1/25/17, "Trump's point man on trade: 'We envision a more Germany-style economy'," CNBC, Matthew J. Belvedere
"The administration of President Donald Trump wants manufacturing jobs to make up about a fifth of the American
workforce, said Peter Navarro, tapped by Trump to lead the newly created
National Trade Council.
Navarro told CNBC's "Squawk Box"
on Wednesday that part of his job at the National Trade Council is
matching the needs of industry with the skills of U.S. workers.
"We envision a more
Germany-style economy, where 20 percent of our workforce is in
manufacturing," he said. "And we're not talking about banging tin in the
"We're talking about high technology
across the board, whether it's computer chips or cars or anything in
between," said Navarro, a Trump campaign policy advisor and formerly a
business professor at the University of California, Irvine.
President Trump's executive order this week to abandon the
Trans-Pacific Partnership and his stated intent to renegotiate NAFTA are
moves away from many-nation free trade agreements, said Navarro.
"Multilaterals, you get
hundreds of people and thousands of lobbyists and lawyers. It takes
years and years and years," he contended.
on "Squawk Box," Bill Daley, former Commerce secretary under Bill
Clinton, said an exit from the TPP without engaging Asian trading
partners would leave the door open for China.
Navarro rejected that notion,
saying Trump wants to pursue what he considers more nimble bilateral
trade agreements. "I strongly agree that bilaterals can occur much more
quickly, because basically, it's just a few people in a room talking
about what needs to be done."
"As we're negotiating with one
country here, we're going to be negotiating with one country here, and
another country here," Navarro said."