What Trump's top man on trade told Congress
In the Washington Post's profile of Peter Navarro, whom they call "Mr. Death by China," they catch what he said in a briefing last week with members of the Senate Finance Committee. His priorities:
- Free and fair trade
- Bilateral deals (not multilateral ones)
- Reduction of trade deficit
- Stronger industrial base
- Automatic triggers for renegotiation of trade deals
According to people at the meeting, Navarro also said he wanted tools to punish currency manipulation and restrict subsidized, state-owned companies. And he said the WTO has been "unfair" to the U.S., and that Canada had "played" the Americans in NAFTA.
Why this matters: Trump picked Navarro to be head of the newly created White House National Trade Council and he's very in tune with the president's thinking on trade.