What does the appointment of Peter Navarro to the position of trade advisor mean for the economy?


Former White House National Trade Council Director Peter Navarro speaks at the 11th Hour Family Leaders Meeting with Republican presidential nominee, former U.S. President Donald Trump, at the Concord Convention Center in Concord, North Carolina on October 21, 2024.

Win McNamee/Getty Images

What you need to know

  • Peter Navarro, a former trade adviser to Donald Trump and his predecessors in the White House, has been named as a key advisor.
  • Trump praised Navarro’s work in tariffs and on trade policy. It is possible that Navarro will be tapped to help implement Trump’s sweeping policies.
  • Navarro will join Treasury Secretary nominee Scott Bessnet, and Commerce Secretary nominee Howard Lutnick in the role of a Trump economic advisor.

Donald Trump, the president-elect of the United States, has appointed a former trade adviser to a key post. This could be a sign that he is preparing for an aggressive implementation his tariff proposal.

Trump appointed Peter Navarro as his Senior Counselor for Trade and Manufacturing, citing his success as director of the White House National Trade Council during Trump’s first administration. 

“During my First Term, few were more effective or tenacious than Peter in enforcing my two sacred rules, Buy American, Hire American,” Trump stated in a Truth Social post.

The appointment came as Trump campaigned to enact steep tariffs and, after his election, promised to move early to raise tariffs on Mexico, Canada, and China. Navarro argues that China has been a major problem for the United States. “waging an economic war” Through its trade policy.

Navarro joins other economic key appointments of the President-elect including Scott Bessnet as Treasury Secretary, and Howard Lutnick as Commerce Secretary.

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leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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