Peter Navarro
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White House trade advisor Peter Navarro, who was benched last year after arguing strenuously with President Trump’s more moderate economic advisors, is reported to be back in favor again. Media say he may get a job that would give him more influence over trade policy. He has had two positions with fancy titles, but small staffs and little influence inside the White House.

In San Diego County from 1992 through 2001, Navarro ran unsuccessfully for mayor, county supervisor, city council, and Congress. He went on to become an economics professor at the University of California, Irvine. Trump, then a candidate for president, expressed strong approval of Navarro’s nationalist trade views.

In the days up to Sunday (February 25), the Wall Street Journal’s headline read, “Trump Set to Promote Trade Hawk Peter Navarro.” The New York Times proclaimed, “Peter Navarro, a Top Trade Skeptic, is Ascendant.”

Navarro has penned extremely hawkish books on trade. His books include The Coming China Wars (2006), and Crouching Tiger: What China’s Militarism Means for the World. Conventional economists thumb down his views, and foreign affairs experts quaver at his exploration of the possibility of an armed conflict between the United States and China.

His new title might be “assistant to the president for trade policy,” says Politico. The publication says Trump, who often inquires why Navarro isn’t at trade-related meetings, ordered the change, which as of last night had not yet been made. Trump likes Navarro’s tough-guy approach to trade.

On February 23, Bloomberg reported that Trump was pushing for the “harshest possible” global tariff of 24 percent on steel imports, defying retaliation threats by the Chinese. The apparent ascendancy of Navarro “indicates that the influence of Trump’s Wall Street–based globalist wing — Gary Cohn and Steven Mnuchin — is waning,” says columnist Tyler Durden of Zero Hedge.

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Comments

AlexClarke Feb. 26, 2018 @ 7:15 a.m.

Peter Navarro along with everyone else that associates themselves with Trump will be tarnished by him.

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dwbat Feb. 27, 2018 @ 10:50 a.m.

And in that pic he looks like a homeless guy who suddenly put on a used suit. Does he NOT know about a "shave and a haircut" to look presentable?

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Don Bauder Feb. 28, 2018 @ 11:50 a.m.

dwbat: He is a handsome guy. I wouldn't dare tell him what to tell his barber. I would tell him my negative opinion of his protectionist views. Best, Don Bauder

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dwbat Feb. 28, 2018 @ 8:41 p.m.

If that is his normal look, then he doesn't HAVE a barber. He is cutting it himself with a rusty Boy Scout knife! ;-)

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Don Bauder March 1, 2018 @ 8:31 a.m.

dwbat: Have you ever tried to give yourself a haircut? I haven't, but I think it would be laughable, except today I have very little hair on top and might be able to perform the feat. Best, Don Bauder

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dwbat March 1, 2018 @ 9:20 a.m.

My hair (lack of) is the same, so I do give myself a haircut.

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Don Bauder March 2, 2018 @ 2:11 p.m.

dwbat: I still go to a barber -- for five minutes or so. Best, Don Bauder

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Darren March 4, 2018 @ 3:28 p.m.

Peter thinks he is one of the Beach Boys.

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dwbat March 7, 2018 @ 2:22 p.m.

More like one of The Bowery Boys, I think.

None

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Don Bauder Feb. 26, 2018 @ 10:29 a.m.

Bob Hudson: You did a splendid job working for the group trying to fight off Edison's hostile takeover bid. However, I don't think Navarro's tariff- happy trade policies are new. In fact, some say that the 1920s tariffs were one cause of the Great Depression of the 1930s. There is nothing new about protectionism. Nor is there anything new about a sabre-rattling foreign policy. Best, Don Bauder

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Don Bauder Feb. 26, 2018 @ 10:35 a.m.

AlexClarke: I suspect you are right that in the long run, those associating with Trump will get what they deserve: ignominy. However, that won't happen right away. Even when Mueller's findings come out, the hard right will back Trump, partly because they won't understand such things as offshore money laundering.

Even Trump's alleged affairs with a porn star and a Playboy Playmate won't knock down the support of the Trump base. Best, Don Bauder

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Bob_Hudson Feb. 27, 2018 @ 8:06 a.m.

Why "Even Trump's alleged affairs with a porn star and a Playboy Playmate won't knock down the support of the Trump base."?

Lewinsky: that's why.

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Darren March 4, 2018 @ 3:37 p.m.

Amazing how the Trump support base who are Christian, for what I can see, seemed to go blind-eye and tight lips about Trump having sex with a porn star, while he was married, then his lawyer paying off the sex lady with $130k for a NDA, so Trump's reputation would not be soiled before his run for POTUS. I say shame on the hypocrisy!

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Don Bauder Feb. 27, 2018 @ 8:29 a.m.

Bob_Hudson: Did the public become hardened to adulterous presidents with Bill and Monica? I'm not sure. Grover Cleveland's fathering a child out of wedlock may not have hurt him. I don't know about Harding. The stories of his romps in the White House may have come out after he was gone. Best, Don Bauder

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dwbat Feb. 27, 2018 @ 10:47 a.m.

