Peter Navarro faces bipartisan wrath over ‘exceptionally stupid’ claim that ‘tariffs are tax cuts’ - ‘They think you are stupid,’ Pradeep J. Shanker, a contributor for the conservative National Review magazine,

In an interview with Fox News on Sunday, White House economic advisor Peter Navarro said the tariffs set to be announced this week would be one of the biggest tax increases in American history—while also promising the exact opposite.

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.

Donald Trump’s 25% tariff on U.S. auto imports kicks in Thursday, and the levies look set to upend the industry. A Reuters calculation shows the duties will hit some $460 billion-worth of cars and parts every year.

US President Donald Trump announced a sweeping new set of tariffs on Wednesday, arguing that they would allow the United States to economically flourish. These new import taxes, which Trump imposed via executive order,

US President Donald Trump announced reciprocal tariffs Wednesday, saying he would apply a minimum 10% levy on all exporters to the US. The Republican asserted that dozens of countries with the largest trade imbalances will face even higher rates.

President Trump says the tariffs will encourage investment in U.S. factories, but analysts say car buyers will have to pay thousands more.

If you know you need a new car soon anyways, there’s a pretty good argument for acting as fast as you can,” says one car-buying expert.

The array of automotive parts that President Trump plans to tariff is more extensive than the industry expected, raising concerns about significant cost increases for U.S.-built vehicles. As part of Trump’s tariff announcement Wednesday,