David Edwards
March 30, 2025
RAW STORY
Fox News/screen grab
Fox News host Maria Bartiromo pressed White House economic adviser Kevin Hassett about how President Donald Trump's "tariffs on screws" were "going to raise prices" for consumers.
During a Sunday interview, Hassett admitted that he had little idea what new economic policies Trump would impose in the coming week.
"I can't give you any forward-looking guidance on what's going to happen this week," Hassett said. "The president has got a heck of a lot of analysis before him, and he's going to make the right choice, I'm sure."
Bartiromo noted that it could take companies two to three years to shift manufacturing to the U.S. despite the tariffs.
"But what do you want to say to people who are questioning this as they see the stock market sell off?" she asked Hassett. "How long would you expect this disruption to last? The Wall Street Journalout with a piece this morning."
"Tariffs on screws are already hitting manufacturers, meanwhile, meaning that they're going to raise prices," the host remarked.
For his part, Hassett argued that Republicans would pass tax cuts to help the economy in the coming months.
"We've got the biggest, most pro-worker tax cut in history that's moving forward at a breakneck speed," he asserted. "And I think the naysayers will be proven wrong if they're a little bit nervous about the blips from this week to next."
"Well, there are also questions about the tax extensions," Bartiromo replied. "How will the Congress get it done?"
"It feels like the odds of this passing sometime in the summer are extraordinarily high," Hassett insisted. "It's a golden age."
"Well, look, if you're talking about the middle of the summer, that we'll actually see this begin to materialize, we may need it by that time because it feels like the economy is slowing," Bartiromo observed.
Watch the video below from Fox News or at the link.
'How exactly?' Fox News host grills Peter Navarro after he says 'tariffs are tax cuts'
David Edwards
March 30, 2025
David Edwards
March 30, 2025
RAW STORY
Fox News/screen grab
Fox News host Shannon Bream challenged White House trade adviser Peter Navarro after he insisted that President Donald Trump's tariffs were "tax cuts."
During an interview on Fox News Sunday, Bream noted that Trump had said he "couldn't care less" if car prices increase because of his tariffs.
"The U. S. Consumer message is that tariffs are tax cuts," Navarro insisted. "Tariffs are jobs. Tariffs are national security. Tariffs are great for America. Tariffs will make America great again."
"I want to clarify," Bream interrupted, "when you say a tax cut, how exactly is that going to work?"
"First of all, we're going to raise about a hundred billion dollars with the auto tariffs alone," Navarro replied. "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."
ALSO READ:'Not much I can do': GOP senator gives up fight against Trump's tariffs
"This is a genius thing that President Trump promised on the campaign trail," he added. "In addition, the other tariffs are going to raise about six hundred billion dollars a year, about six trillion over a ten-year period, and we're going to have tax cuts."
"Trust in Trump," Navarro said.
Watch the video below from Fox News or at the link.
Fox News/screen grab
Fox News host Shannon Bream challenged White House trade adviser Peter Navarro after he insisted that President Donald Trump's tariffs were "tax cuts."
During an interview on Fox News Sunday, Bream noted that Trump had said he "couldn't care less" if car prices increase because of his tariffs.
"The U. S. Consumer message is that tariffs are tax cuts," Navarro insisted. "Tariffs are jobs. Tariffs are national security. Tariffs are great for America. Tariffs will make America great again."
"I want to clarify," Bream interrupted, "when you say a tax cut, how exactly is that going to work?"
"First of all, we're going to raise about a hundred billion dollars with the auto tariffs alone," Navarro replied. "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."
ALSO READ:'Not much I can do': GOP senator gives up fight against Trump's tariffs
"This is a genius thing that President Trump promised on the campaign trail," he added. "In addition, the other tariffs are going to raise about six hundred billion dollars a year, about six trillion over a ten-year period, and we're going to have tax cuts."
"Trust in Trump," Navarro said.
Watch the video below from Fox News or at the link.
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