa and have seen the lack of IQ up close from my staff of 120 local Africans. The lack of ability to foresee the consequences of any action they take is front and centre as well as their Tribalism that forced me to only employ a single Tribe to stop bloodshed in the wok place.

      Although the article above may identify other traits, the central one is IQ, unfortunately.

      Liked by 1 person

  11. AngelOnejudicial says:

    The media push fear and panic it’s their business model.

    Liked by 3 people

    • Cuppa Covfefe says:

      “If it bleeds, it leads”…

      “Good news is no news”…

      Some things never change. It was that way before the founding of the USA… Washington and Lincoln also were abused mercilessly by the YSM…

      Liked by 2 people

  12. truthbomb says:

    Market ups and downs at this point have NOTHING to do with China trade war. Healthy markets cannot continue to climb at seventy degree angles. Strong uptrends always require healthy corrections.

    Liked by 2 people

    • thedoc00 says:

      Great point and probably the reason, Trump ;listened to his critics in the more conservative oriented business outlets to stop talking about the stock markets and focus on his responsibilities to the main street economy, which is part of his responsibilities.


  13. thedoc00 says:

    If anything the rhetoric over the past few weeks verifies that Wall Street focuses on rule number one of business, one enters into business to make money. If the government of a nation (the USA)creates a business environment that has Wall Street businesses make their money by investing overseas to manufacture and selling in the USA. The making money part is required by the fiduciary financial regulations of the USA, businesses are not allowed to knowingly operate at a loss to satisfy some socialist dream. Wall Street does not invest “patriotically” and our current generations of consumers do not buy “patriotically”. Thus the Objectives of the President to increase the size of the Middle Class and re-establish the manufacturing base is in direct opposition to Wall Street objectives to make money, in the current regulatory environment. Not one business outlet nor politician is discussing this conflict in objectives nor that there are two economies; the economy of Wall Street and the economy of Main Street. The on-going rhetoric underlines the degree to which Wall Street owns both political parties and the media reporting on the conflicting objectives. It is especially illuminating that the democrats and their media allies are among those most vociferously holding up Wall Street as THE ECONOMY.

    Liked by 1 person

    • thedoc00 says:

      It is not Trump’s job to look out for Wall Street Investors but it is his job to protect the well being of citizens. There is a huge difference.


  14. cowpokesblog says:

    They had a Pig farm owner on TV complaining last night. They really pump up the victim card in the tariffs. However, the true victim is the US consumer who has to pay higher pork prices. Now that China put tariffs on watch how that Bacon price drops at the grocery store over the next couple months:


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