• melsaskca
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    2 days ago

    It’s never a big deal for those who have more than they need.

  • tal@lemmy.today
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    2 days ago

    Navarro says stock plunge is ‘no big deal’

    I’ve mostly ignored him, but earlier this week, I skimmed two past interviews with him, and based on what I saw there, that’s kind of what I’d expect from him.

    https://en.wikipedia.org/wiki/Peter_Navarro

    Navarro’s views on trade are significantly outside the mainstream of economic thought, and are widely considered fringe by other economists.[a] A strong proponent of reducing U.S. trade deficits, Navarro is well known for his hardline views on China, describing the country as an existential threat to the United States. He has accused China of unfair trade practices and currency manipulation and called for more confrontational policies towards the country.[6] He has called for increasing the size of the American manufacturing sector, setting high tariffs, and “repatriating global supply chains”. He is also a vocal opponent of free trade agreements.

    • altkey@lemmy.dbzer0.com
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      2 days ago

      So the conductor of american trade policies is another nutjob. No wonder Musk cosplayed as Milei with a chainsaw. They like the feel of cutting trees and never considered they would fall onto them.

  • lydon_feen@lemm.ee
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    2 days ago

    Oh… This is that trade advisor who doesn’t understand how VAT (and other similar sales taxes) work in Europe.

    Such competence.

  • Gordon Calhoun@lemmy.world
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    2 days ago

    Oh, well thank god. And here I was worried the nest egg I’ve worked my whole adult life to build wasn’t crashing because it’s based entirely on the state of the market. Well, it is crashing, but it’s good to know that guy doesn’t think it’s a big deal.