Trade Council Director Peter Navarro Discusses Latest Round of Tariffs on Chinese Goods…

White House National Trade Council Director Peter Navarro appears on Lou Dobbs show to discuss the Trump administration’s round-two 10 percent tariffs on $200 billion of Chinese goods.  The percentage jumps to 25% on January 1st, 2019.

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This entry was posted in Auto Sector, China, Decepticons, Dem Hypocrisy, Dept Of Justice, Donald Trump, Economy, President Trump, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

54 Responses to Trade Council Director Peter Navarro Discusses Latest Round of Tariffs on Chinese Goods…

  1. Michelle Palmateer says:

    I have seen some busy days in President Donald J. Trumps America, however today is a record setter! Isn’t it a glorious time to be alive and witness it all? MAGA

    Liked by 12 people

  2. tav says:

    The whole world should stop trading with China. Just act like the whole country was ‘beamed” to another planet.

    Liked by 3 people

    • They’ll soon FEEL like they’ve been “Beamed Away”, and it will take DECADES for Cheating China to reverse it.
      • It’s the economic Debt Hole, Geopolitical Loan Traps and Declining GDP at first.
      • And the Inbred compliance and lack of aptitude for innovation.
      • But its the Cheating Culture in the end.

      Liked by 4 people

    • tucker7518 says:

      American farmers are crying about China not wanting their soybeans.

      Like

      • Joshua2415 says:

        China may not want them, but they will take a lot of them anyway. The rest of the world can’t fill the gap.
        As an aside, we are seeing food (cereal, bread and meat) prices drop here locally at the retail level. More American produce staying in the US will likely lead to lower consumer prices domestically. Pretty sure that Sundance predicted this outcome. Curious if the rest of the Treeper community is seeing the same thing.

        Liked by 1 person

        • JoAnn Leichliter says:

          Right, Joshua. Also, the soybeans Chuna buys from someone else may cut a third party’s supply, creating another buyer. The market will change partners and dance on.

          Liked by 2 people

  3. cthulhu says:

    Where does VSGPOTUSDJT find the energy?!?!? Beside him, it’s like Florence is fanning herself on the fainting couch….

    Liked by 7 people

  4. Peter Rabbit says:

    Mr. President, I will never get tired of winning! Inflation barely noticeable, just as our Wolverine assured us. Amazing team assembled by POTUS on trade.

    Liked by 3 people

    • Rachel Guess says:

      This is an excellent move on behalf of President Trump’s administration, giving them a little taste now so China will know what it will be like in three months time when the tariffs are more than doubled. This shows that the administration, with President Trump at the helm, is being magnanimous and allowing China time to change it’s mind on the trade issues and still giving them the chance to hop on board the Trump Train before we open up full throttle which will have a devastating effect on China’s economy.

      China had better get their ticket to ride while they still can…:)

      Liked by 4 people

  5. Curry Worsham says:

    Man who keep stealing from another man’s orchard die from poisoned apple.

    Liked by 1 person

  6. GB Bari says:

    Promises made, promises kept.

    Answer Lou’s insightful question about the traditional opponents of PDJT’d new policies (the ones who advocate free trade at any cost to the American worker) Navarro says he is seeing a “sea change” in the attitude towards China’s ripping off businesses via theft of technology and IP, he says the USCOC and Business Rountable are now (finally!) complaining about this. But where have they been for so many decades….

    Also he was careful to not go so far as saying these Globalists were yet on board with PDJT’s trade policies and renegotiating the big international trade deals, but it sounded like a step in the right direction.

    Liked by 1 person

  7. White Apple says:

    The problem for China is China runs out of things to tariff before we run out of things to tariff. It is like a guy with a gun who runs out of bullets in his gun’s magazine while the other guy still has 3-bullets left in his gun’s magazine.

    Liked by 2 people

  8. sunnydaze says:

    I’ve got No.Problem. paying more $$ for well-made, quality stuff that *lasts*. Hopefully, the U.S. will get back on that bandwagon.

    I’ve got a Big. Problem. with so- called “cheap” stuff -ie. crap- that needs to be constantly replaced.

    Some day, China will start making better quality stuff, but that’s not happening now, in general…… so, Go Trump and Team!

    Liked by 4 people

    • Dutchman says:

      No, they won’t sunnydaze.
      I’m old enough to remember when stuff from Japan was,crap; but they got BETTER. Electronics from Panasonic, Toyota pickups getting 250,000 miles, etc.
      But, China has an inherently corrupt system: it’s in the Chicom ethos.
      Hence, they will ALWAYS use low grade materials, poor manufacturing standards, etc.
      Their students all cheat. This is not a rascist observation, it’s not the people, it’s the system.
      I’m the same way, they HAVE to steal our innovation, cause their political system stresses conformity of THOUGHT, hence NO ONE thinks ‘outside the box’, lest they end up in a re-education gulag in Nork.

