Saturday, March 11, 2017

WHITE HOUSE TRADE WAR ERUPTS BETWEEN TRUMP NATIONALISTS AND MODERATES...



This battle was bound to happen given the moderates who aren't totally on board with Trump's vision on trade. 
There's nothing wrong with a healthy exchange of ideas.  That helps Trump make informed decisions. 

Zero Hedge reports earlier this week, when we discussed Peter Navarro's jarring op-ed in the WSJ in which he alleged that the persistent US trade deficit "would put US national security in jeopardy", we said that "a better question than what is Navarro's purpose by writing it, is why he is writing it, and does his use of a public forum like the WSJ mean that there is friction between him and Trump camp, especially since in recent weeks it appears that a core pillar of Trump's trade policies, namely the border adjustability, appear to no longer be on the docket of actionable items."

As it turns out, that was precisely the correct question, because as the FT reports, "a civil war has broken out within the White House over trade, leading to what one official called "a fiery meeting" in the Oval Office pitting economic nationalists close to Donald Trump against pro-trade moderates from Wall Street."


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