Trump Economist Peter Navarro on China – Americans Salute The American Flag Not “The Goldman Sachs Flag” (Video)

Tuesday, August 6, 2019
By Paul Martin

by Joe Hoft
August 6, 2019

Trump economist Peter Navarro was on Lou Dobbs Tonight on Monday and he explained how the US is doing fine in its trade negotiations with China.

The GDP is up, unemployment is at record lows and the US has not been negatively impacted in spite of a bogus chart prepared by Goldman Sachs that attempts to portray the opposite.

Lou Dobbs last night showed a chart prepared by Goldman Sachs that attempted to show that the tariffs that the US imposed on China’s goods were causing inflation.

The Goldman Sachs chart is bogus. What Goldman does not show is the significance of the lines in the charts. Costs of goods are down across the board and inflation is the same or lower than last year – since the tariffs were added to China’s goods. The fact is the goods imported by China are an immaterial amount as noted below from our post in May.

Navarro said this about Goldman Sachs:

“They [Goldman] make a lot of money offshoring our jobs, Lou. But people in Ohio, Michigan, Pennsylvania, and Wisconsin, they don’t much care for Goldman Sachs. They don’t salute the Goldman Sachs flag I can assure you. They salute the American flag and they support Donald J. Trump!”

The Rest…HERE

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