Peter Navarro Excluded From China Talks After Exploding At Steven Mnuchin, Wilbur Ross

Update: according to Axios, during the US delegation's trip to Beijing two Fridays ago, Navarro "blew up" at Mnuchin over his decision to participate in one-on-one talks with his Chinese counterpart Liu He. Navarro cursed at Mnuchin and fumed about being shut out of the talks, the sources said.

  • "It stems from his belief that Mnuchin is steering them down the wrong path, policy-wise, with China," said a source familiar with their interactions.
  • On the same trip, Navarro also blew up at Commerce Secretary Wilbur Ross, according to a source with direct knowledge.
  • Navarro and Ross have a long-standing feud that is more complicated, rooted in both policy and stylistic differences, according to sources familiar with their interactions.

* * *

Back in late February, we noted something that few at the time noticed: Trump had just promoted "populist" trade-hawk Peter Navarro to the rank of assistant to the president. What happened shortly thereafter shook the administration, as first Gary Cohn resigned in very short order, and just days later Trump launched trade war against China and many other nations with which the US has had a trade deficit.

We went so far as to declare a victory for the populists over the globalists in the Trump inner circle.

Well, not even three months later, following some behind the scenes discussions between Trump and Beijing which have yet to be disclosed, it appears that the globalists are back in control as Trump's main China trade adviser, author of  "Death by China" and "Crouching Tiger: What China's Militarism Means for the World" and unrepentant trade hawk, Peter Navarro, has been excluded from talks tomorrow with China’s top economic envoy aimed at defusing a brewing trade war with the U.S., Bloomberg reported citing two administration officials.

As we reported this morning, Vice Premier Liu He, who is also Xi Jinping's special envoy, will meet with Treasury Secretary Steven Mnuchin, U.S. Trade Representative Robert Lighthizer and Commerce Secretary Wilbur Ross.

So why is Navarro, arguably the architect of Trump's entire China trade policy, being left out? According to Bloomberg's sources, Navarro has "lately behaved erratically and unprofessionally" and "his exclusion from the meeting marks another downturn in his White House career, where he was long isolated by other top officials before the president promoted him earlier this year to his top rank of aides."

Navarro didn’t immediately respond to a request for comment. The two officials didn’t elaborate on Navarro’s behavior.

The officials said Navarro wasn’t a team player when the U.S. sent a delegation led by Mnuchin earlier this month to Beijing to meet with He. President Donald Trump has proposed at least $50 billion in tariffs on Chinese goods to punish the country for what he considers unfair trade behavior, including its acquisition of U.S. technologies. China has threatened to retaliate for the tariffs, which could be imposed after a public comment period ends May 22.

Navarro's sudden exclusion would also explain Trump's sudden U-turn on ZTE, and - all else equal - would suggest that the "globalists" are back in control of US trade policy, which means that first China, then the EU, will gradually be able to normalize trade relations with the US, as Trump's threats of tariffs quietly fade away into nothing.

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Comments

FBaggins Four Star Wed, 05/16/2018 - 17:14 Permalink

Is that because the Rothschild's have a central bank in China?

Looks like Trump is now completely controlled by both the globalists and the Zionists and not by Americans. He is continuing with the Russia-alienating campaign and regime-change operations in the West, and backing off of his economic trade balancing promises regarding China.  If Trump had not promoted all the Zionists to his cabinet and people like Wall-Street globalist Steven Mnuchin to Secretary of the Treasury, he would not have made such a mess Syrian-Iran-Russian relations and have lost any real chance for his nation to regain some honor and stature in foreign relations, by joining with Russia in protecting national sovereignty issues. He could have patched up relations with Russia instead of driving that nation into even greater alliances with China. But no, he listened and obeyed the directives of the Zionists, the banksters, and the multinationals, and he renewed efforts to usurp ME turf, oil, gas and pipelines, and then he decided that there is just too much invested in China with their decades of offshoring of jobs, manufacturing, capital, and technology moved to that oppressive nation mainly because of their miniscule labor costs. 

Navarro is hated by the globalists and probably also by anyone with significant investments in China. He is probably also hated by Fabian socialist like Tony Blair who are glad that the economic and military power in the world is shifting to China.  In his 2001 book Death by Chiana, Navarro provides numerous suggestions to right the imbalances with China. He elaborates on each suggestion. The following are only a few of them without his explanations for anyone interested:

"Avoiding Death by Chinese Junk and Poison

#1 First: Let's Change Our Attitude - "Cheap" Inn't Always the Cheapest

#2 Find the Label - Then Read it Carefully!

#3 Tighten Up the Cyberloophole on "Country of Origin" Labeling

#4 Demand "Country of Origin" Ingredient Labeling

#5 Let Your Favorite Retailers Know You Prefer China-Free"

#6 Bewar of Big Ticket Items from China Bearing "Foreign" Brands

#7 Tort Reform That Makes China and Its Middlemen Truly Liable

Disarming China's Weapons of Job Destruction

#1 Pass the "American Free and Fair Trade Act"

#2 Global Cooperation and Coordination is the Watchword

#3 A Secret Currency Manipulation Mission

#4 Recognize the Real Corporate Risks of Chinese Offshoring

#5 Be Like Nucor Steel's Dan DiMicco - Not GE's Jeffrey Immelt

#6 Stop Forced Technology Transfer and the Hijacking of U.S. R&D"

In reply to by Four Star

revolla JRobby Wed, 05/16/2018 - 22:00 Permalink

Navarro to Trump: You took a freakin bribe from China and folded???

