1. A year ago, he was serving time in prison. Today, Navarro is Trump's key adviser on the tariffs that have roiled markets.
Two years ago, Peter Navarro wrote a 30-page policy paper titled "The Case for Fair Trade" that urged the next Republican president to take aim at "those countries that have relatively large trade deficits with the U.S. and apply relatively high tariffs." Navarro wrote that China, India, the European Union, Vietnam, Thailand, Taiwan, Japan and Malaysia all belonged in this category and should be targeted with big levies....
Navarro's rhetoric in "The Case for Fair Trade" often sounds like Trump's own statements in speeches as president and on the campaign trail. For example, Navarro has emphasized the importance of focusing on China and achieving American greatness and blasted the World Trade Organization.
"The stark lesson of this chapter is that America gets fleeced every day in the global marketplace both by a predatory Communist China and by an institutionally unfair and nonreciprocal WTO," Navarro wrote two years ago. "Addressing these two challenges would go a long way toward restoring American greatness, both economically and militarily.".....
Before taking a job in the first Trump administration, Navarro, now 75, was a professor of economics at the University of California, Irvine's business school. He unsuccessfully ran for office multiple times in Southern California in the 1990s, including one loss in a U.S. House race where he was the Democratic nominee.
Navarro also co-wrote a 2011 book, "Death by China," which was turned into a 2012 movie....A New York Times report in 2019 noted that the book and others by Navarro featured a made-up source named Ron Vara, an anagram of Navarro's last name that he created as a writing device and a kind of inside joke....
Navarro and another Trump ally and adviser, billionaire Tesla (TSLA) and SpaceX Chief Executive Elon Musk, have clashed over Trump's tariffs, with Musk saying in a social-media post on Saturday that Navarro's doctoral degree in economics from Harvard "is a bad thing, not a good thing" as it results in more ego than brains. The Tesla boss also blasted Navarro as never having built anything.
....Musk took exception to Navarro saying in a CNBC interview that the Tesla CEO is "not a car manufacturer" but rather "a car assembler." Musk responded by saying that Navarro is "dumber than a sack of bricks." He also wrote: "Navarro is truly a moron."
"By any definition whatsoever, Tesla is the most vertically integrated auto manufacturer in America with the highest percentage of U.S. content," Musk wrote. "Navarro should ask the fake expert he invented, Ron Vara."....
Source Link: https://www.morningstar.com/news/ma...umps-tariff-policy-elon-musk-is-not-impressed
2. Poster's Comment:
Boys will be boys. Maybe the world will have the chance to witness an exciting cage fight between the two "boys" in a zoo. Let history decide the outcome of their public feud.
If Ron Vara wins, he could be awarded the Nobel Prize for Economics. All the professors in the world, including those from the top universities in the US and the UK, will queue up to kowtow to the "Einstein of Economics" for rewriting all economic principles and turning them topsy-turvy.
If Ron Vara loses or his tariff policy causes the downfall of his patron-cum-faithful disciple Trump Bump, both of them will be dumped into "the toilet bowl of history" and flushed away.
Additional Reference:
www.bbc.com
Two years ago, Peter Navarro wrote a 30-page policy paper titled "The Case for Fair Trade" that urged the next Republican president to take aim at "those countries that have relatively large trade deficits with the U.S. and apply relatively high tariffs." Navarro wrote that China, India, the European Union, Vietnam, Thailand, Taiwan, Japan and Malaysia all belonged in this category and should be targeted with big levies....
Navarro's rhetoric in "The Case for Fair Trade" often sounds like Trump's own statements in speeches as president and on the campaign trail. For example, Navarro has emphasized the importance of focusing on China and achieving American greatness and blasted the World Trade Organization.
"The stark lesson of this chapter is that America gets fleeced every day in the global marketplace both by a predatory Communist China and by an institutionally unfair and nonreciprocal WTO," Navarro wrote two years ago. "Addressing these two challenges would go a long way toward restoring American greatness, both economically and militarily.".....
Before taking a job in the first Trump administration, Navarro, now 75, was a professor of economics at the University of California, Irvine's business school. He unsuccessfully ran for office multiple times in Southern California in the 1990s, including one loss in a U.S. House race where he was the Democratic nominee.
Navarro also co-wrote a 2011 book, "Death by China," which was turned into a 2012 movie....A New York Times report in 2019 noted that the book and others by Navarro featured a made-up source named Ron Vara, an anagram of Navarro's last name that he created as a writing device and a kind of inside joke....
Navarro and another Trump ally and adviser, billionaire Tesla (TSLA) and SpaceX Chief Executive Elon Musk, have clashed over Trump's tariffs, with Musk saying in a social-media post on Saturday that Navarro's doctoral degree in economics from Harvard "is a bad thing, not a good thing" as it results in more ego than brains. The Tesla boss also blasted Navarro as never having built anything.
....Musk took exception to Navarro saying in a CNBC interview that the Tesla CEO is "not a car manufacturer" but rather "a car assembler." Musk responded by saying that Navarro is "dumber than a sack of bricks." He also wrote: "Navarro is truly a moron."
"By any definition whatsoever, Tesla is the most vertically integrated auto manufacturer in America with the highest percentage of U.S. content," Musk wrote. "Navarro should ask the fake expert he invented, Ron Vara."....
Source Link: https://www.morningstar.com/news/ma...umps-tariff-policy-elon-musk-is-not-impressed
2. Poster's Comment:
Boys will be boys. Maybe the world will have the chance to witness an exciting cage fight between the two "boys" in a zoo. Let history decide the outcome of their public feud.
If Ron Vara wins, he could be awarded the Nobel Prize for Economics. All the professors in the world, including those from the top universities in the US and the UK, will queue up to kowtow to the "Einstein of Economics" for rewriting all economic principles and turning them topsy-turvy.
If Ron Vara loses or his tariff policy causes the downfall of his patron-cum-faithful disciple Trump Bump, both of them will be dumped into "the toilet bowl of history" and flushed away.
Additional Reference:
Elon Musk and Mark Zuckerberg agree to hold cage fight
Earlier this month, Meta showed staff plans for a text-based social network designed to compete with Twitter.
www.bbc.com
