Peter Navarro, senior advisor for commerce and manufacturing for President Trump, was on “Fox Information Sunday” with host Shannon Bream and mentioned President Trump’s tariffs. He defended the tariffs and defined how it might assist the US financial system in the long run.
Bream had requested Navarro about auto tariffs.
“What’s the message to the US client?” Bream requested.
“Message is that tariffs are tax cuts, tariffs are jobs, tariffs are nationwide safety, tariffs are nice for America, tariffs will make America nice once more,” Navarro mentioned.
“Through the first time period, after we imposed historic tariffs on China, on metal and aluminum,” Navarro mentioned.
“We bought worth stability, and we bought prosperity, and we’re gonna get that once more,” Navarro continued.
Bream requested Navarro to elucidate what he meant by tax reduce and expressed concern concerning the affect it might have on Individuals.
“While you say a tax reduce, how precisely is that gonna work? In case you are speaking about credit for people who find themselves shopping for new automobiles, these sorts of issues. Thousands and thousands of Individuals should not trying to purchase new automobiles, however they’re fearful concerning the hundreds which can be estimated to show up of their on a regular basis prices?” Bream requested.
“Let’s work by the economics of this. Initially, we’re gonna increase about 100 billion {dollars} with the auto tariffs alone,” Navarro mentioned.
“We’re gonna present tax advantages, tax credit to individuals who purchase American automobiles,” Navarro mentioned.
“As well as, the opposite tariffs are gonna increase about 600 billion {dollars} a yr, about 6 trillion over a 10-year interval, and we’re gonna have tax cuts. The largest tax reduce in American historical past for the center class,” Navarro continued.
Navarro emphasised the significance of shopping for American automobiles and the way there’s an excessive amount of international curiosity in automobile manufacturing. He additionally defined it was additionally a nationwide safety concern.
“We bought 16 million automobiles we purchase yearly. Half of these, half of these are imported with nearly no American content material. And the opposite half, Shannon, 50 % of that’s international content material,” Navarro warned.
Watch:
WATCH: @RealPNavarro says “tariffs are tax cuts” as he defends Trump administration’s upcoming tariffs, set to take impact on April 2nd. pic.twitter.com/r6dflyhXKf
— Fox Information Sunday (@FoxNewsSunday) March 30, 2025
