‘Taught the world trade economics': Peter Navarro says Donald Trump deserves Nobel in economics; cites global overhaul

Time of India

2 days ago

Donald Trump and Peter Navarro
White House trade adviser Peter Navarro said that US President Donald Trump should be considered for a Nobel Prize in economics for his 'fundamental restructuring' of global trade.
Speaking to Fox Business Network on Thursday, Navarro argued that Trump had 'taught the world trade economics' by taking a hard stance on unfair trade practices and prioritising American economic interests.
'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,' Navarro said.
'The biggest market in the world has said, you're not going to cheat us anymore. We're going to have fair deals.'
Navarro credited Trump's aggressive tariff policy with forcing countries to agree to more balanced trade terms. He said the White House's trade negotiations are 'working beautifully' to eliminate unfair advantages used by some trading partners.
According to Navarro, these moves had a deflationary impact, claiming, 'The tariffs have been tax cuts rather than inflation.'
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Libas Purple Days Sale
Libas
Undo
As per The Hill, Navarro also pointed to the series of trade deals achieved under Trump's leadership with countries like the United Kingdom, Japan and the European Union, as well as the ongoing talks with China. 'These deals are happening now fast and certainly look incredibly effective,' he said.
Navarro's comments come after multiple nominations for Trump for the Nobel Peace Prize.
According to The Hill, Republican lawmakers Buddy Carter and Darrell Issa have nominated Trump for his efforts in mediating Middle East tensions, including those between Israel and Iran.
Israeli Prime Minister Benjamin Netanyahu also submitted a nomination in July, citing Trump's push for a ceasefire in the region.
A separate nomination came from Pakistani officials, who credited Trump with helping to de-escalate tensions with India.
However, the Pakistani government later criticised US strikes on Iran. India, for its part, has consistently rejected claims of external mediation. In a recent address to Parliament, Prime Minister Narendra Modi said that during the Operation Sindoor response to the Pahalgam terror attack, no foreign leader influenced India's decision-making.
'No leader in the world told India to stop its operation,' he said.
White House Press Secretary Karoline Leavitt also supported the case for a Nobel Peace Prize, claiming on Thursday that Trump had helped secure approximately one peace deal or ceasefire per month. She cited the ceasefire between Thailand and Cambodia as a recent example, noting that Trump had sent direct messages to leaders of both countries indicating that trade talks would not proceed unless the conflict ceased.
Leavitt also referenced diplomatic efforts involving Rwanda-DRC, Serbia-Kosovo and Egypt-Ethiopia, while reiterating the administration's belief that Trump's role in these resolutions has been under-recognised.
Meanwhile, President Trump signed a sweeping executive order this week imposing new tariffs on 95 countries and territories, with rates ranging from 10 to 41 per cent. India was hit with a 25 per cent "Reciprocal Tariff, Adjusted," one of the highest rates among major trading partners. Originally set to begin August 1, the tariff implementation was deferred to August 7 to allow for system updates by US Customs.
Nonetheless, Navarro believes Trump's economic reforms alone merit global recognition. 'Everything he's doing has defied the critics,' Navarro said, calling Trump's economic policies revolutionary.