"He has basically schooled the entire world on trade economics. I think he should be nominated for the nobel prize in economics for fundamentally restructuring the international trade environment, where the world's largest market has declared 'parties can no longer cheat us'," White House trade advisor Peter Navarro said on 31/7.

Navarro added that the US will have "fair agreements" and that what President Trump is doing transcends criticism. The White House advisor also affirmed that US negotiations are still "going well". "Agreements are happening quickly and look to be extremely effective," Navarro said, praising President Trump's leadership.

US President Donald Trump at the White House on 29/7. Photo: AP

US President Donald Trump at the White House on 29/7. Photo: AP

The nobel prize in economics is a prestigious award for those who have made outstanding contributions to the field of economics. This prize was not part of the original award structure in the will of Swedish scientist Alfred Nobel. The nobel prize in economics was added in 1968, on the 300th anniversary of the founding of Sweden's central bank, which also funds the prize.

In recent months, President Trump has also been nominated by several countries for the nobel peace prize for his contributions to resolving global conflicts.

Ngoc Anh (Hill, MSNBC, Newsweek)