Peter Navarro on President Trump's tariff threat deadline: Let's see what happens

Peter Navarro, Trump administration senior trade and manufacturing adviser, joins 'Squawk Box' to discuss President Trump's tariff threats on Canada and Mexico. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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[@IvanHernandezelearning]

The sky didn't fall, but prices went up and are still going up. 😂

[@joedygert4362]

this guy is a nut

[@suenash8483]

The media made you believe that . Actually very smarty guy.

[@terrie001]

Love it. Drama is free entertainment

[@acornsucks2111]

and you are the nut job.

[@CWoo-l2v]

Alot of these guys are smart but they never change their mind. Their policies don't reflect current realities.

[@otter662]

Note with regards to Canada: The US trade deficit for the last 3 years has been about ~ $40 Billion per year NOT the 100, or the 200, or the 300, or the 350 Billion that depending on the day Trump has been claiming. Prior to this period of time the US trade deficit was closer to zero. Reason for the Trade deficit being $40 Billion was the relative large world price oil / gas last 3 to 4 years. Lastly, subtracting trade of oil and gas, US would have a large trade SURPLUS with Canada. Trump has also played on words. If I buy an apple off my neighbour, I am not 'subsidizing' or being 'abusing' my neighbour. If I buy 2 apples off my neighbour, I am not greatly 'subsidizing' or being greatly 'abused' by my neighbour. Given the logic /rhetoric I wonder what just stealing an apple off a neighbor means?? Ie if you steal an apple, I guess at least you would know that you weren't being abused by your neighbour. Trump has other goals , reasons for imposing tariffs, okay fine perhaps, but lay off the misleading rhetoric about the numbers and the language.

[@rdefacendis]

It has been clear from economists in Trump's orbit who have recently commented on this new policy, that Trump knows there will be short term price shocks but that they will be temporary and in the medium term, he is trying to encourage the repatriation of manufacturing and energy extraction back to the US. So we can stop ruminating about every comment or data point Trump trots out.. everyone knows he exaggerates stuff. But the core message that underpins his policy are clear: Come build your stuff in the US... we will lower taxes, lower regulation and you will be price competitive with your products... The implications for Canada are MASSIVE. Both Mexico and Canada will have to go through the long and perhaps painful process of re-tooling their economies. There will be many business casualties and job loss. Please understand that America doesn't care about that.

[@ianLord77]

I couldn’t agree more. Trump is talking absolute nonsense that even a child can figure out. If you buy things that you need and you pay for them,as you should, how is that “subsidizing” the other party? Furthermore, as far as I know, we are buying oil from Canada at very attractive price plus it’s the kind of oil that most of our refineries are suited to process. Also, quite a large number of our states are dependent on trade with Canada and will be seriously affected by those tariffs.

[@Abebe345]

He's factoring the weak FX rate which makes Canadian work cheaper and other structural differences that he doesn't offset w tarriff which he counts as a subsidy.

[@Isa-kr6pc]

Trump is wrong imposing tariffs. I'm not ready or able to shell out more. Easy for him. He has more money

[@otter662]

@@ianLord77 It will be an exhausting few years. Best wishes to you..

[@lawrencejeffrey9245]

Pete the jailbird. Tell us all about your time in jail. Did you get engaged? How's the Green Bay sweep working out for you. Get ready, Mercans. No Canadian oil, electricity, aluminum, lumber, nickel, potash, specialty metals..

[@suenash8483]

Target by the Biden admin . He is the good guy thanks

[@acornsucks2111]

He does not want your boyfriend leroy, you can keep him.

[@mysticwatersoo]

Canada will collapse if it can't sell to the us

[@michaelandersen141]

What does any of this have to do with Canada? Punching your best friend the face for problems that have nothing to do with Canada?

[@rryan554]

Why do these networks give these kooks air time? Oh, that’s right they need to put them on so they can sane-wash this administration and stay under the radar. Got it.

[@KJB-gn8mr]

Unfortunately legacy media do have their agendas ...

[@killerkally7080]

Because they are the only one willing to come on air and speak nonsense..