Trump: I take a bribe from whoever is giving one. I deliver results. Ask my joowitch entourage, Mnuchfly, Satanyahoo and all the others, about the new US Embassy in stolen Jerusalem.

Navarro: You f*cking @$$wipe.

Trump: You are behaving erratically and unprofessionally

Mnuchfly: Yeah. Trump's right.

Wilburp: Whatever Mnuchfly says.

In reply to by JRobby

ThirteenthFloor The First Rule Wed, 05/16/2018 - 15:58 Permalink

The tariff policy was doomed and stupid from the start - to charge tariffs on your creditor is stupid, yes you can try do it, but dont expect your government debt to be financed by those same countries you just tariffed.

There are only two ways out of this nightmare, US default/reset or an angel to invest in the reindustrialization of the US.  I do not see any angels floating by...

 

 

In reply to by The First Rule

rex-lacrymarum ThirteenthFloor Wed, 05/16/2018 - 18:39 Permalink

Let's not forget, countries are just places on a map. They don't "trade" with each other - people do. Since trade is a voluntary activity, we can be 100% certain it is viewed as beneficial by all parties involved. International borders are merely incidental features that have no bearing on the laws of economics.

Moreover, being able to constantly exchange a surfeit of freshly printed money against real goods sounds like a pretty good deal to me. I'm not sure why anyone would complain about that, it simply makes no sense whatsoever. 

In reply to by ThirteenthFloor

Oldwood rex-lacrymarum Wed, 05/16/2018 - 20:48 Permalink

We complain for the same reason we arrest narcotic dealers....because while in the short run it's lots of fun, in the end it ends in tragedy.

Continued export of jobs will leave as debt slaves to the Chinese. Once our industries are gone and we have sold our future in exchange for cheap imports, we will ultimately pay WHATEVER our owners decide to charge.

"Something for nothing" has never ended well. Sadly, for anyone paying attention, it's damned obvious where we're headed.

In reply to by rex-lacrymarum

Faeriedust ThirteenthFloor Wed, 05/16/2018 - 19:22 Permalink

A nation with sovereign fiat currency doesn't need to sell debt.  That's just a sop given to the big banks to keep their hands on the power (and the profits).  That's why Thomas Jefferson and Andrew Jackson fought so hard against incorporating a "Bank of the United States".  Because they knew that any national bank in private hands would become (like the Fed) pretty much all-powerful (also like the World Bank, or Bank of International Settlements, in Switzerland. All of these "government finance" systems actually act to retain control of the world economy by a handful of private bankers (yes, the Rothschilds among them, although not exclusively).  But they ceased to be necessary the day that Nixon floated the dollar.  The debt mechanism essentially pretends that the fiat currency is STILL BACKED BY GOLD, AND THE BANKERS OWN THE GOLD.  Since neither of those assumptions is true any more, it's a mirage backed by an illusion, a lie which serves no purpose except to enrich the great bankers.

In reply to by ThirteenthFloor

GoingBig The First Rule Wed, 05/16/2018 - 16:30 Permalink

Please know your stuff. Navarro is a certifiable nutjob whose views are way outside mainstream economics. He reminds me of all of the fear mongering that happened when Japan was the threat in the 90's.  They bought up famous golf courses like Pebble Beach and other American icons. So what happened next? They got pillaged. They ended up having to sell it back to US interests for pennies on the dollars. Same fear mongering here. 

In reply to by The First Rule

swmnguy GoingBig Wed, 05/16/2018 - 16:38 Permalink

It's not just what Navarro believes, although that's weird enough; it's his behavior.  He makes a fetish of rude, obnoxious behavior.  I realize that's become fashionable in American media today, because it draws attention.  As professional wrestling and pornography become sources of style in American culture, the media have promoted bad behavior to attract eyeballs, ratings, and therefore advertising rates.

But when somebody acts like that in real life, people just won't put up with it except under unusual circumstances.  Navarro is being shut out because he believes stupid things, and because of his behavior everybody who has to be around him hates it.

In reply to by GoingBig

resistedliving napper Wed, 05/16/2018 - 19:00 Permalink

FBaggins gave the list.  I'll repeat it for you:

"Avoiding Death by Chinese Junk and Poison

#1 First: Let's Change Our Attitude - "Cheap" Inn't Always the Cheapest

#2 Find the Label - Then Read it Carefully!

#3 Tighten Up the Cyberloophole on "Country of Origin" Labeling

#4 Demand "Country of Origin" Ingredient Labeling

#5 Let Your Favorite Retailers Know You Prefer China-Free"

#6 Bewar of Big Ticket Items from China Bearing "Foreign" Brands

#7 Tort Reform That Makes China and Its Middlemen Truly Liable

Disarming China's Weapons of Job Destruction

#1 Pass the "American Free and Fair Trade Act"

#2 Global Cooperation and Coordination is the Watchword

#3 A Secret Currency Manipulation Mission

#4 Recognize the Real Corporate Risks of Chinese Offshoring

#5 Be Like Nucor Steel's Dan DiMicco - Not GE's Jeffrey Immelt

#6 Stop Forced Technology Transfer and the Hijacking of U.S. R&D"

 

name calling Navarro is not a rebuttal.  ZTE reversal smells like Mnuchin (GS) and is a cave-in no matter what 'deal' tRumpf

is working w/ China.  and China wants the Norks neutered more than we 

In reply to by napper