Navarro, 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.
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 'Squawk Box.' The previous administration kept many of them in place. '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 levelsNavarro, 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
Trump Tariffs Tax Cuts Inflation Navarro
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
President-elect Trump Nominates Peter Navarro as Senior Counselor for Trade and ManufacturingPresident-elect Donald Trump has nominated Peter Navarro for the role of Senior Counselor for Trade and Manufacturing, highlighting Navarro's previous work on trade deals and his recent release from prison.
Read more »
Trump picks Peter Navarro as top trade advisorPresident-elect Donald Trump announced that Peter Navarro will serve as “Senior Counselor for Trade and Manufacturing” in his next White House term.
Read more »
Peter Navarro returning to Trump’s White House as trade adviserThe former adviser served prison time related to the Jan. 6 attack on the U.S. Capitol.
Read more »
Trump hires Peter Navarro as White House trade adviser months after his release from prisonNavarro served four months in prison after being held in contempt of Congress for defying a subpoena from the House committee that investigated the Jan. 6 attack on the U.S. Capitol.
Read more »
Trump taps Peter Navarro, convicted of contempt of Congress, as trade counselorPeter Navarro served as a trade adviser in the first Trump administration, and was recently released from a four-month prison sentence for defying a congressional subpoena.
Read more »
Trump picks Peter Navarro to serve as a top trade adviserThis is additional taxonomy that helps us with analytics
Read more »