President Donald Trump’s trade adviser, Peter Navarro, said on Monday that reduction of U.S. trade deficits through tough negotiations with America’s trading partners will boost growth and preserve U.S. national security.
Navarro, who serves as director of the new White House National Trade Council, told a gathering of economists that if current trade trends continue, foreign interests will eventually acquire wide swaths of the U.S. economy.
“Trade deficits do matter, and they matter a great deal,” Navarro said at the National Association for Business Economics’ annual policy conference.
via Reuters
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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