Trump Adviser Admits That The Trade War Has Ended In Failure

One of Donald Trump's top officials and advisers on trade - Peter Navarro - has finally admitted that Trump's trade policy and discussions with China have been a failure and that they have now fallen apart. This is a massive problem for Donald Trump as we head into November's election, and if Democrats are smart, they will use this as a way to turn voters away from Trump. Ring of Fire's Farron Cousins explains what's happening.

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

I know it's easy to forget right now with so much going on, even just here in the United States. But we also have to remember that, uh, we are still in the middle of a trade war that the president started for no real apparent reason. Uh, so that's still a thing that's going on. It's still a thing that's ravaging the economy. In addition to the pandemic, uh, we have seen record breaking numbers of farmers here in the United States have to declare bankruptcy, you know, generations of farming families put out of business because of Donald Trump's actions. So what's going on with all that, right? I mean, last we heard, he was in talks with China. Things were going well, you know, they had like a three step plan or something. They were already into step one of it. So what's what's going on. Well, according to a Trump advisor and one of his top trade advisors, Peter Navarro. Yeah. It's all done. It all fell apart. Every bit of it was an absolute failure. We're back to square one. So Trump, the master negotiator, the guy who said, we can do this, we'll do it. Great. We'll put the pressure on them. They're getting hurt so bad. They're getting spanked by the sanctions or excuse me, trade Wars. Uh, yeah, the tariffs are killing them over there. We're doing great. They're going to cave any minute. Now everything's falling apart and we're back to zero.

That is what Peter Navarro said in the Fox news interview earlier today or this week, excuse me. Um, here's the exact quote it's over.

It's over just two words. It's over. That is what the question was. Um, given everything that's happened and all the things that you just listed is that over. And that's talking about the trade deal with China it's over. So there is no relief in sight for the Americans who have been harmed by Donald Trump's trade war.

You know, the farmers, the manufacturers, the factory workers, all of the people throughout this country who have been personally impacted by Donald Trump's decision to launch this ill-advised trade war with China. It's over much like a Bush with Iraq. There's no exit strategy here. There's not even a really clear goal here is there folks, if you were to ask the random person on the street right now, the average American voter, what's the goal of Donald Trump's trade war? What is he attempting to do here? Why did we get into the trade war? Ask them any of those questions. They're not going to know the answers because there are no clear answers. The president has never fully explained why this needed to happen. He said, Oh, we're getting raked over the coals. Okay. They're taking advantage of us. He said, okay, but how, in what way?

How can you articulate that in a way that makes any of this appear to be worth it? You can't, and this especially hurts the president as we head into November. Cause not only does he have his ridiculous response to the pandemic, working against him, his pathetic and disgusting responses to the civil unrest in this country working against them. But now he can't even go to the polls or to the voters and say, listen, I worked at that trade deal. I told you I would. But instead we're more than two years into these trade Wars, the ravaging, the U S economy. And there's no end in sight now because all of the talks have fallen through.