The policy goal is to persuade China to stop cheating. But here's what's interesting - Donald Trump intuitively … - Peter Navarro

Same topic Authors

Quote of the day

The "18<br>40<br>60" rule to happiness: At age 18, people care very much about what others think of them. By age 40, they learn not to worry what others think. By age 60, they figure out that no one was thinking about them in the first place.

Peter Navarro

The policy goal is to persuade China to stop cheating. But here's what's interesting - Donald Trump intuitively understands what things should be. I did a study in 2008 where I estimated the impact of China's unfair trade practices on their competitive advantage - the so-called China Price. You know what it came out to be? Forty-three percent. Forty-three percent - very close to what his intuition said we needed in order to equalize things.

Cheating, Donald, Equalize, Goal, Interesting, Intuition

Same Author Quotes

The defining moment in American economic history is when Bill Clinton lobbied to get China into the World Trade Organization. It was the worst political and economic mistake in American history in the last 100 years. China went into the World Trade Organization and agreed to play by certain rules. Instead, they are illegally subsidizing their exports, manipulating their currency, stealing all of our intellectual property, using sweatshops, using pollution havens. What happens is, our businesses and workers are playing that game with two hands tied behind their back.

American, Clinton, Intellectual, Mistake, Political, Stealing

As soon as one bad actor like China massively cheats, they win at the expense of us; they win at the expense of Europe and over time it threatens the entire integrity of the global financial system and the global trading system.

Europe, Financial, Integrity, Win, Winning

We're going right down the toilet, and it's a made-in-China toilet. I teach MBAs. And I noticed, starting a few years after China joined the World Trade Organization, that a lot of my students were no longer employed. They were still coming to get their MBA, but they'd lost their jobs.

Employed, Jobs, Students, Teach, Toilet, World

Unfair trade practices drive up rents for younger people. They will drive up home prices for first-time home-buyers. So it's not just that we're losing jobs and factories. We're giving away our homes, our businesses, our companies, our technologies.

Away, Home, Homes, People, Technology, Unfair

This is what Donald Trump understands. This is the trade deficit. We run a trade deficit of close to $800 billion a year.

Billion, Close, Run, Running, Trade