mexico if they renegotiate nafta. the president treating we have large trade deficits with mexico and canada. nafta, under renegotiation, has been a bad deal with the usa. massive relocation of companies and jobs. tariffs on steel and aluminum will only come off if new and fair nafta agreement is signed. that would seem to suggest that the threat of tariffs against aluminum and steel are a negotiating tactic, something that the director of trade and industrial policy at the white house peter navarro said this morning isn t quite accurate, is not a negotiating tool. listen here. the purpose of the tariffs is to defend our steel and aluminum industries. make no mistake, i understand if we get a great nafta agreement, and we re trying to do that, that would be a great thing for the american people. at this point in time, 25 on steel, 10% on aluminum, no country exclusions, firm land in the sound. no country exclusions. while he says there will not be
he s not against enacting tariffs, even if it strains some of our relationships with allies like canada, south korea and the u.k. you had the director of trade and industrial policy on state of the union with jake tapper this morning. peter na vvaro saying there wil be low morale and chaos. there will be an exemption procedure for particular cases where we need to have exemptions so that business can move forward, but at this point in time, there will be no country exclusions. no exclusions, and we ve already heard from the prime minister of the u.k., teresa may. she reportedly had a phone call with the president this weekend telling him she s deeply concerned about these tariffs and professional consequences as
nat another wave of tariffs could force the company to raise prices, scale back its business and cost americans jobs. i want to know what you think of this question at smerconish.com. even when opposed by american multinational corporations, is president trump s trade policy in the best interest of american workers? joining me now is peter navarro. he s an assistant to the president. he s director of trade and industrial policy. he s the director of the white house national trade council. he just wrote this piece in the philadelphia enquirer. buying american can help keep the philly shipyard afloat. peter, we ll begin with the good news. talk to me about this container ship you ll christen in philadelphia today. it s going to be a great day in philly. one of my favorite cities. go eagles. 850-foot ship. the largest container ship ever built in this country. this is good news for our ship building industry. we ve lost about half the amount of people that work in that
those words together to make the hash tags. wanted to point that out. he suggests there could be relief for canada and mexico if talks bear fruit and tweeting we have large trade deficits with mexico and canada. nafta which is under renegotiation has been a bad deal for usa. massive relocation of companies and jobs. tariffs on steel and aluminum will only come off if a new agreement is signed that. would seem to suggest that the threat of the tariffs is a negotiating tactic at least when it comes to canada and mexico. the director of trade and industrial policy at the white house though says this is not attack particular. listen here. the purpz is to defend the steel and aluminum industries. make no mistake. if we get a great nafta agreement that would be a great thing for the american people but at this point in time, 25% of steel, 10% on aluminum. no exclusions, firm line in