Peter Navarro, a top trade advisor to President-elect Donald Trump, stated that Trump's planned tariffs and tax cuts will not lead to increased inflation or federal deficits. Navarro, in an interview with CNBC, attributed inflation during the Biden administration to 'fiscal irresponsibility.' He cited the tariffs imposed on China, steel, aluminum, and other goods during Trump's first term as evidence that trade policies can control inflation.
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 .
"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"> Sign up for NBC New York's News Headlines newsletter. He has also vowed to extend tax cuts implemented during his first term, some of which are set to expire at the end of 2025.Trump loses bid to toss New York hush money conviction on immunity claimTrump says he would consider pardoning NYC Mayor Eric AdamsAsked how Trump hopes to keep deficits under control while pursuing new tax cuts, Navarro on Tuesday again pointed to the example of the first administration.
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Navarro Claims Trump Policies Won't Boost Inflation or DeficitsPeter Navarro, a top trade advisor to President-elect Donald Trump, asserts that Trump's proposed tariffs and tax cuts will not lead to increased inflation or federal deficits. Navarro attributes the inflation during the Biden administration to 'fiscal irresponsibility.' He points to Trump's previous tariffs on China, steel, aluminum, and other products as evidence that these policies do not contribute to inflation. Navarro also notes Trump's plan for further tax cuts, including reductions in the corporate tax rate, elimination of taxes on tips and Social Security benefits, and extension of existing tax cuts.
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Navarro Says Trump Tariffs, Tax Cuts Won't Boost InflationPeter 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.'
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Peter Navarro Says Trump Tariffs and Tax Cuts Won't Cause InflationNavarro, a trade advisor to President-elect Trump, claims that tariffs and tax cuts will not lead to inflation or increased federal deficits. He attributes the current inflation to 'fiscal irresponsibility' under the Biden administration.
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Navarro: Trump's Tariffs and Tax Cuts Won't Cause Inflation or DeficitPeter Navarro, a top trade advisor to President-elect Donald Trump, argues that Trump's planned tariffs and tax cuts will not lead to inflation or increased federal deficits.
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Navarro Says Trump's Tariffs and Tax Cuts Won't Boost InflationPeter Navarro, a top trade advisor to President-elect Donald Trump, asserts that the president's planned tariffs and tax cuts will not negatively impact inflation or federal deficits.
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Trump trade counselor Peter Navarro says planned tariffs won't spur inflationPresident-elect Donald Trump has vowed to enact across-the-board tariffs, targeted import duties on China, Canada and Mexico, and tax cuts.
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