March 03, 2025 at 01:52PM
Tomorrow at midnight is the deadline for the fresh tariffs to go into effect on Mexico and Canada:
If you continue to run trade deficits, foreign countries will have everything you own
In our first term, we didn’t have inflation
The exporting countries absorb a large portion of the tariffs
As the trade deficit goes down, the dollar goes up
Deregulation, DOGE and ‘drill, baby, drill’ are the Trump strategy and tariffs are ‘second-order small’
I don’t see Trump wavering on any of this
Highlights timber and lumber executive orders on the weekend
That’s about what you would expect from Navarro. We will have to wait and see what happens tomorrow.
This article was written by Adam Button at www.forexlive.com.
Navarro continues to point to drugs as the reason for tariffs on Canada