Trump’s Tariff Plan Will Bring Money Back Home

Peter Navarro, a key Trump trade adviser, praised former President Trump’s dramatic shift on tariffs, attributing it to his effective strategy of implementing reciprocal tariffs globally. Despite Trump’s announcement Wednesday to temporarily reduce recently imposed tariffs on multiple nations, he maintained the 25% duties on aluminum, steel, and automobiles while increasing tariffs on China.

Speaking on Newsmax’s “Chris Salcedo Show” Thursday, Navarro explained, “What we have now in place going forward is a 10% global tariff that’s going to bring in $2 billion a day, instead of sending out for $4 billion like we do with our trade deficit.” “And we’ve got 90 days to get what’s probably over 90 countries in, and we’re going to get great deals for the American people.” Navarro emphasized Trump’s leadership in these negotiations, stating, “President Trump is going to lead the negotiations, and we’re going to really take back what is ours, what we’ve been cheated of.”

He noted the eagerness of other nations to negotiate demonstrates their past unfair practices. Navarro highlighted decades of trade inequities, tracing back to the 1979 Tokyo round of negotiations under GATT, the World Trade Organization’s predecessor. “The world trade system is broken. Donald Trump is going to fix it.

Americans are going to be better off,” Navarro concluded, criticizing the current international trade framework’s dispute resolution mechanisms and systematically higher tariffs imposed by other nations.