Navarro Defends Trump Tariffs Amid Criticism From Elon Musk
Peter Navarro, a commercial councilor of the Senior White House, defended the large rates that President Trump has imposed on foreign nations and indicated that the offers from other countries to drop their rates on American products would be insufficient to convince the president to retire.
Navarro, who was the architect of many commercial plans of President Trump, said on the CNBC that the United States was facing a national emergency based on chronic commercial deficits and the only solution would have been that foreign countries remove the commercial barriers that had hindered the flow of American goods.
The European Union has offered Monday to drop its rates on American cars and industrial goods to zero if the United States did the same. But Navarro has criticized the block for his taxes and value restrictions on the exports of American meat, as well as systematically higher rates.
“Rubi from the American people in every possible way,” said Navarro. “So, don’t just say that we will lower our rates.”
Navarro also targeted Vietnam, who has appealed to the president in the last few days to reduce his rates. He accused Vietnam of downloading products in the US markets, working in thefts of intellectual property and killing industries such as prawns, kitchen furniture and others.
“When they come to us and say, we will go to zero rates, this means nothing for us, because it is the cheating without tariff that counts,” said Navarro.
In the interview, Navarro said that the tax cuts were imminent, as well as other benefits for Americans, such as deregulation, the lowest prices in energy, the lowest interest rates and the renovation of production.
“We will arrive in a place where America does things again, the real wages will be raised, the profits will be awake,” he added, adding, “the market will find a fund”. The equity markets went down in the first half of the negotiation day on Monday, after two days of punishment of the losses of last week.
He was also asked about Elon Musk’s public criticisms for the rates and Mr. Navarro in particular during the weekend. Responding to a post-social media praising Mr. Navarro, Mr. Musk derived his degree in Navarro’s Ivy League on Saturday as useless, and then said that Mr. Navarro had not “built” anything.
On Monday, Navarro said that Mr. Musk was not “a car manufacturer” but “a car assembly”, mentioning that the Tesla plant in Texas has imported batteries, electronics, tires and other parts. “He wants the economic foreign parts and we understand it,” he said.
