Daily Traders Edge

Donald Trump and Peter Navarro – the ‘most dangerous men in global economics’ – suffer from ‘trade deficit disorder’ – American Enterprise Institute

March 13
14:17 2017

Peter Navarro, director of Trump’s White House National Trade Council, has been in the news recently for his speech on Monday to the National Association of Business Economists and his op-ed in Monday’s Wall Street Journal “Why the White House Worries About Trade Deficits.” In his speech and op-ed, Navarro laid out Team Trump’s trade agenda that involves expanding US exports, reducing imports, and thereby reducing America’s merchandise trade deficit and supposedly therefore increasing our nation’s economic growth. Unfortunately, that’s a pure mercantilist trade agenda, which is an approach to trade that has been discredited now for several hundred years. Navarro’s op-ed was a real bouillabaisse of economic errors, misunderstandings and false presumptions, and his “river of rubbish” (according to Don Boudreaux) invoked a swift round of responses and rebuttals, some of which are featured below.

Continue Reading At AEI

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