The way the textbook works is you have gains from trade that should be distributed across all the trading partners. As soon as one bad actor like China massively cheats, they win at the expense of us; they win at the expense of Europe, and over time, it threatens the entire integrity of the global financial system and the global trading system.

More Quotes by Peter Navarro

The biggest single thing China needs to do is build an emergent middle class and domestic consumption, and the best way to do that is through pension and health-care reform, and currency reform to establish purchasing power among its citizens.

Would you rather have cheap, subsidized - illegally subsidized - goods dumped into the Wal-Mart and not have a job and not have your wages go up in 15 years, or would you like to pay a little bit more - not much - a little bit more, have a job, and have your wages going up? I think the American people are going to make that choice.

The defining moment in American economic history is when Bill Clinton lobbied to get China into the World Trade Organization. It was the worst political and economic mistake in American history in the last 100 years.

If you've been to China, you know there are over 100 cities in China, and the pollution levels are just horrific - 60,000 people a year die in Chinese factories and facilities because they don't have any safety regulations. It's a carnage; it's Dickensian.

Donald Trump is not a protectionist. If he imposes tariffs on China or any other country that cheats, all he wants to do is defend America against unfair trade practices.

It does the American economy no long-term good to only keep the big box factories where we are now assembling 'American' products that are composed primarily of foreign components. We need to manufacture those components in a robust domestic supply chain that will spur job and wage growth.

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