Dr. Peter Navarro
๐ค SpeakerAppearances Over Time
Podcast Appearances
The tariffs are bringing in foreign investment.
As President Trump has said, if you build it here, you don't get tariff.
So we are literally looking at trillions upon trillions of dollars of new investment that drives investment.
the GDP growth directly, but it also increases productivity.
Why do we care as MAGA?
Because productivity is the key to an increase in real wages and the quality of life of blue-collar working Americans.
Now, third, you got the government spending.
That's going down, but that's a good thing.
One of the rules of economics is that a dollar in the government sector is much less
efficient than if it goes into the private sector.
Oh, and by the way, falling government expenditures mean a reduced budget deficit, lower interest rates and mortgage rates.
So that's going to ignite things like the housing sector.
So consumption investment, government spending hitting all cylinders.
The last one, Steve, is the net exports.
Whenever we reduce our trade deficit, that shows up as an increase
in our GDP growth rate.
That's exactly what the Trump chair policy is doing.
We just had in the lowest trade deficit since 2009.
So if you add all that up, Steve, it's a set of policies and throw on top of that good things like oil going from $75 a barrel to $50 a barrel.
You can't