Top Trump administration economic adviser Larry Kudlow tried to shed some light Tuesday on the murky area of trade negotiations with China, an issue on which the White House has given consistently contradictory messages in recent weeks.
Kudlow lambasted fellow Trump adviser Peter Navarro for comments he made last week, which included a warning that Wall Street executives should not advise the president on China trade issues, lest they want to leave a “stench” on a possible deal.
Navarro “was not speaking for the president nor was he speaking for the administration. His remarks were way off base they were not authorized by anybody,” Kudlow said during an interview on CNBC.
“I actually think he did the president a great disservice,” he added. “Look, the president can talk to whomever he can talk to.”
Kudlow insisted that it was up to President Donald Trump to weigh advice regarding what is in the best interest of the US.
“And the president has said … that if there is a deal to be had with China, it’s a deal that has to be in American interests,” Kudlow continued.
“I think Peter very badly misspoke. He was freelancing and he’s not representing the president or the administration,” he said, suggesting that he has confidence the president does not agree with Navarro’s characterization.
Nutcase Navarro
Nutcase Navarro
hahahahaehhehehe…the left hand slapping the right right…more opioids please…hawhawhawhaw….
hahahahaehhehehe…the left hand slapping the right right…more opioids please…hawhawhawhaw….
The world economy looks like a pyramid. Most of the countries in the world form the base. About one hundred countries are undeveloped and they sell commodities to make money.
The developing countries purchase manufactured products from China, because only China sells affordable products at the "China Price."
China uses its trade surplus from developing countries to buy expensive American technology and products. China is the world’s largest licensor of American technology (paying $30 billion annually in licensing and royalty fees).
China is also the world’s largest buyer of expensive American soybean, American oil and liquidfied naturla gas (LNG), Boeing aircraft, GM cars, Intel microprocessors, Apple iPhones, etc.
When you look at the world economic pyramid, the United States cannot sell directly to developing countries (aka the Third World) because they can’t afford expensive American prices.
In conclusion, the US is dependent on its Chinese customers. It is irrational economic policy for the United States to wage economic war on its largest customer China.
The world economy looks like a pyramid. Most of the countries in the world form the base. About one hundred countries are undeveloped and they sell commodities to make money.
The developing countries purchase manufactured products from China, because only China sells affordable products at the "China Price."
China uses its trade surplus from developing countries to buy expensive American technology and products. China is the world’s largest licensor of American technology (paying $30 billion annually in licensing and royalty fees).
China is also the world’s largest buyer of expensive American soybean, American oil and liquidfied naturla gas (LNG), Boeing aircraft, GM cars, Intel microprocessors, Apple iPhones, etc.
When you look at the world economic pyramid, the United States cannot sell directly to developing countries (aka the Third World) because they can’t afford expensive American prices.
In conclusion, the US is dependent on its Chinese customers. It is irrational economic policy for the United States to wage economic war on its largest customer China.
Kudlaw is an idiot assigning people to hell or heaven. Chinese will teach him a lesson before his next heart attack.
Kudlaw is an idiot assigning people to hell or heaven. Chinese will teach him a lesson before his next heart attack.
Well at least Kudlow clarified who it is that is going to give the okay for a trade deal with China and it ain`t going to be the White House. Get ready for the " STENCH"
Well at least Kudlow clarified who it is that is going to give the okay for a trade deal with China and it ain`t going to be the White House. Get ready for the " STENCH"
If I am a Chinese negotiator, the problems are these:
1. Who is really in charge?
2. Even if I know who is in charge (presumably the President), can I trust that he will stick to what is agreed?
Or will he change his mind down the track, or at the slightest change in poll numbers, or to increase his own re-election chances in 2020? The record of US presidents on the Climate Change, ABM, JCPOA and INF Treaties are not good. They have proven themselves to be untrustworthy!
But, they will continue to blame China for whatever failures to agree.
If I am a Chinese negotiator, the problems are these:
1. Who is really in charge?
2. Even if I know who is in charge (presumably the President), can I trust that he will stick to what is agreed?
Or will he change his mind down the track, or at the slightest change in poll numbers, or to increase his own re-election chances in 2020? The record of US presidents on the Climate Change, ABM, JCPOA and INF Treaties are not good. They have proven themselves to be untrustworthy!
But, they will continue to blame China for whatever failures to agree.