[@SKIPOLE1]

When one figures out oil, that the USA gets from Canada 🇨🇦 at a discounted price as Canada 🇨🇦 has few pipelines to tidewater, and services, Canada 🇨🇦 actually has a trade deficit. These means the USA 🇺🇸 will lose $$$ and market share. Maybe forever. The world is much smaller now due to transportation improvements.

[@mygunisinnocent8028]

You can bet if they had buyers overseas that would pay more for their tar sand oil, they would be building pipelines from east to west. The problem is, Canadian tar oil is expensive to refine, and I don't see any country wanting to buy this stuff and ship it across the ocean to refine when they can buy oil that is cheaper to refine from other places. Since nobody wants the oil, Canada sells it cheap to US refineries

[@hildaharkin]

This fool doesn’t know what he’s talking about

[@carstenerbe3926]

This guy is not lucid. It is a shame that he is so close to power.

[@RobertVinet]

Lots of lies in what Navarro states.

[@acornsucks2111]

LOL

[@stanleyhache1626]

The US owes trillions in debt... Who exactly do you believe that the US owes the money to? As for Fentanyl... is somebody forcing Americans to consume the drug?

[@ramjet4025]

Trump is guaranteed to make Inflation Great Again

[@lovehandr]

Ask American Soya bean farmers how blue the sky is following the 2018 tariffs? They lost the Chinese export market.

[@acornsucks2111]

bo ho ho

[@tiz6549]

Just keep that popcorn 🍿 popping!!!!!😂😂🤣🤣

[@Berealone90]

Oh well, we voted for crazy. We are getting crazy. If was in Canadian or Mexican. And if the US put 25 percent tariff on our good. We raise ours to 50 percent on American goods. Stop all timber sells to the United States. Hmm, you think housing is expensive now. Just wait. You play stupid games, and you win stupid prizes. And what was this guy even saying, just rambling.

[@TheJester123-k1r]

To be fair, the fentanyl is killing 10s of thousands of Americans. However, if the USA with it's vast resources hasn't been able to stop the flow of these drugs through our country, how is Mexico with all it's problems going to? The government can only do so much to stop people taking drugs... These tariffs will come at significant cost diplomatically and economically with positive outcomes in doubt...

[@mygunisinnocent8028]

Biden increased the tariffs on Canadian lumber to 14.8 % and our US lumber industry expanded and it will expand more with 25% tariffs. The great US pine forest that stretches across the Southeaster US, has now surpassed Canada in lumber production. We also have a huge lumber industry in the Northeastern states.

[@ruth6958]

I admit I voted for crazy three times. Forgot all the craziness of these guys. What a bunch of knuckleheads.

[@SkepticalChris]

A tariff is a sales tax on American taxpayers. So decreasing their taxes while increasing the tariffs they have to pay for, doesn't make them richer.

[@SKIPOLE1]

When one leaves out oil, that the USA gets from Canada 🇨🇦 at a discounted price as Canada 🇨🇦 has few pipelines to tidewater and services, Canada 🇨🇦 actually has a trade deficit with the USA. These means the USA 🇺🇸 will lose $$$ and market share. Maybe forever. The world is much smaller now due to modern transportation improvements. Canada 🇨🇦🍁 has more options now.

[@guile-md6mg]

Is this how he's going to give us 1.87 eggs, bacon and gas and cut our utility bills in half?

[@pragmatica1032]

If any of these items comes from Canada or Mexico then it would cost 25% more, isn't it?

[@gregspeer3942]

This guy is an American traitor! Why are you giving him a voice?

[@apothe6]

The scariest thing is this dude really believes his bs, he think it's gonna work 😂

[@glennmorgan931]

Eggs, like prescription drugs, are still much cheaper in Canada. Way to go MAGA!

[@99Lmaster]

Peter is a total puppet...boring as hell

[@jeffheinzel1977]

Hope everyone likes paying more for everything! Tariffs are a tax and the consumer pays the tax!

[@KJB-gn8mr]

That IS the uninformed , basic opinion . Please let the economically educated have their chance ...

