Professor Matt Gold appeared on CNBC’s “Squawk Alley” to discuss growing trade tensions between the U.S. and Mexico and Peter Navarro’s advisement to the President on international trade issues.
The fact is that this move, if the President takes it, will very severely violate NAFTA, it will basically invalidate the entire agreement because we will be failing to fulfill our most fundamental obligation in the entire 300-page agreement. It also severely violates the World Trade Organization agreements, which comprise a huge portion of all international law and are critical for global stability. These are the types of consequences you’re looking at in the long term for this kind of move.
Peter Navarro doesn’t understand the impact of tariffs, says trade expert from CNBC.
