Politics2/12/2026β€’Bloomberg

Navarro on USMCA, Tariffs and Credit Card Rates

Navarro on USMCA, Tariffs and Credit Card Rates

In a Bloomberg interview, White House trade adviser Peter Navarro discussed several economic issues. Regarding the USMCA trade deal, Navarro commented on the House vote to end tariffs on Canadian imports. He also criticized JPMorgan CEO Jamie Dimon, urging him to cap credit card interest rates. Navarro defended President Trump's tariff policy, stating that it has been successful in supporting American workers and industries. He argued that the House vote to end tariffs on Canadian imports was misguided and did not align with the administration's trade strategy. Furthermore, Navarro directed criticism towards Jamie Dimon, the CEO of JPMorgan Chase, calling on him to limit credit card interest rates. Navarro asserted that credit card companies are profiting excessively from high-interest rates, which he believes is detrimental to American consumers. Overall, the interview highlighted Navarro's support for the administration's trade policies and his concern over the high costs of credit card financing for consumers.

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