Peter Navarro, President Trump’s top trade and manufacturing policy advisor, speaks to pool reporters outside the White House.
Within his remarks about the economy overall, Navarro then breaks down the issues soon to come before the Supreme Court surrounding the use of the IEEPA (International Emergency Economic Powers Act) to enact defensive trade tariffs.
Navarro also addresses the false premise that tariffs create imported inflation. As reflected in the 2018 tariff outcome, the exporting country absorbs the majority of the tariff impact. Additionally, the tariff rate is applied to the wholesale price as contracted by the importing company in the USA. WATCH:
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Mr Navarro explains things really well. He’s a great asset for President Trump, and fascinating to boot.
Now I’m late for work
Pretty sure it’s Dr Navarro…she noted in that pedantic way she is known for by friends and family…
…and you’re still late for work 😉
(But yes, he is a gem. Knowledgeable, principled, loyal, and trustworthy. Four months in prison on his record to prove it.)
Thank you Mr. Navarro for your bringing it home with all temperate gravity. Hopefully, Elon’s developmental imbalance will with time begin to see it too.
Mr. Navarro thank you for the slings and arrows you took for us and for with P. Trump.
Dr. Navarro projects truth and facts comfortably not only to our misguided media but to Americans who need to know these realities.
Great interview!
Yes, Peter Navarro is true blue to President Trump and believes in his tariff policy. He also was one of opponents of Fauci and Pence. Navarro was on the Covid committee, unfortunately nothing he questioned was given any credence because Pence the Traitor was running the show with the evil Dr. Mengele Fauci.
Dr. Peter Navarro went to prison (along with Steven K Bannon) to uphold his duty to President Trump and the presidential privilege. I forget the specific legal doctrine but it was to not disclose private conversations with the president.
Obviously I’m a big fan of Dr. Navarro. We need more of him in the Trump admin.
If we lose this appeal then we lose this country. Dr. Navarro is excellent at explaining why this is critical for the preservation of our nation.
Rand, the loser, Paul was on X the other day saying that we are not in an emergency and that PDJT has no authority to claim an emergency if there was one. He is still claiming that it is unConstitutional for PDJT to use IEEPA.
I really believe that when Congress passes these Acts to give the President authority that they are merely doing for the cameras and votes. My opinion is that there is a wink,wink “agreement” that the uniparty presidents won’t actually invoke the powers in these acts. They were meant to be put on a shelf and forgotten.
I want to add to my comment about the breaking of the spirit of Americans and how our “leaders” have brought so much economic destruction to our nation that they are destroying not only our economy but our spirit and our hope.
That is an emergency. They want us to be reduced to hopeless and compliant. They want us to accept that crime, illegal immigration, high cost of living, dirty cities and towns, poor education, and barely surviving is normal.
Rand Paul loves to bitch and moan about how badly everyone else is doing their job BUT he never actually seems to get around to doing his own job! How about offering solutions and putting forth some legislation, Senator? Or maybe forcing a recess so that the President could get through the backlog of appointees that you and your RINO buddies can’t seem to get around to approving?
Agreed. His role as a Senator is to b!tch and moan about “What’s not being done” without actual contributing to finding a solution unless it is to put forth legislation that is guaranteed to not pass. But he can claim that he “tried” and then, get back to complaining.
He, Massie, Bannon, and MTG have all joined forces to be the “complainers” and opposition to PDJT. Once in a while they may be less hostile to MAGA but they always have an issue to whine about as though PDJT can fix ALL of the problems in our nation in 8 months.
Kentucky don’t feel the pain border states or people in big city liberal locations
We are fighting against losing to a new money system BRICS and losing our people to refugees and our job structure to offshoring.
That’s an emergency.
And invasion was a war act. Russia played a part in supporting Venezuela when we starved then hoping regime change would occur
Why have the courts become our mullahs, our supreme council, that have the last word on everything?
They are not gifted with superior knowledge or lack of bias.
There are 677 permanent judgeships for the District Courts. They have acted against the will of the people and the executive.
