Trump Aide Shrugs Off “Nothing Burger” Trade War

The Hill reports:

White House trade adviser Peter Navarro on Monday dismissed concerns that President Trump’s proposed tariffs on steel and aluminum imports will lead to a spike in inflation or larger economic issues.

“I think if you’re an investor right now at this point in time trying to look at the chess board here, it’s really important to understand that the impact of these tariffs from a macroeconomic point of view are zero,” Navarro said on Fox Business Network’s “Varney & Co.”

“The impact on the inflation rate are just close to zero. It’s like a nothing burger,” he added.

  • bkmn

    One of those nothing burgers that leaves a really bad taste?

  • Lazycrockett

    Ross and Navarro are the only ones who are pushing for this economic collapse.

  • Strepsi

    1) Canada exports over 80% of our aluminum and steel to the U.S. Also, Canada is the #1 trading partner of 30 states. Nothingburger my ass.

    2) Of course his quote is “I think if you’re an investor right now”…. well there are MORE citizens in the U.S. than just investors (though they’re the only ones the GOP cares about)

    3) Who the hell coined that stupid phrase “nothingburger” and why does the GOP love it?

    • Who the hell coined that stupid phrase “nothingburger”…

      Here you go: https://www.sfgate.com/politics/article/Where-did-the-term-nothing-burger-actually-11283897.php

    • Jean-Marc in Canada

      Thing is, we’re not just going to sit and take it this time. The government has been aggressively looking outside of N.A. for new trading partners. The EUFTA was ratified, India and China are showing a lot of interest and many South American nations including Argentina, Brazil and Peru are looking north of the 49th for new commodities and resource trade. To be sure, the U.S. will always be a trade partner, but as Trump’s Murika becomes more isolationist while sane Americans cringe, Canada is looking outward to expand. As you say Strepsi, Nothingburger my ass.

    • 🐾vorpal🐾

      Another GOPper trying to be “cool”, like with that wondrously informative… errr… “rap” video put out by Utah last week.

      • Gerry Fisher

        The concept of that was so painful that I didn’t even attempt to watch any of it.

    • Raising_Rlyeh

      Trump is now basically saying he’ll not impose sanctions if Canada/Mexico bend over and do whatever he wants in reference to NAFTA.

      • Jean-Marc in Canada

        And both Canada and Mexico are saying FUCK YOU to Trump. That’s gotta be burning his ass something fierce.

    • TrollopeReader

      perhaps it comes from the Mondale / Reagan campaign, where Mondale asked “where’s the beef” ? (an off-take, I think of a Wendy’s commercial)

    • gaymex1

      Aren’t many of us entangled in the stock market/bond market in one way or another, whether we like it or not or whether it’s as active participants–up or down, we just sort of ride along? Pension funds, IRA accounts, etc.
      I don’t consider myself an active member of the investor class, but I don’t see how one can escape some connection if you have any thoughts of retiring and being able to eat, or just having a roof over your head.
      I agree with your sentiments that it’s basically a corrupt system which favors those who already have money, but not every investor is greedy. Personally, I just want my hubby and I to get by with as little pain as possible and to have a little pleasure in what remains of our lifetimes.

    • Gerry Fisher

      It’s more pandering to Joe and Jane Q. American. You know, it’s a nothing burger for Joe six-pack.

    • Richard

      You have to remember he was speaking to a Faux audience, the feed’em BS and they’ll lap it up crowd….. Can you hear the slurping?

  • Kruhn

    Sure, because you’re probably leveraged out and inflation makes paying back loans easier, Pete. Steel and aluminum are used in virtually every sector of the economy. If you don’t think it’ll fuel inflation, you earned your economics degree at Trump University.

  • safari

    Then why is Donald backing off of it today?
    https://twitter.com/realDonaldTrump/status/970626966004162560

    • Lazycrockett

      This idiot doesn’t understand that Mexico and Canada overall will be just dandy if they walk from NAFTA. The US though is screwed.

