Squawk on the Street Squawk on the Street+ Top Trade Advisor Peter Navarro 2/12/25
Feb 12, 2025
Peter Navarro, White House Senior Counselor for Trade and Manufacturing and a trade policy expert, shares his insights on the intricacies of U.S. trade policies. He discusses the potential for reciprocal tariffs and their impact on sectors like steel and aluminum. Navarro examines how these tariffs influence economic security and domestic production. He also analyzes how the Trump-era strategies have shaped the current economic landscape while providing a positive outlook amidst ongoing global complexities.
AI Snips
Chapters
Transcript
Episode notes
Reciprocal Tariffs
- President Trump advocates for reciprocal tariffs to address trade imbalances.
- He believes nations with higher tariffs and non-tariff barriers exploit the U.S.'s low tariffs.
Tariff-Based Revenue
- Peter Navarro suggests the U.S. should return to a tariff-based revenue system.
- He cites historical examples of U.S. prosperity under similar systems.
Steel and Aluminum Tariffs
- Navarro points to increased market capitalization of steel and aluminum companies after tariffs were imposed.
- He expects similar growth with renewed tariffs and investments.