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Title: Civil war over trade 'breaks out' within the White House
Source: The Daily Mail
URL Source: http://www.dailymail.co.uk/news/art ... -breaks-White-House-trade.html
Published: Mar 12, 2017
Author: Karen Ruiz
Post Date: 2017-03-12 09:35:52 by Willie Green
Keywords: None
Views: 606
Comments: 3

  • A rift within the Trump administration broke out during a recent trade meeting
  • The dispute erupted over differences between a group of economic nationalists and a team of pro-trade officials from Wall Street
  • Sources said trade adviser Peter Navarro has become increasingly sidelined 
  • Former Goldman-Sachs executive Gary Cohn has been reportedly overpowering the adviser 

A civil war over trade has broken out within the White House after a contentious meeting in the Oval Office between economic nationalists and pro-trade leaders from Wall Street, reports said.

The dispute resulted from differences between a group including senior adviser Steve Bannon and trade adviser Peter Navarro, and a 'faction' led by Trump's National Economic Council leader and former president of Goldman Sachs Gary Cohn, the Financial Times reported.

The rift reportedly intensified after President Trump sided with the economic nationalists, including Bannon and Navarro, during a recent meeting after officials said Navarro had been losing influence.

Bannon and Navarro's stance on trade supports the idea of domestic control of the economy including protectionist barriers and tariffs on imports to the US. 

However, Cohn's pro-trade agenda is in favor of globalization.  

According to the report, unnamed sources claim the trade adviser has become increasingly sidelined within Trump's team. 

The battle between the two groups comes ahead of German Chancellor Angela Merkel's visit to the White House next week.

Navarro has openly criticized and angered Germany and European allies for accusing leaders of exploiting the 'undervalued' euro.

The White House decline to answer questions about the meeting to the Financial Times. 

'Gary Cohn and Peter Navarro are both valued members of the president’s economic team. They are working together to enact the president's economic agenda, protect American workers and grow American businesses,' a White House spokesperson told the paper in a statement. 

Navarro was also said to be losing traction after Republican leaders in Congress were reportedly angered by his lack of preparation during a closed-door trade meeting with Senators last month.

Andew Quinn's recent appointment as the National Economic Council's 'special assistant' has eased international leaders' concerns about Trumps raising tariffs, according the FT. Critics of the economic nationalist policy believe imposed tariffs would cause a international trade war.

Foreign leaders have reportedly been dealing with Cohn about matters as opposed to working Navarro. Officials even speak to directly to the NEC leader about the renegotiation of NAFTA, the report said.

AFL-CIO (American Federation of Labor and Congress of Industrial Organizations) trade official Thea Lea told the Financial Times it seems like the 'Wall Street wing of the Trump administration is winning this battle.'

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#1. To: Willie Green (#0)

The article is incoherent. The key line in it is that the battle "intensified" when Trump "sided" with the economic nationalists.

Trump doesn't have a "side". He is the king of this court. There are two factions with different opinions. They argue before the king. HE decides. He isn't a prisoner of some faction. BOTH factions work for him.

Trump ran as an economic nationalist, and will govern as an economic nationalist because he IS an economic nationalist. Wall Street hates that. The article ends by suggesting that the Wall Street faction is winning. Incoherent.

Trump sides with the economic nationalists, so Wall Street is winning? Here, let me help: Wall Street favors globalization. If the economic nationalists are winning, that means that Wall Street is losing.

Vicomte13  posted on  2017-03-12   10:30:38 ET  Reply   Trace   Private Reply  

#2. To: Vicomte13 (#1)

Trump ran as an economic nationalist, and will govern as an economic nationalist because he IS an economic nationalist. Wall Street hates that.

Wall Street hates that because they are ALL traitors to America,who want a global government so they can make money all over the world.

With Wall Street,it's all about "Me,ME,ME,DAMMIT!" They flat don't give a damn about anyone else. Their goal is to eliminate nations so there are open markets to exploit with no restrictions.



Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012)

American Indians had open borders. Look at how well that worked out for them.

sneakypete  posted on  2017-03-12   10:56:31 ET  Reply   Trace   Private Reply  

#3. To: Willie Green (#0)

If there is even a whiff of an alternate, opposing view in the White House the MSM is all over it, calling it a civil war and that the administration is in chaos.

Did it ever occur to them that Trump doesn't surround himself with yes- men and that he wants to hear all sides of an issue before he makes a decision?

Needless to say, once that decision has been made Trump expects everyone to get on board.

misterwhite  posted on  2017-03-12   11:27:44 ET  Reply   Trace   Private Reply  

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