Peter Navarro, a top trade advisor to President-elect Donald Trump, claims Trump's planned tariffs and tax cuts will not worsen inflation or federal deficits. Navarro attributes the inflation experienced during Biden's presidency to 'fiscal irresponsibility.'
Peter Navarro, top trade advisor to President-elect Donald Trump , argued that Trump 's planned tariffs and tax cuts will not boost inflation or federal deficits. Navarro in a CNBC'Squawk Box' interview claimed that inflation during the Biden administration was caused by'fiscal irresponsibility.' Trump has proposed numerous tax cuts , including further lowering the corporate tax rate, as well as eliminating taxes on tips for service workers and on Social Security benefits for seniors.
'We put on significant tariffs on China, steel, aluminum, dishwashers, solar, a lot of increased countervailing duties to stop the dumping,' Navarro said on CNBC's''So I would say that just go back and play all the interviews that were done on CNBC of people back in the first term with their hair on fire, worrying about inflation,' said Navarro. Dexcom's over-the-counter glucose monitor now offers users an AI summary of how sleep, meals and more impact sugar levels Navarro, whom Trump picked earlier in December to be his senior counselor for trade and manufacturing, argued that the inflation that hung over Biden's term was caused by'fiscal irresponsibility.' During his recent campaign, Trump said he wanted to enact much larger and broader tariffs, plus additional targeted duties on imports from China.Trump also has suggested a laundry list of proposed tax cuts, including further lowering the corporate tax rate, as well as eliminating taxes on tips for service workers and on Social Security benefits for seniors. He has also vowed to extend tax cuts implemented during his first term, some of which are set to expire at the end of 202
ECONOMY INFLATION TARIFFS TAX CUTS TRUMP
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