[@jeffheinzel1977]

It’s actually facts. Prices go up when tariffs are increased

[@deanportman1832]

He even talks like a jailbird now. Slang and slur. Not surprising he boosts crime statistic exaggerations and propaganda.

[@cdnrider6200]

Prices are going up folks

[@doug6723]

Good. Enjoy voting against your self interests MAGA. Enjoy losing Medicaid, Medicare, and SS. I'm sure you'll really appreciate it when Trump cuts the billionaires taxes again.

[@Holi-p9f]

Like Biden what is the problem???prices are up already

[@doug6723]

@@Holi-p9f Prices went down by the end of Biden's term. Biden had lower unemployment. Higher stock mkt. Most people in history covered through insurance.Added less to the deficit.

[@Holi-p9f]

@doug6723 ahhh where??? In your Dreams ...wall Street is always high only for rich people like Pelosi and company

[@NorthernPaladin5146]

Number one customer of America number one travel destination for America is canada. I know there's only 45 million on people in that country but they are a proud people and I have a feeling they are going to if not just remove all money coming into America

[@mygunisinnocent8028]

We sell very little to Canada due to their high tariffs on US products. They don't buy much from us to begin with. The only thing they could find to tariff was our Florida orange juice.

[@barrystewart3950]

@@mygunisinnocent8028 that's ridiculous. Just ignorant lies, in fact. From the office of the US President, 2022: "Canada Trade & Investment Summary U.S. goods and services trade with Canada totaled an estimated $908.9 billion in 2022. Exports were $427.7 billion; imports were $481.2 billion. The U.S. goods and services trade deficit with Canada was $53.5 billion in 2022. U.S. goods exports to Canada in 2022 were $356.5 billion, up 15.1 percent ($46.8 billion) from 2021 and up 22 percent from 2012. U.S. goods imports from Canada totaled $436.6 billion in 2022, up 22.2 percent ($79.3 billion) from 2021, and up 35 percent from 2012. U.S. exports to Canada account for 17.3 percent of overall U.S. exports in 2022. The U.S. goods trade deficit with Canada was $80.1 billion in 2022, a 68.0 percent increase ($32.4 billion) over 2021. U.S. exports of services to Canada were an estimated $71.3 billion in 2022, 24.8 percent ($14 billion) more than 2021, and 8 percent greater than 2012 levels. U.S. imports of services from Canada were an estimated $44.6 billion in 2022, 20.5 percent ($7.6 billion) more than 2021, and 39 percent greater than 2012 levels. Leading services exports from the U.S. to Canada were in the professional and management services, travel, and financial services sectors. The United States had a services trade surplus of an estimated $26.6 billion with Canada in 2022, up 32.9 percent from 2021."

[@Abebe345]

Number one travel destination is within US.

[@Isa-kr6pc]

I'm a Canadian, and love visiting USA, but not this year. Have to be careful with money. Think tariffs going to us on both sides. Hopefully it won't happen.l as this isn't the right approach. Has to be a better way that we both benefit. Good luck.

[@sylvaintrepanier3577]

@@mygunisinnocent8028 Canada imported US$ 277 billions in 2023.

[@delxinogaming6046]

How will we know when fentanyl is halted from Canada!? This makes no sense. F comes on ships from Asia

[@BrianFantana-v2f]

Navarro is not very articulate. Kind of sounds dopey.

[@satendravishwakarma4490]

If you account Illegals figures and Fentanyl from Mexico, 25% tariffs on Mexico is pretty low in comparison with Canada. Trump advisors needs review of mathematics.

[@kennethsu1762]

