Money

Trump Adviser Navarro 'Former Left-Wing Economist'

March 12, 2018 07:08·
Donald Trump

Donald Trump

Trump announced a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports. But he soon hewed to the president's position, under pressure from the administration's trade hawks: Commerce Secretary Wilbur Ross and trade adviser Peter Navarro.

Liddell, a former CFO for Microsoft and later GM, joined the administration early a year ago and has worked closely with Jared Kushner, the president's son-in-law and senior adviser.

"Trump has unconventional views on many issues".

The president and the combative Navarro share the same hard-line views on trade that were a centerpiece of Trump's campaign.

Trump has told confidants recently that he wants to be less reliant on his staff, believing they often give bad advice, and that he plans to follow his own instincts, which he credits with his stunning election, according to two people who requested anonymity because they were not authorized to speak about private conversations.

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As alliances shifted and staffers departed, though, Navarro made his move, encouraging Trump to embrace a plan that many economists, lawmakers and White House aides warn could lead to a trade war and imperil US economic gains. Shortly thereafter, Cohn announced he would resign. I think those days are over, personally.

The prospect of import tariffs could damage the USA economy by raising costs for United States. manufacturers and consumers, while prompting its trading partners to impose their own levies on USA exporters, increasing their costs also and sapping overseas demand. But Knight was uninterested, officials were quoted as saying.

President Donald Trump and his administration are dropping clues about a potential Gary Cohn return.

Navarro, excluded from Trump's trip to Asia last fall, was sometimes seen walking the West Wing halls at night. The South Korean official relayed that Kim wanted to meet with Trump - and the president immediately accepted, according to a White House official, who was not authorized to discuss the meeting and was speaking on condition of anonymity. Cohn had broken publicly with President Trump over his response to violence at a white supremacist rally in Charlottesville, Va. last summer, and was rumored to have considered leaving at the time.

In the U.S., meanwhile, a Democratic party takeover of at least one branch of Congress in elections in November would bring more stability to Washington by curbing President Trump's ability to expand protectionist policies, he said.

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