U.S. Trade Representative Robert Lighthizer will be the only witness to give testimony during a hearing this week before a Senate Appropriations Subcommittee. Lighthizer is one of the key Trump administration members at the center of the president’s trade strategy that’s led to retaliatory tariffs from China, Mexico, Canada, the European Union, and others. Many of those tariffs are hitting …
Navarro Discounts Trade War Impact on Ag
White House Trade Adviser Pete Navarro downplayed the impact tariffs are having on the ag economy, calling the impact of the trade war between the U.S. and China “a rounding error,” compared with either country’s economic output. “My point is that it’s much less disruptive than these headlines would suggest,” Navarro told CNBC. “It’s also much more constructive as we …
Farm Bureau Response to Navarro’s ‘Rounding Error’ Statement
The following statement may be attributed to American Farm Bureau Federation President Zippy Duvall: “White House trade advisor Peter Navarro’s recent comments that the damage this trade war is doing to certain sectors of the U.S. economy, of which we all know includes agriculture, is little more than a ‘rounding error’ are out of touch with the pain our farmers …