These are the greatest days in American trade history: Peter Navarro

These are the greatest days in American trade history: Peter Navarro


ANYWAY? ALL THAT, SO MUCH MORE, ON “MAKING MONEY”. ♪ CHARLES: MAJOR WINS FOR PRESIDENT TRUMP THIS WEEK. THE SENATE APPROVING THE UNITED STATES MEXICO CANADA AGREEMENT TODAY ONE DAY AFTER THE HISTORIC SIGNING OF THE TRADE DEAL WITH CHINA. THEY ARE SAY THE FARMERS ARE HAPPY WITH THE CHINA DEAL AND SIGNED TO BE SIGN DEAL WITH MEXICO AND CANADA. I THINK THEY WILL TACK MASSIVE INCOMING TARIFF MONEY AND USE IT TO HELP THEM GET THROUGH TOUGH TIMES. FIRST INTERVIEW SINCE USMCA RATIFICATION, WHITE HOUSE. PETER NAVARRO. YOU TAKE A BOW. YOU GIVE CREDIT TO PRESIDENT TRUMP. ADMIT, YOU WERE A DRIVING FORCE, MONUMENTAL FORCE, A WHOLE LOT OF PEOPLE OUTSIDE OR INSIDE THE ADMINISTRATION DID NOT FORESEE THESE VICTORIES.>>I TELL YOU WHAT, CHARS, I DON’T KNOW IF YOU REMEMBER THIS, JULY ON YOUR SHOW I PREDICTED 30,000 ON THE DOW IF USMCA PASSED AND WE HAD LOWER INTEREST RATES. HAVE ME BACK WHEN WE HIT THE MILESTONE. I WILL TAKE A BOW THEN. EVERYTHING ELSE IS PRESIDENT DONALD J. TRUMP. CHARLES: WE MAY HAVE HAVE TO HAVE YOU COME BACK TODAY.>>I WILL CAMP OUT. THESE ARE THE TWO GREATEST DAYS IN AMERICAN TRADE POLICY HISTORY EVER. ONE WOULD HAVE BEEN ENOUGH. HAVE THEM COME ONE DAY APART IS TRULY EXTRAORDINARY. THIS PRESIDENT, BEST LABOR MARKET IN FIVE DECADES. BEST TRADE POLICY WE HAVE TRADE, WE HAVE JAPAN AGREEMENTS, CANADA, MEXICO, CHINA, KOREA. I MEAN, WOW. AND MARKETS RIGHTLY LIKE THIS. BECAUSE WHAT IT MEANS IS JOBS, JOBS FOR PEOPLE, WHO WORK WITH THEIR HANDS. JOBS FOR FARMERS, AND THAT MAKES THE MARKET GO UP. CHARLES: YOU’RE ABSOLUTELY RIGHT. WE SAW IT FROM THE PHILLY FED, 4 4% OF MANUFACTURERS SEE ORDER DEMAND. TO MEET THAT, 50% WE’LL HIRE MORE PEOPLE OR ADD MORE HOURS. PEOPLE NEED TO UNDERSTAND WHAT THE IMPACT WILL BE. YOU STILL HAVE YOUR CRITICS BELIEVE IT OR NOT. THEY TOLD ECONOMISTS, ONE GUY FROM OXFORD ECONOMICS DEAL, THAT IS AKIN TO STEP ONE OF COUPLES THERAPY. ANOTHER PERSON AT JPMORGAN SAID PRODUCERS WHO SUPPLY CHINA WILL BENEFIT. THEY SAY CONSUMERS ARE GOING TO LOSE OUT. FINALLY THIS FROM BRANDENBURG, RIGHT. THIS PHASE ONE OF THE AGREEMENT IS BIG STEP FORWARD BY INCLUDING SUFFICIENT DETAILS THAT ESTABLISHES A FRAMEWORK FOR VASTLY IMPROVED ECONOMIC TRADE RELATIONS. LET’S TALK ABOUT THE FRAMEWORK. THIS IS WHAT EVERYONE IS WORRIED ABOUT, PETER. CAN THIS THING BE ENFORCED? WILL CHINA LIVE UP TO THEIR WORD?>>LET’S TALK ABOUT THE ENFORCEMENT MECHANISMS FIRST OF ALL. IN THE OLD DAYS WITH THE WORLD TRADE ORGANIZATION. CHINA JOINS IT. BREAKS EVERY RULE. TAKES THREE YEARS OR MORE TO GET SOME KIND OF DISPUTE RESOLVED. BY THEN THE AMERICAN COMPANY IS OUT OF BUSINESS AND THOUSANDS OF PEOPLE ARE OUT OF THEIR JOBS IN THIS ONE WE HAVE A 90 DAY CLOCK FROM THE DAY SOMEBODY WALKS IN OR THE ADMINISTRATION ITSELF FILE AS COMPLAINT WITH USTR ROBERT LIGHTHIZER, AND HERE’S THE BEST PART. AT THE END OF THAT, IF WE, THE UNITED STATES, ARE NOT SATISFIED THAT THAT DISPUTE IS RESOLVED, WE, UNILATERALLY GET TO TAKE PROPORTIONATE MEASURES, AND CHINESE PROMISE NOT TO RETALIATE. YOU CANNOT GET BETTER THAN THAT WITH ENFORCEMENT MECHANISM. THAT IS WHY IN HIS SPEECH YESTERDAY PRESIDENT TRUMP SAID WE HAD FIRM CONTROL OF ENFORCEMENT. CHARLES: PHASE TWO, WE HAVE A MINUTE LEFT. I NEED UPDATE ON THIS.>>PHASE TWO IN A MINUTE. LET ME SEE IF I CAN DO THAT. CHARLES: THE TARIFFS ARE STILL IN PLACE.>>YES, THEY ARE. CHARLES: DECISION — CAN BE USED. CHINA’S ECONOMY. BY THE WAY THEY REPORT THEIR GDP NUMBER AT 9:00 P.M. TONIGHT. THIS WILL BE THE SLOWEST ECONOMIC YEAR FOR CHINA 30 YEARS. YESTERDAY THEIR LARGEST UTILITY, SAID THEIR ECONOMY COULD GO DOWN TO 4% GROWTH. OBVIOUSLY THEY HAVE AND YOUR AGAIN SY FACTOR TO GET EVERYTHING COMPLETED, ISN’T IT?>>THEIR ECONOMIC MODEL IS BANKRUPT AND THAT’S WHY THEY NEED TO REFORM THAT MODEL. IN ADDITION TO TARIFF PRESSURE FROM PRESIDENT TRUMP, THEY HAVE DOMESTIC PRESSURE ON A MODEL THAT IS IMPLODING. THEY NEED TO JOIN THE WORLD WITH FAIR TRADE, RECIPROCAL TRADE. THAT WILL BE BETTER FOR THEIR ECONOMY. THIS AGREEMENT IN PRINCIPLE IS A STEP TOWARDS THAT. CHARLES, GREAT TWO DAYS OF THIS. YOU’VE BEEN COVERING THIS FROM DAY ONE. JUST A GREAT DAY FOR PRESIDENT DONALD J. TRUMP. PEOPLE OF AMERICA SHOULD BE THANKFUL HE IS SITTING BACK THERE IN THE OVAL OFFICE. CHARLES: I WOULD SAY A GREAT DAY FOR PETER NAVARRO.

