The United States must now separate from China: Peter Navarro
Former business adviser to former President Donald Trump said the United States needs to disassociate itself completely from China in order to get paid to trigger the COVID-19 pandemic around the world.
COVID-19 has infected more than 46 million Americans while killing more than 751,000. Steps taken to slow the spread of the virus have resulted in billions of dollars in economic damage.
“We are at war with Communist China,” said Peter Navarro, former assistant to the president for manufacturing and trade policy and former director of the Bureau of Trade and Manufacturing Policy.
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“They attacked us with a biological weapon,” Navarro added. “They are threatening Taiwan. They have taken Hong Kong. They continue to steal our intellectual property. They are an existential threat to this country, and we must hold them accountable for this violence.”
In order to make China pay, Navarro said the United States should first write off the over $ 1,000 billion debt owed to Beijing. Then it should seize all US real estate assets – both commercial and residential – that belong to members of the Chinese Communist Party.
Navarro spoke to FOX Business a few days after the release of his new book, “In Trump Time: My Journal of America’s Plague Year.”
The book, whose title references Trump’s obsession with getting things done as quickly as possible, chronicles Navarro’s battles with Dr.Anthony Fauci, explains how to make China pay for the economic damage caused by COVID, and examines the 2020 elections and the events of January 6.
Trump and Chinese Vice Premier Liu He signed a first-phase trade deal in January 2020 that included commitments from Beijing to purchase an additional $ 200 billion in US goods over the next two years, to stop stealing property. intellectual property of the United States, to refrain from all currency manipulation and to cooperate in financial services.
Navarro, a key member of Trump’s trade team, said President Biden will not enforce the deal and China will never honor the deal.
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Since signing the trade deal, China has imported $ 198.8 billion worth of U.S. goods, up from $ 319.1 billion that should have been reached by September 2021, according to the Peterson Institute’s trade tracker for International Economics. An analysis of U.S. exports shows $ 172.7 billion in goods shipped to China, up from $ 288.9 billion that was targeted for September 2021.
U.S. Trade Representative Katherine Tai said last month that China would be required to meet its phase one commitments that benefit some industries, but the administration plans to cut tariffs that have not benefited China. ‘America.
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About $ 250 billion of Chinese imports are subject to a 25% tariff, and an additional $ 125 billion of Chinese products are subject to a 7.5% levy.
âThe only thing we have to stand up for American workers, American businesses and the American people right now is the Trump tariffs,â Navarro said. “These tariffs are the last line of defense against the extreme economic aggression of Communist China.”