Peter Navarro comments on China backing Biden, coronavirus pandemic
White House trade adviser Peter Navarro joins ‘Sunday Morning Futures’ to discuss China’s support of former vice president Joe Biden and U.S. needing to bring manufacturing back.
The U.S. lost 5 million manufacturing jobs between 2000 and 2014, and White House trade adviser Peter Navarro blamed the hemorrhaging numbers on Democratic presidential nominee Joe Biden's China policy on Sunday.
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A Biden victory would mean "devastation in the Midwest, our blue-collar workers just getting hammered," Navarro told "Sunday Morning Futures."
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"We lost over 70,000 factories, over 5 million manufacturing jobs, and it was because Joe Biden likes made in China," Navarro said. "Donald Trump came along. … He said, 'Hey, that's not good. That's not right. I'm going to fix that.' And so what President Trump has been carefully doing is putting in place a wide range of policies, whether it's lowering the corporate income tax to bring investment on-shore, steel and aluminum tariffs, or buy American."
The U.S. lost 5 million manufacturing jobs between January 2000 and December 2014 because of "growing trade deficits in manufacturing products prior to the Great Recession and then the massive output collapse during the Great Recession," according to a 2015 report from the Economic Policy Institute.