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About the Author: Oren Garnes

35 Comments

  1. Love listening to the Democrat savants criticize what they have zero ability to achieve.

    Thank you President Trump and team for looking out for US. KAG 2020!!!

  2. You can't judge an economy by how well the MEGA RICH like Trump are doing.
    Trump will bankrupt US like his companies.
    Proverbs 6.12-19

  3. slave work going up, imagine that. the big difference from then and now is you are responsible to feed, house and cloth yourself. all awhile the "slave owners" profit. Because its cheaper to pay people low wages instead of having to providing these things to "workers" aka "low paid slaves"

  4. Hurray for Trump. He's got our back. Fighting every day for We the People. Trump 2020πŸ‡ΊπŸ‡ΈπŸ‡ΊπŸ‡ΈπŸ‡ΊπŸ‡ΈπŸ‡ΊπŸ‡Έ

  5. The pact showed that China could not be bullied and that the United States β€œis learning to live with China and accept China on its own terms. On the major issue of government support and control of the economy, Beijing has hung tough.High costs for labor and regulatory compliance in the United States, together with persistent shortages of skilled labor, have made most multinationals leery of shifting manufacturing back to the United States. The big winners instead appear to be American allies like Vietnam, Taiwan, Indonesia and possibly India, all of which are welcoming floods of multinational executives on the hunt for alternatives to China.

  6. These voted against: Chuck Schumer, D – Kirsten Gillibrand, D – Cory Booker, D – Kamala Harris, D – Ed Markey, D – Jack Reed, D – Sheldon Whitehouse, D – Brian Schatz, D – Pat Toomey, R – Bernie Sanders, I

  7. Fox has this trade deal in PDF on their website. 94 pages. Not a bad idea to read it, as you will be getting a ton of ludicrous info from the left. If you don't have time, truly there are a ton of provisions in there to make the Chinese more accountable. The president is not backing down from what he promised. Read it.

  8. We’re in the money, we’re in the money. πŸ’ͺ🏾πŸ’ͺ🏾πŸ’ͺ🏾πŸ’ͺ🏾πŸ’ͺ🏾

  9. All democrats should be abolished, vote republicans if you want law and order in America, these democrats only want to stuff their own pockets, the hell with the American people

  10. JP Morgan had something negative to say? How was that Housing Market and Lending Crash of 2008 with JP Morgans name all over it? How was that Bailout that JP Morgan Begged for.
    Not exactly in position to give advice to an already prosperous deal.
    If JP Morgan couldn't predict the housing market crash with bad loans, how can they predict any of what they claim now?

  11. Best economy in over 50 years. Best trading in over 50 years. More minorities working, more women working, better chances to make a better living! all because of this president policies. But the Democrats impeach him anyways! The Democrats have proven that they really don’t give a Rats A$$ about the American people!! No, they only care about the POWER OVER THE PEOPLE!! They must be voted out of office!!!

  12. Its funny good news for Trump and there running out of time sad for fox news if it was a liberal condemning Trump they got all time in the world

  13. mcconnel is getting his coffers fulll …27mil in one year…!…think of the connections think of the windfall think of the communists getting whatever they want … the gop are going to come for your social security soon…!…

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