Page 13 - Peter Navaro News Today : Breaking News, Live Updates & Top Stories | Vimarsana

U.s.-china trade deal has for now at least collapsed. before trump's latest tariff hikes on may 10th, the two sides were reportedly close a deal. but a major sticking point was intellectual property. i.p. is one of trump's top concerns. he fumes that chinese counterfeiting and other forms of intellectual property theft cost the u.s. $300 billion a year. now i.p. theft is as old as capitalism itself. for instance, in the mid 1800ss an undercover scottish monopolist stole trade secrets on behalf of the british company. today it is china that is steeling i.p. from the -- stealing i.p. from the we...

Game here for many of the day yesterday trying to figure out did the president of the united states know when he was sitting down with xi jinping that there was an extradition order for this high profile executive and is this some sort of a political tool in its trade war? >> generally speaking, the judiciary operates separate from the state department. however, we know this president likes to get involved with the justice department. this is what beijing is trying to figure out. here is peter navaro speaking last night. >> the president was unaware of it going into that dinner, as

Divided into dtwo camps. you the nec director on one side who want the president to compromise with china. on the other side you have peter from the white house trade office. not only does he not want him to compromise he wants them to go suffer on the tariffs. guess who will be sitting there? peter navaro. they won't predict what will happen because it is a president that will change his mind on a moment's notice. watch for him trying to say that he has a win here or he has secured another step in some game that he is playing with the trade war with china. >> all right. very good point. there...

Taxes just a harley excuse. be patient. #make america great again and here's how the white house national trade d peter navaro explained it. >> you'll see stories pop up like this in order to sway public opinion one way or another. we want harveys made here. more made here and that's going to happen under the president's trade policies. >> then why is harley moving? >> because they're trying to maximize profitability. that's what they have to do. they must do that. if a ceo says i'm going to put my loyalty to presidential policy above my return to shareholders, that's not how they're run. harl...

Cnbc joins me now to break it all down. until yesterday as you know, the tech industry seems to avoid volatility what is going on now. >> yeah, stocks are staging a come back after it goes down over 300 points. that was the worst daily performance yesterday since late may and it is on the escalating trade concerns. trade representative peter navaro telling cnbc that the market is overreacting to the fears that the administration would restrict foreign investment as part of its trade actions against china and other country which is is differ from what we heard from treasury secretary. so mixed ...