White House Director of Trade and Manufacturing Policy Peter Navarro talks about USMCA
The United States, Mexico and Canada have negotiated a new trade agreement that would replace NAFTA. I spoke with the White House Director of the Office of Trade and Manufacturing Policy, Peter Navarro to make sense of it all. Here’s what Peter told me:
NAVARRO: The really big deal here for me is, as the Director of the Office of Trade Manufacturing Policy is what it's going to do to North America in terms of turning it back into the world's manufacturing powerhouse.
It’s going to be a great thing because NAFTA, basically turned North America into assembly operations. It used to be before NAFTA, the United States of America was the leader in the automobile industry. It manufactured cars and made the parts, the engines, the transmissions that went into the cars. What happened with NAFTA is both Mexico and the U.S. became assembly operations for parts imported from Asia, from Europe, and other.
So that's really important. And then there's some nice things for agriculture in there as well. Dairy. Canada has been having some high protectionist barriers for dairy. Things like chicken, eggs. All good market accesses. Biggest deal, Boris, biggest deal in U.S. history is $1.2 trillion in trade a year and promises made promises kept for this president.
Here’s the bottom line: the USMCA if passed by Congress, is going to bring trade in North America into the 21st century. This new trade deal would greatly benefit car manufacturers and dairy farmers in America among many others. Let’s hope that once it’s in front of them, Congress acts quickly to pass this new and fair trade deal.
EDITOR'S NOTE: Boris Epshteyn formerly served as a Senior Advisor to the Trump Campaign and served in the White House as Special Assistant to The President and Assistant Communications Director for Surrogate Operations