      • Jean-Marc in Canada

        And again I state: if the U.S. walks away from NAFTA, so too does it walk away from preferential access to fresh water (something the U.S. sorely needs), natural gas, steel, aluminium, crop resources, ores, precious and rare minerals, etc. All of those things will suddenly cost a whole lot more and will be sold, not to the U.S. via preferred access of NAFTA, but to whomever will pay. If the U.S. does pay market price, that cost will be passed on the consumer. But hey, he’s a “brilliant businessman and stable genius” right? smh.

        • Strepsi

          I am SO hoping we get our water off the table as a public commons in Canada, or a basic right, but definitely not a resource.

          • Jean-Marc in Canada

            Agreed. I’ve opposed water access for quite some time now. That’s why many of us oppose the Nestley deal done under Harper.

        • Uncle Mark

          Mexico is already looking to South America, instead of the US, where agricultural trade is concerned

          • gaymex1

            Yep. Folks are not happy here. The U.S. is a big market, but it’s not the only market.

    • billbear1961

      Do not tell us what we MUST, NAZI–YOUR “subjects,” once a free people, may cringe and refuse to stand up to you, even shamefully allowing you to do NOTHING to protect your coming elections from a hostile foreign power, but you may find the REST of the world LESS compliant.

      • Uncle Mark

        The shitgibbon is no different from any other tyrant. He’d be just ducky if the US was isolated from the rest of the world, as the country turned to shit. He only cares about being the king of this mountain, even if he’s reduced it to a mountain of crap.

    • Jean-Marc in Canada
      • billbear1961

        Put the SCREWS to the Defiler!

        • Jean-Marc in Canada

          Always. What Murikans don’t understand is, we aren’t afraid nor will we be bullied and they can’t stand that. I can only hope America gets control again because as noted to someone on twitter earlier, the damage Trump is doing is dangerously close to becoming irreparable.

          • billbear1961

            Even if they get the House, perhaps even the Senate, back, and the WH in 2020–and, mind you, their elections are NOT secure, and nothing is being done to MAKE them secure–the crisis WILL continue until they tell the GOP they will NOT, as a people, recognize the authority of a FASCIST party–one out to subvert the rule of law in order to create a banana republic–in what’s supposed to be a GENUINE democracy.

            This government is refusing to protect their elections from a hostile foreign power–it is BETRAYING them and their democracy, UTTERLY–violating its oath of allegiance to the Constitution!!–yet STILL Americans bow down to the authority of these gangsters–STILL, they REFUSE to protest, even to demand SECURE elections!

            I don’t understand them, anymore, JM–Americans are a shameless people who will FIGHT for NOTHING!

          • gaymex1

            “Americans are a shameless people who will FIGHT for NOTHING!” Really?

          • Strepsi

            Well, MOST of us won’t be bullied by American government… Harper conservatives are already pulling on their knee-pads to start fellating…

    • Stephen Elliot Phillips

      Remember all the clinton haters (mostly trolls) talking about how nafta destroyed our economy?

    • gaymex1

      Because he is a total fucking idiot who doesn’t have a clue about what’s going on.

  • Lazycrockett
  • AtticusP

    We seem to be living in a world that is even more bizarre than the HBO series “Veep”.

    Trump makes Selena Meyer look like FDR.

  • Leo
  • clay

    So, he’s dismissing the impact on the other participants in the economy, only the investors matter to him?

    • Dreaming Vertebrate

      Bingo!

    • Stev84

      These idiots are so detached from reality that they aren’t even aware of how normal people live

    • TrollopeReader

      Larry Cramer (ugh!) was saying the other day on msnbc that the Fortune 100 ceos are seeing a big change — the employees viewpoint matters a lot these days — to the detriment of old stogie board members, who are being passed by ….

  • zhera

    “if you’re an investor”

    And if you’re not an investor, but perhaps a Walmart employee who needs to buy a new car? How about then, Navarro? It’s not the rich people who pay the price for Donnie’s tantrums, it’s everyone else.

    • Friday

      It’s not just ‘a new car,’ it’s a good chunk of most things people buy and the containers they even come in. Not to mention what people do for a *living.*

  • Max_1
    • Dreaming Vertebrate

      Has he managed to kick out Trump’s virtual army of thugs and goons?
      Or are they still occupying the server room?

