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Peter Navarro on Friday ratcheted up the rhetoric on China in the House of Commons.
The Director of the White House National Trade Council and the Office of Trade & Manufacturing Policy went to the CSIS to think about what they saw as a conspiracy.
'As part of a Chinese government influence operation, globalist billionaires are putting the full court press on the White House in advance of the G-20 in Argentina.'
Navarro did not identify the chief executives allegedly applying the pressure.
The rate of tariffs on some $ 200 billion of Chinese goods is scheduled to climb to 25% from 10% in the absence of a deal by Jan. 1.
Navarro said President Donald Trump has done "an incredible job" standing up to what he called "globalist elites."
"Donald Trump has done an amazing job of dealing with the issue and he did not need the help of Wall Street, he did not need help from Goldman Sachs
GS -1.74%
and he does not need it now, "Navarro said.
The use of "globalist" by Trump and other White House officials has been criticized for its anti-semitic overtones, given its white nationalist origins, particularly in the wake of the Pittsburgh synagogue massacre.
Navarro's use of Goldman Sachs is a reminder that the bank has been trained by the Treasury Secretary Steven Mnuchin as the National Economic Council Director Gary Cohn, both of whom have steered Trump toward more conciliatory approaches on trade.
The U.S. dollar
DXY, + 0.31%
extended earnings after the Navarro remarks.
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