During an appearance on FNC’s “Sunday Morning Futures,” White House senior economic counselor Peter Navarro explained the long-term implications for the Trump administration’s tariffs and how they will function to ensure fair trade for the United States.
“Let’s not forget, every economic report that’s been coming out in the last month has been pushing us towards expansion and strength,” Navarro said. “And we just had a blowout jobs number on Friday, 228,000 jobs. That was 50 percent higher than was predicted. So, again, there’s cognitive dissonance between what the media is saying, wanted to push us into recession, and what’s actually happening. I think you’re right, Jackie, that the tariff and trade policy is just one chapter in a book that contains all these other beautiful things that we’re going to do. If you just take, for example, the oil prices, oil prices were a dollar higher during the Biden years. For a commuting, working family, that’s about $1,000 worth of gas prices they had to pay. We’re going to get that back for them. These tariff revenues, by the way, Jackie, $600 billion, $700 billion they are going to raise a year, $6 trillion to $7 trillion over the 10-year period. They’re going to help pay for the tax cuts. I will tell you this, Jackie. Every single dollar that comes in, in tariff revenues that we take from the foreigners who have been cheating us are going to go right to the American public in terms of tax cuts and debt reduction.”
Hellbound and Down 