    • Gustav2

      English translation:

      In my old neighbourhood I had a friend
      who knew and played the accordion
      when he sang, he was like the sun
      fires in his hands were ignited by the accordion

      But at one dark night, like every other night
      he kept look-outs, playing the accordion
      fascist vans stood next to the pen
      and a gunfire stopped the accordion

      The already started watchword always comes back to me
      whenever I hear the accordion since then
      and it has, like a stamp, marked my life
      ‘fascism will not prevail!’

      • billbear1961

        Bravo!

        • TrollopeReader

          BillBear!!

          • billbear1961

            TR!

            XO

          • TrollopeReader

            Bear hugs!!

      • gaymex1

        Thanks for that.

    • Lazycrockett

      Watch him try to send troops into Panama.

  • Max_1
    • Treant

      Felony…and Ivory…live together in perfect…larceny…

    • billbear1961

      And no one does a THING about it, about the galloping, unparalleled CORRUPTION of this illegitimate regime!

    • Joe in PA

      He can call for SEC and DOJ…fat lot of good it seems to do. When I went looking to see how the SEC and DOJ are related…I found this from 2012. Bwahahaha, as if:

      The Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC) today released A Resource Guide to the U.S. Foreign Corrupt Practices Act (the Guide). The 120-page Guide provides a detailed analysis of the U.S. Foreign Corrupt Practices Act (FCPA) and closely examines the DOJ and SEC’s approach to FCPA enforcement.

  • Lazycrockett
    • TrollopeReader

      federally sanctioned thugs.

    • billbear1961

      This country is EVIL.

    • Joe in PA

      And that’s just the one we know about. Lots more of these situations. Fucking awful.

  • Max_1
  • Tempus Fuggit

    Uhuhuhuhuh…nothing burger…huhuhuhuh…I’m all clever and witty and hep and edgy and stuff.

  • Treant

    OK. So if the economic impact of a trade war is zero, then why are you having one? Trade wars are, by definition, supposed to cause economic unease and problems on at least one side of the supply line.

  • BJORN RAGNVALDR
  • Elsewhere1010

    Wonder how many points the market will drop after this little chef d’oeuvre.

    • Treant

      So far it’s rising very slowly.

  • Ninja0980

    Of course he is, because he isn’t the one going to be affected by one, it’s the middle class and poor who will feel the pain.

  • safari
  • Rex

    I’m sick of all these old white men.
    And, I can say that since I’m an old white man.

    • Mikey

      yeah, but you’re cute. you’re allowed.

    • Hue-Man

      Our parents and grandparents invested and created the infrastructure that we Boomers took for granted. Today’s young people are going to have to pay for our failure to invest in sewers, roads, water, bridges plus the huge federal debts we ran up while enjoying life.

    • jimbo65

      I hate that these old white men have the power to fuck up our lives with no consequences to themselves.

    • Todd20036

      I’m about to turn 50. Am I old yet?

      • whollyfool

        Nope. 🙂

      • Uncle Mark

        I like to say “old enough to know better, but young enough to do it anyway.”

      • Rex

        Honey, you’re gay old at 30.

        • FancyThat

          2018 revision update: 27.

  • coram nobis

    As of 10 minutes ago, Paul Ryan seems to disagree.

    https://www.nytimes.com/2018/03/05/us/politics/trump-trade-tariffs-nafta.html

    Nice to see him squirm publicly.

    • safari

      Donald is affecting the Koch’s bottom line.

    • CB

      Knew someone would beat me to that. Was glad to see.

  • ‘Til Tuesday

    Everyone from beverage manufacturers to appliance manufacturers to car manufacturers are saying that the steel and aluminum tariffs are going to drive their prices up. That’s American companies employing American workers. Maybe it’s a coincidence, but Volkswagen of America where I live announced an idling of the plant for 7 days right after the tariff on steel was announced. And all those price increases in consumer goods (beverages, appliances, cars, etc.) are what eventually drives inflation. “Nothing burger” my ass.

  • BJORN RAGNVALDR

    If I’ve not declared it properly before:

    I FUCKING HATE THE TERM ‘NOTHING BURGER’!!!!

