POTUS Adviser Peter Navarro: Under-mining strategic minerals Peter Navarro: ‘Under-mining’ strategic mineral security
Indeed, prior administration’s failures to combat China’s economic aggression created a strategic risk in the productions and availability of rare earth elements: “China’s domination of the rare earth element market … illustrates the potentially dangerous interaction between Chinese economic aggression guided by its strategic industrial policies and vulnerabilities and gaps in America’s manufacturing and defense industrial base. China has strategically flooded the global market with rare earths at subsidized prices, driven out competitors and deterred new market entrants. When China needs to flex its soft power muscles by embargoing rare earths, it does not hesitate.”
We must not allow this aggressive behavior by the Chinese to cause the same risks to strategic or indispensable materials.
Either we take steps to ensure that America is able to identify, develop, and utilize its numerous natural resources, including strategic materials such as copper, molybdenum and silver, or we cede control of our national defense and economic security to unstable countries or strategic adversaries.
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Dr. Peter Navarro received his Ph.D. in economics from Harvard University and is a professor emeritus of economics and public policy at the University of California, Irvine. He was an economic and trade adviser for President Donald Trump during the 2016 Presidential campaign and joined the White House staff on Inauguration Day.
At the White House, Dr. Navarro is the Director of the Office of Trade and Manufacturing Policy (OTMP), an office established by Trump to defend and serve American workers and domestic manufacturers. In his role as Director of OTMP, Dr. Navarro advises the President on policies to increase economic growth, decrease the trade deficit, and strengthen Americas’ manufacturing and defense industrial bases. Dr. Navarro has helped to reform the conventional arms transfer and uncrewed aerial systems policies of the United States and to expand foreign military sales to our Nation’s partners and allies.
Prior to his appointment, Dr. Navarro appeared regularly as a financial market analyst and China expert in such media outlets as CNBC, Fox Business, the BBC, CNN, MSNBC, and the CBS News, including “60 Minutes.” He is the author of numerous books on economics, financial market analysis, and macroeconomics, including “Death by China,” “Seeds of Destruction,” “Always a Winner,” “The Coming China Wars.” “If It’s Raining in Brazil, Buy Starbucks,” and “The Well-Timed Strategy.”
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