Peter Navarro

If you look at the trade deficit, which every country runs from us, the first thing economists should tell you, ask the next one you have on your show, should the U.S. have chronic and sustained trade deficits? According to economic theory, they should not. So what the trade deficit does for any given country, it's the sum of all cheating. It's the sum of all unfair trade practices.

And in a national emergency where the trade deficit itself is the national emergency and security threat because it takes our factories, our jobs, and transfers wealth abroad, the reciprocal tariff is that which...

And in a national emergency where the trade deficit itself is the national emergency and security threat because it takes our factories, our jobs, and transfers wealth abroad, the reciprocal tariff is that which...

I mean, look, Elon, look, Elon, when he's in his doge lane, is great. But we understand what's going on here. We just have to understand. Elon sells cars. And he's in Texas assembling cars. that have big parts of that car from Mexico, China. The batteries come from Japan or China. The electronics come from Taiwan. And he's simply protecting his own interests as any business person would do.

I mean, look, Elon, look, Elon, when he's in his doge lane, is great. But we understand what's going on here. We just have to understand. Elon sells cars. And he's in Texas assembling cars. that have big parts of that car from Mexico, China. The batteries come from Japan or China. The electronics come from Taiwan. And he's simply protecting his own interests as any business person would do.

I mean, look, Elon, look, Elon, when he's in his doge lane, is great. But we understand what's going on here. We just have to understand. Elon sells cars. And he's in Texas assembling cars. that have big parts of that car from Mexico, China. The batteries come from Japan or China. The electronics come from Taiwan. And he's simply protecting his own interests as any business person would do.

This is not a negotiation, Jesse. This is a national emergency associated with chronic and massive trade deficits that are brought about by higher tariffs and higher non-tariff barriers that take our jobs, that take our factories, that lead to massive trade deficits that result in massive transfers of wealth into foreign hands that jeopardize our manufacturing base and defense industrial base.

This is not a negotiation, Jesse. This is a national emergency associated with chronic and massive trade deficits that are brought about by higher tariffs and higher non-tariff barriers that take our jobs, that take our factories, that lead to massive trade deficits that result in massive transfers of wealth into foreign hands that jeopardize our manufacturing base and defense industrial base.

This is not a negotiation, Jesse. This is a national emergency associated with chronic and massive trade deficits that are brought about by higher tariffs and higher non-tariff barriers that take our jobs, that take our factories, that lead to massive trade deficits that result in massive transfers of wealth into foreign hands that jeopardize our manufacturing base and defense industrial base.

We're gonna provide tax benefits, tax credits to the people who buy American cars. This is a genius thing that President Trump promised on the campaign trail. So that's gonna happen. In addition, the other tariffs are gonna raise about $600 billion a year.

We're gonna provide tax benefits, tax credits to the people who buy American cars. This is a genius thing that President Trump promised on the campaign trail. So that's gonna happen. In addition, the other tariffs are gonna raise about $600 billion a year.

We're gonna provide tax benefits, tax credits to the people who buy American cars. This is a genius thing that President Trump promised on the campaign trail. So that's gonna happen. In addition, the other tariffs are gonna raise about $600 billion a year.

The message is that tariffs are tax cuts. Tariffs are jobs. Tariffs are national security. Tariffs are great for America. Tariffs will make America great again.

The message is that tariffs are tax cuts. Tariffs are jobs. Tariffs are national security. Tariffs are great for America. Tariffs will make America great again.

The message is that tariffs are tax cuts. Tariffs are jobs. Tariffs are national security. Tariffs are great for America. Tariffs will make America great again.

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