      As long as they remain COMMUNIST China, they will produce crap.
      They have had 30 years to improve quality, and haven’t.
      Didn’t take Japan that long.
      And yes, I know all about Demming, but he wouldn’t make any diffetence, cause endemic corruption would overrule any influence he might have.

      Liked by 6 people

      • Agnes Goh in NZ says:

        “This is not a racist observation, it’s not the people.”

        Yes, it’s the people, Dutchman. I’m of Chinese descent, and I don’t trust the Chinese, especially when it comes to medicines and processed food. I avoid them. We Chinese are also about the most racist people there are. Of course, there are Chinese people with integrity, but it’s best to be wary.

        Liked by 3 people

        • Stillwater says:

          Is that cheating attitude prevalent in Chinese culture in general or is it primarily communist Chinese culture?
          For example, how would you compare/differentiate Chinese culture in various countries, say, China, Taiwan, Hong Kong, Singapore, for instance?

          I’ve been wondering about this for a while.

          Like

          • Agnes Goh in NZ says:

            Hmmm, that’s a very good question, Stillwater. I grew up in Singapore in which the Chinese are in the majority. The tie to the “motherland” is very strong even for those whose family have been away from China for a few generations. For some strange reason I never developed that tie and have little interest in Chinese culture. I feel much more at home in NZ. I’m Chinese on both sides of my ancestry, but I’m not on the same wavelength. Perhaps there’s some mixed genes somewhere!

            Liked by 2 people

      • John says:

        Stuff from Japan got better when Mister Demin told them the advantages of producing high quality goods.

        Liked by 1 person

        • G. Combs says:

          Dr Deming please. (He is one of my heroes) I had the honor of attending a seminar with Dr Deming, Dr Juran and Philip Crosby. Part of the discussion was about the ‘team approach’ and the ‘group participation award’

          I sent up a written question/comment about the concept of the ‘group participation award’ saying “doesn’t that type of reward, where the person who is actually the innovator is NOT really rewarded, disincentivise innovation?” He picked my question to comment on and said he had never though of it from that point of view.

          Liked by 2 people

    • wilski says:

      …and more importantly, is the thief of intelligential property rights.

      Like

  9. CountryDoc says:

    Where Kudlow, the Koala in the pictures?!? 😦

    Liked by 1 person

  10. Jane Smith says:

    I worked in the most remote part of China…and they had knocked off the finest of Swiss Technology.
    They buy one item of the highest quality.
    They reverse engineer it.
    They duplicate it.
    They then mass produce it for distribution within China.
    How stupid do we in the US have to continue to be to realize that we are being used?

    Liked by 1 person

  11. dufrst says:

    Masterful strategy by Trump. Truly brilliant. China has utterly lost this trade war. How Trump has staggered the imposition of tariffs is amazing and so transparent. He’s using Chinese pride against them!

    First $50 billion in goods at 10%, then 3 months later he raised it to 25%. Then they retaliated. So Trump raise their retaliation to $200 billion at 10%, to then raise it to 25% in January. If they retaliate, he will raise them on $257 billion at 10% to then raise it to 25% later. The end game is obviously to move up the tariff ladder. Keep in mind on the campaign trail, Trump talked about 40% tariffs.

    The end moves for China, will be when Trump circles back to the $50 billion in goods and raises those tariffs to 40-50%. At that stage, China will be in situation where they will be negotiating reduction of tariffs. Keep in mind we are talking about tariffs that were less than 10% before all of this began! China may find themselves in a situation because of their pride of seeing 10% tariffs as a bargain! Trump wants the jobs, the tax revenue and the reduction, if not outright elimination of the trade deficit with China. If China continues to be prideful, they can kiss their One Belt, One Road initiative goodbye!

    In the meanwhile, Trump strength and decisiveness against China is auguring respect and support from our other leading trade partners listed in order here. See

    https://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_the_United_States
    1. Europe
    2. China
    3. Canada
    4. Mexico
    5. Japan
    6. South Korea
    7. United Kingdom
    8. India

    Trump will undoubtedly finalize deals with Mexico and South Korea. I believe Canada will reach a deal at the end of this week. The Europeans and Japanese will soon follow. India is even jumping in line to negotiate. The UK is also wanted to make a deal. If all these nations outside of China come onboard and renegotiate their trade deals to terms more favorable to the US, then the pressure on China will be immense.

