NBC Meet the Press April 13 — Peter Navarro, Sen. Cory Booker and Ray Dalio
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Apr 13, 2025 
Peter Navarro, former White House trade advisor, shares insights on the implications of Trump's tariff strategy, especially regarding China. Ray Dalio, founder of Bridgewater Associates, discusses the cyclical nature of debt and potential economic downturns reminiscent of the Great Depression. Senator Cory Booker emphasizes the need for political unity within the Democratic Party amidst current crises. Together, they navigate the complex landscape of trade, economic pressures, and political dynamics shaping the future.
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Unfair Trade Practices
- The world cheats the US with tariffs and non-tariff barriers, costing trillions.
- This trade strategy aims to achieve fairness by charging other countries what they charge the US.
Tariff Exclusions vs. Investigations
- The White House claims a strategy exists where exemptions are not allowed.
- Navarro clarifies the difference between exclusions under IEPA and investigations under Section 232, like the one on chip supply chains.
Transition Costs and Inflation
- President Trump promised lower prices but now acknowledges a transition cost.
- Navarro highlights positive news on inflation, citing lower producer and consumer price indexes and a potential tax cut.
