(Just The News)—Despite helping to broker a number of historic peace agreements in the past six months alone, President Donald Trump has not secured a Nobel Peace Prize, but White House advisor Peter Navarro has suggested he ought to instead win a Nobel Prize in economics for his trade deals.
“We’re going to have fair deals. And everything he’s doing has defied the critics. The tariffs have been tax cuts rather than inflation,” Navarro told Fox Business. “I’m thinking that since he’s basically taught the world trade economics, he might be up for the Nobel on economics because this is a fundamental restructuring of the international trade environment in a way where the biggest market in the world has said, you’re not going to cheat us anymore.”
Navarro’s suggestion came as Trump announced a 90-day extension of key tariffs on Mexico to allow for negotiations to continue. He recently negotiated trade deals with South Korea, Japan, the European Union, the United Kingdom, Vietnam, and the Philippines.
Trump’s embrace of tariffs in his first term defied GOP orthodoxies and his “Liberation Day” tariffs have turned the trade world on its head. But, so far, predictions of market catastrophes have not come to pass and he appears poised to reinvent the world of global trade.