"Let's see what happens. "This is the wisdom from the Oval Office? And the argument that tariffs didn't impact the economy ? Ask my midwestern farmers' about that. Also, one of the main goals of the tariffs was to bring manufacturing jobs back to the US. How did that work out? The big picture gets lost in the tariff argument which is the unintended consequence and deliberate destruction of our country's number one export, the greenback. We've had trade deficits since the early 1970s and our economy still has the largest GDP in the world. Trade deficits are a reflection of wealth not poverty. When an economy goes into a recession, what happens to the trade balance ? But what happens when the economy expands and grows? The income rises and households have more money to consume so trade deficits rise. More than the trade deficits, the bigger issue was the lack of redistribution of profits. Examine the Gini Coefficient, which is a model of income equality, and you will see the problem. Trade deficits don't matter as much especially when you have foreign central banks that want to hold USD to stabilize their currency and you are home to the capital inflow center of the world, Silicon Valley. Why are we arguing about something that is yesterday's newspaper. We should be skating to where the puck is going not to where it is. Any success of the tariif plan has far greater geopolitical unintended consequences like eroding international standing and reducing our reserve currency comparative advantage. If you think financing the debt is a problem now, wait until central banks ' lower the amount of USD and treasuries they hold in their vaults. Also the objective of bringing back jobs is fanciful pipe dream. There may be reshoring, but with the emergence of AI and humanoid robots, the mass scale manufacturing will be done by robots not middle class Americans. Does anyone else feel like this an episode of the Office? "But let's see what happens."

[@DebbieHatfield-w8v]

This guy is as crazy as Trump is

[@andysfavoriterecipes3847]

Trump couldn't negotiate his way out of a paper bag

[@RossJames-i6s]

The over riding goal for all USA trading partners must be the total and complete isolation of the USA from trade, permanently. We need trade alliances with intelligent, ethical and stable countries. Not the USA. Not ever again.

[@T-Bone.]

Hello inflation 🚀🚀🚀🚀🚀🚀

[@bangbangyoureaboolean1324]

His brain fell out before coming onto the show.

[@patrickalber8485]

Why would you interview this traitor

[@williamgraham4132]

Tariff will make prices go sky high and hurt small business. Cut lawmarkers perk and pay. The lawmarkers get food paid for gas paid for 2 gyms that cost 50.000 a month each some get a car some get a driver all paid by the tax payer

[@narlycat]

Why's this guy out of jail?

[@stormtrooper9338]

Navarro and Trump. Dumb and Dumber.

[@KJB-gn8mr]

At least we know who actually is running the country ...

[@michealmicheal-ft3jk]

@@KJB-gn8mr ya we know elon musk🤣🤣🤣🤣🤣🤣🤣🤣

[@stormtrooper9338]

@KJB-gn8mr Elon and the oligarchs.

[@cdnrider6200]

Doesn't make sense but that's trump . the USA is at a surplus with Canada not a deficit

[@markdc1145]

But 'deficit' fits the narrative better!

[@cdnrider6200]

@@markdc1145 absolutely

[@jaytigra2234]

according to chatGPT: (tarrifs causing inflation - McKinley Tariff of 1890 ) " Increased Cost of Living Led to Backlash: The rise in consumer prices angered many, contributing to a Republican loss in the 1890 elections". there is the silver lining.

[@JWMottonEnt]

Watch for worldwide boycotts on USA exports and travel to America while Trump is in power

[@Ntass1]

Canada really.

[@Tolpins8999]

There seems to be lack of focus on the demand side. China isn’t forcing Americans to do drugs. I know Trump thinks all problems can be solved with tariffs, not this one I’m afraid. A bit of a one trick pony the old man.

[@rafest6532]

The Billionaire Class hates Tarriffs because their Capital can’t move around the world so easily.

[@pachacutec9999]

Another clown show

[@johnwojtow9230]

Oh yeha sure..."Let's wait and see." Sure what impact will tariffs have on you filthy rich Peter??

[@ingbor4768]

"the crime pays off in America Now"

[@Jacobthekz]

Mr Peter he is tight

[@ramjet4025]

Peter Navarro Repeats endlessly, repeats Trumps Fake Narratives. What a revolting creep

[@ajklajman1434]

he sound like he had one too many cocktails

[@markdc1145]

Prices of a many things about to go up then leading to the prices of most things going up. That's how it works 🤦🏻

[@danieltam3923]

Got my daily dose of soap opera for the day !

[@Teaspun]

The man blathers on instead of answering the damned question; will there be a tariff tomorrow or not?

