Peter Navarro, senior advisor for commerce and manufacturing for President Trump, was on “Fox News 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 shopper?” 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 stated.
“Throughout the first time period, after we imposed historic tariffs on China, on metal and aluminum,” Navarro stated.
“We received value stability, and we received prosperity, and we’re gonna get that once more,” Navarro continued.
Bream requested Navarro to clarify what he meant by tax lower and expressed concern in regards to the impression it might have on People.
“Once you say a tax lower, 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. Hundreds of thousands of People aren’t trying to purchase new automobiles, however they’re fearful in regards to the 1000’s which are estimated to show up of their on a regular basis prices?” Bream requested.
“Let’s work via the economics of this. To begin with, we’re gonna elevate about 100 billion {dollars} with the auto tariffs alone,” Navarro stated.
“We’re gonna present tax advantages, tax credit to individuals who purchase American automobiles,” Navarro stated.
“As well as, the opposite tariffs are gonna elevate about 600 billion {dollars} a 12 months, about 6 trillion over a 10-year interval, and we’re gonna have tax cuts. The most important tax lower in American historical past for the center class,” Navarro continued.
Navarro emphasised the significance of shopping for American automobiles and the way there may be an excessive amount of international curiosity in automotive manufacturing. He additionally defined it was additionally a nationwide safety situation.
“We received 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 p.c 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
