Peter Navarro, a senior trade adviser to President Trump, said the president’s tariff plan will raise more than $6 trillion in federal revenue over the next decade.
Navarro joined “Fox News Sunday,” where host Shannon Bream noted Americans are concerned Trump’s tariffs are going to raise the price of everyday goods.
“First of all, we’re going to raise about $100 billion with the auto tariffs alone. What we’re going to do is, in the new tax bill that has to pass, it absolutely has to pass, we’re going to provide tax benefits, tax credits, to the people who buy American cars,” Navarro began. “This is a genius thing that President Trump promised on the campaign trail. So that’s going to happen.”
“In addition, the other tariffs are going to raise about $600 billion a year, about $6 trillion over a 10-year period, and we’re going to have tax cuts,” he continued. “It’s the biggest tax cut in American history for the middle class, for the blue collar.”
— Read more from The Hill's Lauren Irwin.
_Christophe_Coat_Alamy.jpg?#)