[@MARR_2024]

Why do you have criminals on your network? 😳🤬

[@CDNVET]

I know for certain with our Dollar drastically weakening compared to the US that, I won't be purchasing much from the South but I completely agree with Trumps Defense Policies. As a former Soldier who has served in several types of conflicts Internationally alongside our US Army brothers who were all a great bunch of patriots and friends. We all just want peace, security and stability within our borders, others thrive on religious ciaos in order to suppress it's Nationals and the West is purely targeted because of Jealousy towards our freedom, rights, beliefs and the West's standard of living .. . Pro Patria.

[@kingjustice1831]

Unhinged

[@andymcrory5353]

Is this guy drunk? He seems unable to stay on topic. He's wandering all over the place.

[@ngqongqozamasibi9939]

These old people on their death beds directing the future for young Americans it's just a joke. Where does the money from tariffs come from?.

[@gumby7919]

They better not back down…. I don’t see Canada doing any deportation flights ….

[@markadam2950]

In this model, manufacturing would come back - where would we be collecting money from as that source of revenue from tariffs would essentially dry up.

[@tylercampbell6365]

I think he was drinking before he came on

[@jimbo9953]

Maybe Americans should focus on reducing their addiction to fentanyl!

[@oldhog9132]

Guys, take pictures of the prices today, 'coz "golden age is coming"!

[@michaelcerrone1025]

There goes the economy

[@DoubleA_browser]

Becky is very very patient

[@joanduarte7741]

Not sure what he doing with this tariffs on the people

[@jimbo9953]

And Peter who is paying these tariffs? He's lying out of his ass.

[@CraigTanner-i6m]

He is full of lies and has no proof.

[@VE3BF]

Kinda like Trump.

[@ngqongqozamasibi9939]

Reporters who can not ask proper questions.

[@terrie001]

Game on!😅

[@rickhayes-oh2zm]

did any canadians show up for your speeches

[@lawrencejeffrey9245]

Jailbird Pete.

[@christopherblackall8406]

I have no news or insight on this matter....thanks pete!

[@martinmcgoldrick1357]

Liquid cow dung it stinks.

[@rickhayes-oh2zm]

he isn't going to do anything about anything you say.

[@williamgraham4132]

Some lawmarker while in dc get there rent paid

[@rickhayes-oh2zm]

for gold bullion it will be a golden age. did he check the price of gold today. new record

[@zman4444]

Maaaaannnnnnnnn my Canadian Bacon and Maple Sirup will GO up, daaaammmmmmmm Trumpsters

[@SergeyKos-b2i]

I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated!!!

[@AlbertEischted]

As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

[@DivaHarrison]

I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.

[@AlbertEischted]

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

[@DivaHarrison]

Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience..

[@SergeyKos-b2i]

how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking??

[@koninakonan1078]

Verbal daheria

[@sercvt]

Why is she so attractive?

[@TheOutdoordad]

Cuckoo cuckoo

[@JimfromBuffalo]

If tariffs cause inflation, where was all the inflation after the Civil War or in the 20s/ early 30s? Some of these economists are truly ignorant of history.

[@acornsucks2111]

This guy was a political prisoner for 3 months. God bless him.

[@danchefurka2332]

Peter Navarro is a Has-Been talk show circuit host who doesn't have a clue about what he talks about !! Get Rid of him!!!

[@blerimspahiu-sx6vr]

Afganistan is the last war where Canadians soldiers fought and died for Tramps America.Never mo re.

[@jancurtis9670]

😂😂😂😂😂

[@Mirabella-n4j]

nothing personal, just business. legal business. if the Canadian black market bleats a lot, the tariffs will rise to 50%.

[@kathyo5492]

Ur right it's just business the price for the USA is going up the Canadian discount store is closed.

[@larrysheetmetal]

WELL NANCY , SEEING AS HOW WALL STREET SUPPORTS THOSE WITH COMMON SENSE !!!!! IF SOME ONE TARIFF' ED A NATION YOU RUN AND YOU SELL THAT NATION OIL THAT NATION NEEDS to keep it;'s prices low WHAT THE FIRST THING YOU are going to RAISE TARIFF'S ON ?

[@rickhayes-oh2zm]

the bosss.

[@jimbo9953]

Total BS