WEBVTT - Single Best Idea with Tom Keene: Peter Navarro

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news. A single best idea.

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<v Speaker 1>What a conversation with Peter Navarro. He and I have

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<v Speaker 1>known each other for decades. He put out a book

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<v Speaker 1>and I think it was in nineteen ninety four that

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<v Speaker 1>was earthshaking, a really aggressive book about US Chinese relationships,

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<v Speaker 1>which began his career of trade in China. This is

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<v Speaker 1>a professor at the University of California at Irvine. The

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<v Speaker 1>way I construct these interviews is understanding that I'm not

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<v Speaker 1>the expert. I went to our Eric Wasson writing with

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<v Speaker 1>Alicia Diaz, but Eric Wasson This Morning and Josh Wingrove

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<v Speaker 1>covering the White House, and they gave me immediate perspective

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<v Speaker 1>on the emotion of the politics in this crazy news

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<v Speaker 1>flow we're having on tariffs, on NAFTA and all that

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<v Speaker 1>followed it, and on trade. Here is Peter Navarro on

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<v Speaker 1>the future of what years ago we knew as an AFTA.

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<v Speaker 2>USMCA has some significant flaws in it, and it's going

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<v Speaker 2>to be reevaluated in July. The great Jamison Greer, or

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<v Speaker 2>US trade representative will be taking the lean on that.

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<v Speaker 2>But nothing ever happens in the White House without the

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<v Speaker 2>commander in chief, particularly on trade. So as the Boss says,

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<v Speaker 2>let's see what happens.

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<v Speaker 1>They are the politics of NEFTA of Mexico and Canada

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<v Speaker 1>and the United States, lots of discussion. We looked at

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<v Speaker 1>the first Congressional district of Iowa, out I eighty across

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<v Speaker 1>the river to Davenport. We looked at Lansing, Michigan's congressional

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<v Speaker 1>district with two GM factories there as well. And then

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<v Speaker 1>at one point Paul Sweeney said, Hey, Peter Navarro, what

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<v Speaker 1>about credit card Rates's.

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<v Speaker 3>Listen, Jamie Diamond, lower your freaking credit card interest rates.

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<v Speaker 3>You are a criminal the way you charge the American

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<v Speaker 3>people at twenty two, twenty five and thirty percent, and

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<v Speaker 3>the President wants you to lower that. So until Jamie,

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<v Speaker 3>until you do that, please refrain from commenting on our

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<v Speaker 3>public policy.

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<v Speaker 1>We have to have James Diamond on tomorrow to rebuff

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<v Speaker 1>the comments of doctor at Navarro on podcasts at the

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<v Speaker 1>Mississippi River. We're there on Apple Music, on Spotify, on

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<v Speaker 1>YouTube podcasts as well. It's single best idea