White House trade adviser Peter Navarro signaled that President Trump is looking for at least $2 trillion in the next coronavirus relief package
Since early March, Trump has signed into law three relief bills passed by Congress totaling nearly $3 trillion in federal funds to address the ongoing pandemic.last week that the odds of a phase four package passing Congress before August “are very, very high.”
Navarro specifically mentioned pharmaceutical companies and medical supplies as parts of the manufacturing base the White House would like a bill to target. “We need to make our medicines here, we need to make our masks here, our ventilators and all of that,” he said. “For me and for this president, one of the key thrusts of any phase four — and any economic plan — going forward has to be manufacturing jobs, a focus on buy American, hire American, make it in the U.S.A.,” Navarro said. “What we need to do as a country is to make more stuff here.”
The coronavirus has “hit the twin pillars of our major cities, which are the … high-rise density and mass transit,” Navarro said. “If you don’t have those working, you don’t have a city.”Filed Under:
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