    • CB

      It’s a term coined by Helen Gurley Brown from the 1960s. It was meant to convey a mousy, undersexed woman. Always makes these guys seem so awful when they call use it.

  • Lazycrockett
  • Snarky

    So, the only concern this scumbag has is for INVESTORS. His concern is THE INFLATION RATE.

    Come on, Dems. Get off your ass and tell white men that this tax is going to raise the price of their beer. Blanket the airwaves with ads showing that Trump’s plan will make a fucking Bud Light more expensive. Do it. DOOOO ITTTTTT.

  • boatboy_srq

    It may not matter to “investors,” but it sure as shooting will matter to the average tRumpet.

  • JWC

    I strenuously object to this idiots comments First off the bulk of Americas steel and aluminum do NOT come from China but that other “C” country Canada Trump is currently trying his damnedest to destroy NAFTA a trade alliance between Canada the US and Mexico His biggest hurdles with Canada have been soft wood lumber and dairy His negotiators are stalled . Donny has pulled a hostage routine of 10 and 25% on imports Yes he sees it as breaking Canada’s will but he does see that your can of Coke goes up 4 cents or you Chevy now costs you $1300 more because of tariffs Oh yes the investors win. No one else does . OK I have put my soap box away

  • justmeeeee

    Economics 101, ya fucking moron!

  • Makoto

    Is this one of those “well, if you look at the long term, the sun will eventually turn into a red giant, so why worry about climate change” kind of long term views?

    • Jefe5084

      yes He’s almost dead, so doesn’t care what happens.

  • Although the Smoot-Hawley tariffs did not in and of themselves bring on the Great Depression—the collapse of the speculative bubble, followed by bank collapses did that—the protectionism impulse made things worse by greatly damaging international commerce. Rubbing salt in the gaping economic wounds, so to speak.

    (The situation also arguably led to the radicalization of post ‘Great War’ Germany because they had no means to pay off their reparations debts.)

    The one detail about this BS being pushed by the Trump administration is their insistence nobody will retaliate against their belligerent and punitive actions. Retaliation is guaranteed. Any government that didn’t respond to Donald’s aggression would soon find itself replaced by a government which would.

  • Devon Rodriguez

    TRUTH:

    Trump launched a global trade war in order to rescue a single western Pennsylvania Congressional seat — and now it looks like a Marine Democrat will make it all for nought.

  • Halou

    If they have zero impact why were they implemented? Also I didn’t know that diplomatic and trade relations with Europe amounted to ‘nothing’.

    Got to get along well with Russia?

  • dcurlee

    Well if it’s a nothingburger then why did Trumps friend sell off $32 mil right before Trump made the announcement

  • Friday

    Yeah, yeah, ‘to investors’ it’s just more shuffling around of other people’s lives and fortunes and screwing over the workers and the real economy is ‘nothing.’ Riiiight.

  • Uncle Mark

    Gee, won’t this tariff on steel raise the price on US guns & ammo? Where’s the NRA’s outrage?

  • Halou

    If only Trump did have ‘nothing burgers’ then maybe he really would weigh 239 pounds.

    • Gianni

      Good point. 🙂

  • Henry Auvil

    I DEMAND that the phrase “nothing burger” be banned from public discourse IMMEDIATELY! Things are bad enough without this travesty.

    • Gianni

      Would be nice to get rid of that annoying phrase and also ‘Fake News’.

  • And of course he’s looking at it from the standpoint of investors. Because, after all, those are the only people who matter.

  • David Walker

    “I think if you’re an investor right now at this point in time trying to look at the chess board here, it’s really important to understand that the impact of these tariffs from a macroeconomic point of view are zero.” And at the end of the day what’s really on top of the heap around the boardroom table is how many cliches you can load into an otherwise meaningless sentence to prop it and impress the hell under the undergrads and to make everyone else wonder, “What the fuck did he just say?”

  • Puck

    Navarro? That sounds like a name that trump would send back to Mexico. He might not want trump to know his name. Unless he has enough money to keep trump’s ICE death squads at bay, I would keep quiet.