They’re coming now and saying we want to talk, we’ll lower our tariffs to zero. That’s not the problem. Vietnam is a great example, Laura. They sell us $15 for every one we sell them. Zero tariffs would get us no reduction in the $123 billion deficit we have.
Peter Navarro.
Elon Musk regarding Peter Navarro:
“truly a moron,”
I don't know much, or anything, about Navarro, but his statement set out above is pretty moronic.
For every dollar we send to Vietnam, we get something back. That doesn't obligate them to buy $15.00 worth of stuff from us.
Nothing in a market works that way.
When I go to Albertsons and buy $100.00 worth of groceries I don't go back out to my truck with $100.00 worth of good they buy from me.
That'd be stupid.
This is what's wrong with the Trump Administration. It appears to be a confederacy of extremist and dunces.
