EXCERPT:
NAVARRO: "So this is unfolding exactly like we thought it would in a dominant scenario. What’s going on here is we start with the observation. I don’t think you would disagree with me at all, the world cheats us. They’ve been cheating us for decades. They cheat us with tariffs, higher tariffs. More importantly, they cheat us with the so-called non-tariff barriers and the back taxes and dumping of the currency manipulation and the technical barriers to keep our autos out of Japan and agricultural barriers that keep pork out of Australia. They’re doing that to the tune of $1.2 trillion of wealth a year that we transfer now abroad and $18 trillion wealth since we started running deficits. You know how much $18 trillion that America could buy and that’s the problem we’re grappling with. We have a strategy here where the president says we’re going to charge them what they charge us and the analytical issue is it’s easy to calculate the tariff differential, but the non-tariff barriers are so much higher and that’s what we set knowing full well that a lot of countries would come right to us and want to bargain. We’ve got 90 deals in 90 days possibly pending here and it was par for the course. Actually, it was a burden for President Trump to do exactly what he did which was pause for 90 days and we’ll get this done for the American people."