Harding had many romps before he became president. So his surname was appropriate. :-)

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Don Bauder Feb. 28, 2018 @ 11:51 a.m.

dwbat: Good one! I wish I had thought of that. Best, Don Bauder

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FJL Feb. 28, 2018 @ 7:19 a.m.

Every time I see the word tariff mentioned as part of our trade policies I wonder why VAT (value added taxes) aren't part of the discussion.

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Don Bauder Feb. 28, 2018 @ 11:53 a.m.

FJL: The value added tax has been part of discussions for many years, but it seems to have receded. I don't know why. Best, Don Bauder

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Don Bauder March 1, 2018 @ 11:39 a.m.

TRUMP ANNOUNCES 25 PERCENT TARIFFS ON IMPORTED STEEL, 10 PERCENT ON ALUMINUM. MARKET PLUNGES. President Trump today (March 1) announced that he intends to impose 25 percent tariffs on imported steel and 10 percent on imported aluminum. He had discussed this earlier. The Dow Jones Industrial Average is down more than 500 points, or above 2 percent, at 11:38 west coast time. Best, Don Bauder

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SportsFan0000 March 1, 2018 @ 9:54 p.m.

Trump may start a Trade War and another Republican Recession...

Republicans bring Recessions with them to the WH. You can set your watch to it..

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dwbat March 2, 2018 @ 11:45 a.m.

I would, but thanks to Republicans, I can't afford a watch anymore!

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Don Bauder March 2, 2018 @ 2:14 p.m.

dwbat: I can't stand to watch what is going on in Washington these days. Best, Don Bauder

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Don Bauder March 2, 2018 @ 7:19 a.m.

SportsFan0000: Often it is difficult to assign blame or credit to the incumbent in the case of a recession or boom. Intelligent people knew that Trump's taking credit for the stock market boom was foolish. Stocks soared under Obama, too, but he was too smart to take credit. And the Federal Reserve usually deserves much of the blame or credit, not the incumbent administration.

Prior to the 207-2009 Great Recession, the Fed completely missed the fact that junk mortgages were being packaged and given AAA ratings. Derivatives were out of control. Housing was peaking. These factors combined into a cocktail that exploded. George W. Bush was president when it all happened. Was he to blame? Partly. Both the Fed and the administration took a laissez faire approach, permitting the banks to destroy themselves by looking the other way -- until they had to spend hundreds of billions to bail them out. Best, Don Bauder

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SportsFan0000 March 6, 2018 @ 5:26 a.m.

Assistant to the President for Trade Policy?! LOL!

They have already destroyed the Asian Trade deal and handed those markets over to China..

Now, with steel tariffs expected to Clobber Canada..... Deregulation of Wall Street and businesses...

Massive Deregulation and a Trade War?! What could go wrong?!

This Administration looks like it is repeating the same mistakes made by past Republican Administrations that lead to the Crashes of 1929 and 2008..

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Don Bauder March 6, 2018 @ 9:53 a.m.

SportsFan0000: For very good reasons, Canada hates Navarro. Those tariffs will hit Canada hard. Best, Don Bauder

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SportsFan0000 March 6, 2018 @ 5:30 a.m.

Don, the Didn't the biggest recessions in American history happen when Republicans controlled both Congress and the WH?!

(1928 and 2008?!) Will they try for the Trifecta in 2018-2019?!?!

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Don Bauder March 6, 2018 @ 10:05 a.m.

SportsFan0000: Republicans held the presidency when the Great Depression started, and when the Great Recession started. Whether they held both houses of Congress during those periods I don't recall.

There was easy money (and wildly speculative markets) leading up to the 1929 crashes. The heavy tariffs enacted during the 1920s certainly had something to do with the following Depression.

In the 2007-2009 Great Recession, the Federal Reserve ignored all the signals -- the housing bubble was bursting, housing-related derivatives (sold as AAAs when they should have been DDDs) were about to crash. The White House ignored those red flags just as the Fed did.

However, it's dangerous to cite causation based on only two events. For example, would you cite World War II, the Korean War, and Vietnam as examples of wars occurring under Democratic administrations? There are a lot of variables involved -- a lot of negative signs building up over time. You can't just blame the incumbent for unhappiness during his/her administration. Best, Don Bauder

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danfogel March 6, 2018 @ 10:03 p.m.

When the great recession started in 2007, Democrats controlled both houses, with the help of a couple of independents who caucused with them in the Senate.

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Don Bauder March 16, 2018 @ 7:13 a.m.

danfogel: I will take your word for it. This spares me looking it up. However, if anybody deserves a lot of the blame for the Great Recession, it was the Federal Reserve and other bank regulators. The private sector firms that gave AAA ratings to junk debt deserve some of the blame. And, as always, societal greed was a huge factor. Best, Don Bauder

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Don Bauder March 6, 2018 @ 9:45 a.m.

NAVARRO NOW HAS SAME STATUS AS AS DIRECTOR OF THE NATIONAL ECONOMIC COUNCIL, ALTHOUGH CONVENTIONAL ECONOMISTS HATE HIS VIEWS. Former San Diegan Peter Navarro now has the same status in the White House as Gary Cohn, the former president of Goldman Sachs who is director of President Trump's National Economic Council, according to the Washington Post.

