Top Trump Trade Official Peter Navarro Says ‘Tariffs Are Tax Cuts!’

BREAM Let s start ░░░░░░░░ those auto tariffs 20 ░░░░░░░░ percent tariff kicking in ░░░░░░░░ foreign made autos and ░░░░░░░░ auto parts that end ░░░░░░░░ in U S cars ░░░░░░░░ says this If dealerships ░░░░░░░░ on the full cost ░░░░░░░░ consumers that would mean ░░░░░░░░ additional 5 000 to ░░░░░░░░ 000 on imported cars ░░░░░░░░ because parts that are ░░░░░░░░ and end up in ░░░░░░░░ S cars they could ░░░░░░░░ up substantially some estimates ░░░░░░░░ thousands of cars Well ░░░░░░░░ heard Lucas s reporting ░░░░░░░░ where the president says ░░░░░░░░ doesn t NAVARRO Yeah ░░░░░░░░ care if the prices ░░░░░░░░ up on U S ░░░░░░░░ So what s the ░░░░░░░░ to the U S ░░░░░░░░ NAVARRO The message is ░░░░░░░░ tariffs are tax cuts ░░░░░░░░ are jobs tariffs are ░░░░░░░░ security tariffs are great ░░░░░░░░ America tariffs will make ░░░░░░░░ great again And and ░░░░░░░░ we have a couple ░░░░░░░░ nice historical examples I ░░░░░░░░ to give some comfort ░░░░░░░░ your audience I mean ░░░░░░░░ of all during the ░░░░░░░░ term when we imposed ░░░░░░░░ tariffs on China on ░░░░░░░░ and aluminum the same ░░░░░░░░ at Investopedia and on ░░░░░░░░ who were saying there ░░░░░░░░ going to be inflation ░░░░░░░░ recession were dead wrong ░░░░░░░░ got price stability and ░░░░░░░░ got prosperity And we ░░░░░░░░ going to get that ░░░░░░░░