Peter Navarro, senior advisor for trade and manufacturing for President Trump, was on “Fox News Sunday” with host Shannon Bream and discussed President Trump’s tariffs. He defended the tariffs and explained how it would help the US economy in the long term.
Bream had asked Navarro about auto tariffs.
“What is the message to the US consumer?” Bream asked.
“Message is that tariffs are tax cuts, tariffs are jobs, tariffs are national security, tariffs are great for America, tariffs will make America great again,” Navarro said.
“During the first term, when we imposed historic tariffs on China, on steel and aluminum,” Navarro said.
“We got price stability, and we got prosperity, and we are gonna get that again,” Navarro continued.
Bream asked Navarro to explain what he meant by tax cut and expressed concern about the impact it would have on Americans.
“When you say a tax cut, how exactly is that gonna work? If you are talking about credits for people who are buying new cars, those kinds of things. Millions of Americans are not looking to buy new cars, but they are worried about the thousands that are estimated to turn up in their everyday costs?” Bream asked.
“Let’s work through the economics of this. First of all, we are gonna raise about 100 billion dollars with the auto tariffs alone,” Navarro said.
“We are gonna provide tax benefits, tax credits to people who buy American cars,” Navarro said.
“In addition, the other tariffs are gonna raise about 600 billion dollars a year, about 6 trillion over a 10-year period, and we are gonna have tax cuts. The biggest tax cut in American history for the middle class,” Navarro continued.
Navarro emphasized the importance of buying American cars and how there is too much foreign interest in car manufacturing. He also explained it was also a national security issue.
“We got 16 million cars we buy every year. Half of those, half of those are imported with virtually no American content. And the other half, Shannon, 50 percent of that is foreign content,” Navarro warned.
Watch:
WATCH: @RealPNavarro says “tariffs are tax cuts” as he defends Trump administration’s upcoming tariffs, set to take effect on April 2nd. pic.twitter.com/r6dflyhXKf
— Fox News Sunday (@FoxNewsSunday) March 30, 2025
The post Peter Navarro Discusses President Trump’s Tariffs with Shannon Bream – “Tariffs are Tax Cuts” (VIDEO) appeared first on The Gateway Pundit.