They need to be confined to strict legal matters before them, not issuing nationwide injunctions that are usually thrown out because they are not supported by case law or the Constitution.
The amazing part is they are never embarrassed or chastened by anything they do.They laugh at us.
Because we haven’t reached the final decision to cripple us. At that point mask ripped off and the Executive will go to war with the judic.
I’m sure he is hoping the Mary mccord and Pfizer issue hits before so it submits the judic to kneeling ( similar to the short period of time people yielded to PDJT after he was shot).
Timing is everything. And efforts put in play all have a timing they will be relevant
defund them
Talking with the press gaggle outdoors – while being publicly aired?
It’s like teachable moments are being utilized – for a wide host of students. : )
And there is A LOT to learn.
Field trips ( outside of 4 wall class room ) in school were welcome.
Not too sure about India.😖😵💫😖
SCO….Shanghai Cooperation Organization….just ended.
It is being heralded in geopolitical circles as being
highly successful. It was a Big Deal.🤷♀️
Appears that—
China and India are resuming relations and resolving disputes.🤷♀️
💥 💥 💥 😳 😳 😳 💥 💥 💥
Xi to Modi
“Xi tells him that they represent 3 Billion people and that the
world is quickly changing. He also says:
It’s time for the Dragon and the Elephant to come together “
😳 😳 😳 😳
First 15 seconds of video shows clip of Xi making that statement…
Alex Christoforu…..Rumble
Decapitation strike. Maidan leader assassinated. Gerasimov, SMO continues. Dragon and Elephant
A lot of coverage and articles out about the SCO…recommend everyone read about
the SCO…..
Pictures of Modi taking a ride in President Putin car…..interesting.🤔
A lot of optics……
Next is the China Victory Day celebration in China.
Along with President Putin….North Korea Kim will
be attending.😳
And then there is the invitation for President Putin visit
to Moscow.
Interesting times……..🤷♀️
News heralds it to taint our minds.
India will work every side until one side isn’t useful
And right now…are we useful to India?
We 🇺🇸 play the same game.
🇺🇸We are America First- and only.🇺🇸
And that is how it should be…for US and other countries.
We need to step up our manufacturing…President Trump
is working on that 👏👏👏👍👍
Yes.
Good point.
Visas and buying oil from Russia, Greenland, crimes, EU needing energy
Good. China can start issuing visas to Indian workers.
Actually, the withholding of India by US…wouldn’t
that be a win for India?🤔
It’s known as…Brain Drain.
Great incentive for Indians to work in their own country.
We would win…India would win👏👏👍
“ Additionally, the tariff rate is applied to the wholesale price as contracted by the importing company in the USA.”
Can someone explain this?
Anyone have SD’s article??
It showed you a better example then what I’m going to improvise below…
Example, a company in the US imports a cable tie for 5 cents (wholesale import), then to sell withing the US they mark it up to $5 dollars, so that means the tarriff is on the 5 cents AND not the US price of $5 dollars.
(mind blown realization compared to what the media is screaming)
Total tarriff is 5 cents at 100 percent tarriff.
Import 100 bags is $5.
So tarriff s on each 100 bags is offset by selling 1 bag retail.
Learning this made this a tiny issue for low cost imports using slave labor
That works for high-margin (high markup) products, but it is much larger impact on smaller margin products.
Example – if a $299 retail flat screen TV costs the importing wholesaler $140, then a 50% tariff increases the wholesale by $70 to $210, leaving only $89 gross margin at $299 retail price. That won’t fly so the retail will likely be raised to $329 or $349.
But I’m working from a 1970 market mindset, where gross margins at retail were far less than they are today with Chinese slave labor manufacturing. American & British/European made stereo equipment back in 1970 averaged about 45% to 30% gross margin at retail in private stereo shops. The US didn’t yet have big box chains for entertainment electronics.
So true.
But, I have been shocked seeing the prices of tvs now.
Maybe it was just because of Labor Day weekend.
65 tv inch under 400, closer to 300. Vizio brand and up
I’m assuming the TV cost at import.is much lower.
I’m fairly certain it is much lower as a percent of retail price; this margins ae much largr providing more room for the importing wholesaler to absorb the tariff.
