The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

(Reuters) – U.S. President-elect Donald Trump named Peter Navarro, an economist who has urged a hard line on trade with China, to head a newly formed White House National Trade Council, the transition team said on Wednesday.

Navarro is an academic and one-time investment adviser who has authored a number of popular books and made a film describing China’s threat to the U.S. economy as well as Beijing’s desire to become the dominant economic and military power in Asia.

Trump’s team praised Navarro in a statement as a “visionary” economist who would “develop trade policies that shrink our trade deficit, expand our growth, and help stop the exodus of jobs from our shores.”

Trump, a Republican, made trade a centerpiece of his presidential campaign and railed against what he said were bad deals the United States had made with other countries. He has threatened to hit Mexico and China with high tariffs once he takes office on Jan. 20.

Navarro, 67, is a professor at University of California, Irvine, and advised Trump during the campaign. He has authored several books including Death by China: How America Lost its Manufacturing Base, which was made into a documentary film.

As well as describing what he sees as America’s losing economic war with China, Navarro has highlighted concerns over environmental issues related to Chinese imports and the theft of U.S. intellectual property.

While Trump in the statement praised the “clarity” of Navarro’s arguments and the “thoroughness of his research,” few other economists have endorsed Navarro’s ideas.

Marcus Noland, an economist at the Peterson Institute for International Economics, likened a tax and trade paper authored by Navarro and Wilbur Ross, who has been named as Trump’s commerce secretary, to “the type of magical thinking best reserved for fictional realities” for what he said was its flawed economic analysis.

Navarro has also suggested a stepped-up engagement with Taiwan, including assistance with a submarine development program.

He argued that Washington should stop referring to the “one China” policy, but stopped short of suggesting it should recognize Taipei, saying: “There is no need to unnecessarily poke the panda.”

China considers Taiwan a renegade province and has never renounced the use of force to bring it under its control.

After his November 8 election win, Trump stoked China’s ire when he took a telephone call from Taiwanese President Tsai Ing-wen in a break with decades of precedent that cast doubt on his incoming administration’s commitment to Beijing’s “one China” policy.

In an opinion piece in Foreign Policy magazine in November, Navarro and another Trump adviser, Alexander Gray, reiterated the president-elect’s opposition to major trade deals, including the Trans-Pacific Partnership.

“Trump will never again sacrifice the U.S. economy on the altar of foreign policy by entering into bad trade deals like the North American Free Trade Agreement, allowing China into the World Trade Organization, and passing the proposed TPP,” Navarro and Gray wrote. “These deals only weaken our manufacturing base and ability to defend ourselves and our allies.”

Trump has vowed to pull the United States out of the TPP, a free-trade pact aimed at linking a dozen Pacific Rim nations that President Barack Obama signed in February. It has not been ratified by the U.S. Senate.

The president-elect has also vowed to renegotiate the NAFTA pact with Canada and Mexico, saying it had cost American jobs.

(Reporting by Eric Beech in Washington; additional reporting by Mohammad Zargham and David Chance in Washington; editing by Doina Chiacu and Peter Cooney)

IMAGE: Screenshot/CNBC

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Danziger Draws

Jeff Danziger lives in New York City. He is represented by CWS Syndicate and the Washington Post Writers Group. He is the recipient of the Herblock Prize and the Thomas Nast (Landau) Prize. He served in the US Army in Vietnam and was awarded the Bronze Star and the Air Medal. He has published eleven books of cartoons and one novel. Visit him at DanzigerCartoons.

President Joe Biden

Photo by The White House

Reprinted with permission from Press Run

Amid breathless reports of a political "free fall" and reeling from the White House's "summer from hell," the Beltway press has leaned into the idea that Joe Biden's presidency is unraveling — that his approval rating is in a state of collapse.

Keep reading... Show less
x
{{ post.roar_specific_data.api_data.analytics }}