    I believe China and the World for that matter is looking to the midterms to see if Trump will be weakened. Trump will hit the campaign trail in earnest over the next 2 months to secure victory and continue his strong trade momentum that will lead to a lasting prosperity to guarantee his reelection in 2020. The longer China takes to get to the table, the worst the end deal will be for them as Trump moves up the tariff ladder. MAGA!!

    Here’s an interesting interview with Daniel Hannan about a potential UK-USA trade deal.

    Liked by 2 people

    • dufrst says:

      Xi make the phone call

      Like

    • wolfrom1 says:

      So many things are at stake with the midterms.
      We must get out and vote!

      Liked by 1 person

    • Stillwater says:

      I find Trump’s whole approach to tariffs fascinating.

      Interesting analysis about Trump using Chinese pride against them in his tariff rate and category/industry selection. BlackKnightRides also had an interesting observation that Trump’s compliments of Xi were more than just putting on the “Panda face”, but that Trump actually wants Xi to remain in power to continue his(Xi’s) current policies.

      The other aspect is how Trump is also choosing tariffs according to how well the US economy is able to pick up the slack with domestic production of items in his chosen tariff categories. Also, with the smaller initial tariffs, we are able to see just how fragile (with even the slightest tariff pressure) the Chinese economy is in different areas as China is said to over-inflate their economic numbers(deceiving the world and their own people). It’s sort of like a stress test on their economy. Whereas if he had just put the full tariff initially, this weakness wouldn’t be as obvious to the Chinese people and the world.

      Liked by 1 person

  12. dufrst says:

    China waiting out Trump is a mistake. The real poll is how people feel about the economy. The midterms will be another “shocker” to the establishment, even though the writing is all over their polls if they are willing to look beyond the fake headline poll.

    Liked by 1 person

  13. John Matrix says:

    Lol,
    1. Is it just me, or does peter Navarro look like the blonde headed brother of Tommy Lee Jones?
    ( and as bad assed as any of his film roles?)
    2. How absolutely amazingly fortune are we to have MULTIPLE “killers” aka. WOLVERINES now working on OUR behalf? …our economic team, seriously, makes , me feel like I’m watching a group of comic book super heroes! Thank you President Trump!!!

    Liked by 1 person

  14. DiogenesVindicated says:

    It appears China is going to the mat to prevent loss of its’ exports by essentially doing away with a 16% export VAT they had been applying. I take it that this is the way they fund there government.

    I have several basic questions:

    Is this an ‘all in’ move?
    How long can they sustain this drain on their revenue?
    Are our tariff rates sufficient to force compliance?
    How long will it take?

    Please excuse if I do this link wrong or improperly:

    https://www.reuters.com/article/us-china-economy-tax/china-to-increase-export-tax-rebates-on-397-products-idUSKCN1LN12F

    Liked by 2 people

    • railer says:

      Thanks, that’s a great catch. China is reacting to the tariffs with this, for sure. They need to keep those industries from shutting down, and this makes the exports move, despite the US tariffs. So instead of China pocketing that 16% export VAT, Trump pockets it to the US Treasury, and US consumers are held harmless. Heads we win, tails you lose. I like Trump’s thinking on this.

      Liked by 1 person

      • Rob says:

        “So instead of China pocketing that 16% export VAT, Trump pockets it to the US Treasury”

        …and that’s money no longer available to upgrade their military power.

        Like

  15. thedoc00 says:

    The Chinese government is the owner and board of directors for nearly every Chinese business and especially their banks as well as stock market organization. A significant portion of profits made by Chinese industry does go to the government treasury. This is hurting China on multiple plains of financial interest.

    Lost in the cash flow issue China has is that the US now requires nations under sanction and tariff restrictions to post bonds to guarantee payment of tariffs. So, if the US consumer looks at other options or just refuses to buy Chinese good, these bonds are at a major risk to the Chinese Government who owns Chinese Industry.

    Liked by 2 people

  16. Thank you President and your Team Doing a Great Job,
    please Don’t let The china’s Ripped off US ever again,

    Like

  17. lurker2 says:

    I wish the tariffs could apply to all of the crap the Chinese sellers dump on eBay. They have people in the US who funnel the stuff in. An unobservant buyer might think the item is coming from NJ or CA but it’s actually coming in from China. There are endless complaints on eBay about it, but because eBay takes a cut they don’t want to do anything to scale back those sales. The US government should fine eBay for backdoor-ing Chinese products.

    Liked by 1 person

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