‘Most Economists Don’t Agree With Us’ Admits Trump Trade Chief as Costs Climb

Oh good, Trump's top trade guy thinks tariffs are 'tax cuts'

Peter Navarro, senior trade advisor to President Donald Trump, was on CNBC Thursday, doing what he does best: insisting that reality isn’t real. He was there to spin the Bureau of Labor Statistics��

'Economists just don't agree': CNBC host gets Trump trade chief to make stunning admission

Peter Navarro, President Donald Trump’s top trade official and the architect of his massively unpopular trade war and sweeping tariff plans, admits that the majority of economists do not agree with the administration’s stance that tariffs are actually “tax cuts.”Tariffs are taxes paid by importers on goods and services as they enter the country, and those costs often make their way to consumers through higher prices. While some businesses initia…

‘Most Economists Don’t Agree With Us’ Admits Trump Trade Chief as Costs Climb

Peter Navarro, President Donald Trump’s top trade official and the architect of his massively unpopular trade war and sweeping tariff plans, admits that the majority of economists do not agree with the administration’s stance that tariffs are actually “tax cuts.” Tariffs are taxes paid by importers on goods and services as they enter the country, and those costs often make their way to consumers through higher prices. While some businesses initi…