Bloomberg Talks

Peter Navarro Talks Trade, Tariff Vote

Feb 12, 2026
Peter Navarro, senior counselor on trade and manufacturing and former White House trade adviser, defends tariff-driven trade shifts. He discusses reevaluating USMCA, concerns about tariff avoidance via Mexico and Canada, and calls for country-specific tariffs. He also critiques the House vote on Canada levies and links tariffs to jobs, inflation, and electoral strategy.
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INSIGHT

Tariffs As Structural Correction

  • Navarro argues Trump's tariffs are a structural shift to fix chronic trade imbalances.
  • He links past WTO rules and NAFTA/China accession to factory losses and job offshoring.
ADVICE

Reevaluate USMCA In July

  • Navarro says USMCA has significant flaws and will be reevaluated in July.
  • He advises waiting for the president and U.S. trade representative to lead adjustments before acting.
INSIGHT

NAFTA/USMCA Used For Tariff Avoidance

  • Navarro warns Mexico and Canada act as staging areas for tariff avoidance and evasion.
  • He says this leverage undermines US market protections and will be addressed.
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