US President-elect Donald Trump named Peter Navarro, an economist who has urged a hard line on trade with China, to head a newly formed White House National Trade Council, the transition team said on Wednesday.<\/p>\n
Navarro is an academic and one-time investment adviser who has authored a number of popular books and made a film describing China\u2019s threat to the US economy as well as Beijing\u2019s desire to become the dominant economic and military power in Asia.<\/p>\n
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Trump\u2019s team praised Navarro in a statement as a \u2018visionary\u2019 economist who would \u2018develop trade policies that shrink our trade deficit, expand our growth, and help stop the exodus of jobs from our shores.\u2019<\/p>\n
Trump, a Republican, made trade a centerpiece of his presidential campaign and railed against what he said were bad deals the United States had made with other countries. He has threatened to hit Mexico and China with high tariffs once he takes office on Jan. 20.<\/p>\n
Navarro, 67, is a professor at University of California, Irvine, and advised Trump during the campaign. He has authored several books including \u2018Death by China: How America Lost its Manufacturing Base,\u2019 which was made into a documentary film.<\/p>\n
As well as describing what he sees as America\u2019s losing economic war with China, Navarro has highlighted concerns over environmental issues related to Chinese imports and the theft of US intellectual property.<\/p>\n
While Trump in the statement praised the \u2018clarity\u2019 of Navarro\u2019s arguments and the \u2018thoroughness of his research,\u2019 few other economists have endorsed Navarro\u2019s ideas.<\/p>\n
Marcus Noland, an economist at the Peterson Institute for International Economics, likened a tax and trade paper authored by Navarro and Wilbur Ross, who has been named as Trump\u2019s commerce secretary, to \u2018the type of magical thinking best reserved for fictional realities\u2019 for what he said was its flawed economic analysis.<\/p>\n
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\u2018Don\u2019t poke the panda\u2019<\/p>\n
Navarro has also suggested a stepped-up engagement with Taiwan, including assistance with a submarine development programme.<\/p>\n
He argued that Washington should stop referring to the \u2018one China\u2019 policy, but stopped short of suggesting it should recognize Taipei, saying: \u2018There is no need to unnecessarily poke the Panda.\u2019<\/p>\n
China considers Taiwan a renegade province and has never renounced the use of force to bring it under its control.<\/p>\n
China\u2019s foreign minister Wang Yi said in an interview carried on Thursday in the Communist Party of China\u2019s official newspaper that China-US relations face new uncertainties but with mutual respect for core interests they will remain stable.<\/p>\n
\u2018Only if China and the United States respect each other and give consideration to other\u2019s core interests and key concerns can there be long-term, stable cooperation, and effect win-win mutual benefit,\u2019 Wang said.<\/p>\n
After his Nov. 8 election win, Trump stoked China\u2019s ire when he took a telephone call from Taiwanese President Tsai Ing-wen in a break with decades of precedent that cast doubt on his incoming administration\u2019s commitment to Beijing\u2019s \u2018one China\u2019 policy.<\/p>\n
In an opinion piece in Foreign Policy magazine in November, Navarro and another Trump adviser, Alexander Gray, reiterated the president-elect\u2019s opposition to major trade deals, including the Trans-Pacific Partnership.<\/p>\n
\u2018Trump will never again sacrifice the US economy on the altar of foreign policy by entering into bad trade deals like the North American Free Trade Agreement, allowing China into the World Trade Organization, and passing the proposed TPP,\u2019 Navarro and Gray wrote. \u2018These deals only weaken our manufacturing base and ability to defend ourselves and our allies.\u2019<\/p>\n
Trump has vowed to pull the United States out of the TPP, a free-trade pact aimed at linking a dozen Pacific Rim nations that President Barack Obama signed in February. It has not been ratified by the US Senate.<\/p>\n
The president-elect has also vowed to renegotiate the NAFTA pact with Canada and Mexico, saying it had cost American jobs.<\/p>\n","protected":false},"excerpt":{"rendered":"
US President-elect Donald Trump named Peter Navarro, an economist who has urged a hard line on trade with China, to head a newly formed White House National Trade Council, the transition team said on Wednesday. Navarro is an academic and one-time investment adviser who has authored a number of popular books and made a film describing China’s threat to the US economy as well as Beijing’s desire to become the dominant economic and military power in Asia. Advertisement Trump’s team praised Navarro in a statement as a ‘visionary’ economist<\/p>\n","protected":false},"author":4,"featured_media":4837,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/4836"}],"collection":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/comments?post=4836"}],"version-history":[{"count":1,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/4836\/revisions"}],"predecessor-version":[{"id":4838,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/4836\/revisions\/4838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/media\/4837"}],"wp:attachment":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/media?parent=4836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/categories?post=4836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/tags?post=4836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}