But If memory serves me right, Sundance or someone in the know told us in PDJT’s first term that the Chinese government was subsidizing the manufacturers in China thereby offsetting the tariff burden on the goods exported to the US. That meant that neither the US importer-wholesaler nor the retailer had to eat much if any tariff cost. So the consumer saw zero increase.
Good reminder
China subsidizing their side.
They must think in 3 years this is over
That would be my guess also.
If he runs and is elected, will JD Vance have the spine to continue the tariffs?
I do not expect to see much of those big $$$$$$ “promises” of investment in American manufacturing actually be implemented. They can drag the planning stage out for three years and then come up with 10 reasons why they’re not gonna do it once Trump is out of office.
I don’t see any of the potential candidates for 2028 having the breadth of economic knowledge, awareness, and negotiating & political shrewdness of President Trump.
Sorry to not have such a bright and uplifting outlook. I just don’t see the spine, the fortitude, the commitment to MAGA in anyone else but President Trump.
Hopefully, that will change.
I remember my uncle bought my mother a VCR back in the early eighties.
Around 1982-83.
That thing was around a thousand dollars, and we didn’t have any movies to play.
I still don’t understand how these tariffs are going to work but I trust Trump so I’ll go with that.
I think a lot of people get scared because they hear higher prices from people in the news and people of influence.
That VCR could have been American made. RCA, Zenith, Magnavox were popular then. But so were Panasonic, Sony, Toshiba, and a few others that were made in Japan.
I don’t know the exact process, but I would think thatTariffs are assessed at Customs at each shipping port based on the bills of lading for the contents of every container on the ship. It’s like an additional “duty” charged to the importer here in America. When thst importer pays, the tariff money goes to the federal government. Like a tax.
My grandfather worked at Indian motorcycle, he was the lead purchasing agent until they closed down.
He then went to Westinghouse as a purchasing agent which was right down the road.
That was when the US still manufactured things.
I remember we had a Magnavox Tv when I was a kid back in the seventies.
I think my grandmother had a Zenith.
The TV was in a cabinet.
Yup. The television market consisted of two primary types of TVs: Console televisions (generally in some type of wood cabinet) and portable televisions generally from 19 inch down to 10 inch screens. Remember these were all heavy glass cathode ray tube screens.
Console TVs might sometimes be in larger cabinets along with stereo hi-fi systems with a turntable.
Portable television enclosureswere generally made of plastic and always had rabbit ears built into the back.
Thanks for the help. I’m still unsure how all this stuff is going to work but then again I don’t pretty much understand anything that life likes to throw at me.
Try searching lemon in the search bar here.
His example was lemons I think
I think I remember the article but I think I had a hard time understanding that also.
You cleared it up for me 4th amendment.
Thanks.
So glad you explained the tarrif’d price, being the cheap negotiated wholesale one, AND NOT the marked up retail price we got.
That immediately made this tarriff issue pointless for low cost wholesale imported products that already mark up everything 100 to 1000 percent.
Speaks volumes about those importers that increase the retail prices by more than what the tariffs are on the wholesale costs of the imported goods.
The gall of it when some of those margins are already quite profitable, ie 100%-1000%.
As is a customary reminder, trillions are at stake. Add in the backdrop that all traded commodities are highly managed to extract the maximum profit in every market of the world.
Love it!
Liberals hate tariffs. Tariffs negate the necessity of increasing taxes. Less taxes=less control of the population. Also less debt for the treasury so that helps America, which is a sure-fire way to anger globalist minded liberals.
Tariff is a tax. It’s just a question of who ultimately pays for it. We can argue about who actually has the burden (exporter or importer) but it’s pretty clear it’s not the billionaires.
“China is going to eat the whole dam thing”. Tariffs.
There are companies in America are using Tariffs to raise their prices. More people need to hear what Navarro says.
President Trump must protect Article II Powers and Authority
of the United States Constitution.
This is a BIG deal. Supreme Court needs to step up on this one. The robed wonders need to once again remind judges they don’t rule over the executive branch.