After being initially shelved, Navarro "has been taking a victory lap" after the president said he intends to slap tariffs on imported steel and aluminum, says the Post today (March 6). However, almost all economists "speak of Navarro like he is a boogeyman."

Navarro has picked up Trump's vocabulary. Auto manufacturers are strongly opposing the tariff proposals. "They put out fake news," says Navarro. Best, Don Bauder

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Don Bauder March 6, 2018 @ 3:23 p.m.

GARY COHN, TRUMP'S TOP ECONOMIC ADVISOR, PLANS TO RESIGN. Media think Trump's tariff plans, influenced by Navarro, may be the reason. As you see above, Navarro has been elevated to a position equal to Cohn's. Cohn is a former president of Goldman Sachs. Best, Don Bauder

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Don Bauder March 6, 2018 @ 9:01 p.m.

CONSENSUS SEEMS TO BE THAT FOR GARY COHN, NAVARRO'S TARIFFS WERE THE LAST STRAW. Commentators think that Cohn almost resigned over Trump's racist remarks over Charlottesville. But he stayed on, and the tariffs were the last straw. And I would add, the promotion of Navarro to a post equal to his probably played a role. Best, Don Bauder

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Don Bauder March 6, 2018 @ 9:03 p.m.

I CAN'T RESIST TELLING THIS STORY: The last time I talked with Navarro, he called me. It might have been 5 or 6 years ago. His last words to me: "I'll sue your fking a." Best, Don Bauder

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Cassander March 6, 2018 @ 10:33 p.m.

Congrats (I guess) to Navarro: he may be one of the last left in Trump's bunker.

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Don Bauder March 7, 2018 @ 1:26 p.m.

Cassander: Navarro hung on even during the period in which he was shelved by Kelly. He's emeritus from UC-Irvine. Maybe he needed the job. So he may stay until the bitter end.Best, Don Bauder

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SportsFan0000 March 7, 2018 @ 12:06 a.m.

The Chaos Presidency...Things will get even worse when Mueller hits Trump, the Trump Crime Family and Associates with major Indictments....coming in 2018 and 2019...

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Don Bauder March 7, 2018 @ 1:29 p.m.

SportsFan0000: If Mueller gets to his organized crime connections (Manhattan construction, Atlantic City casinos), the media will look pretty bad. I saw few references to this during the campaign. Best, Don Bauder

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SportsFan0000 March 14, 2018 @ 3 a.m.

Trump was dealing with Mobsters in his NY and East Coast construction projects...Then, he progressed to Russian Mobsters and Mobsters from the former Soviet Republics where he gets most of his money. Since Trump's 6X corporate bankruptcies, Trump's credit has been toxic to American banks...The only ones who would finance Trump are international gangsters from Russia and the former Soviet Republics and that includes and many are controlled by Russian Dictator Putin..The world in the business community is that no one makes any money in energy and other deals with Russia unless Putin gets a big cut of the action right off the top...Russia is Run like a Gangster Mafia State..Putin has trump by the balls financially...That is why Trump will never say anything negative about Putin publicly...Putin has the power to pull the plug on financing for Trump's companies and it would collapse like a house of cards.. Deutsche Bank, favorite bank of Russian Oligarchs and money launderers. has been fined hundreds of millions of dollars by US authorities for money laundering...Deutsche Bank is Trump's and Cushner's. bank of choice. Trump just instituted new regulations doing away with huge fines for some of the illegal actions by big banks like Deutsche bank that will save that bank millions. It is the same bank that Trump owes over 500M.(Conflict of Interest?!?!).. Mueller will, very likely, uncover the major Russian criminal money laundering operation out of Cypress that has close ties to some of the former Trump campaign associates who are being charged in the cases....Trump's real estate companies are, allegedly, just a front for a major international crime syndicate of money laundering and dirty money. Allegedly, many of the properties Trump's companies have sold in Trump Tower, NYC, Florida and other locales have been sold for way above market value to cleanse the dirty international monies and make it "clean" to spend in the mainstream economy.., in the US and worldwide... The reason Mueller is taking so long with his investigations is that every rock they turn over exposes many more multi layers of corruption and many new threads of corruption to investigate...It could take Mueller years and years to unravel much of the criminal enterprises and to bring charges against the offending parties..

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Don Bauder March 16, 2018 @ 7:22 a.m.

SportsFan0000: I can't argue with what you say, except the spelling of Kushner (it's not Cushner) and the spelling of Cyprus (It's not Cypress.) You are right. Trump was tied to, and beholden to, the American Mafia in both his New York construction and Atlantic City casino deals. Then, when reputable banks would not loan him money, he turned ti the Russian mob, which is the same as turning to Putin. Mueller knows all this. Best, Don Bauder

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Ponzi March 16, 2018 @ 12:34 p.m.

If Navarro gets any more influence in the White House it's time for everyone to sell their holdings and pray that the dollar doesn't crash as well.

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