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Navarro: Auto Tariffs to Raise $100B
NewsMax ^ | Sunday, 30 March 2025 07:38 PM EDT | Nick Koutsobinas

Posted on 03/31/2025 9:05:17 AM PDT by SoConPubbie

The Trump administration's senior counselor for trade and manufacturing, Peter Navarro, suggested on Sunday that the tariffs on automobiles, which are set to go into effect "on or after April 2," would raise $100 billion, ostensibly in a year.

Responding to a question from "Fox News Sunday" that the tariffs, according to Investopedia, would raise car prices for consumers, Navarro discounted the concern, offering instead that tariffs represent "tax cuts." They are "jobs," he added, "tariffs are national security; tariffs are great. For America, tariffs will make America great again."

Addressing the concern of tariffs among consumers, Navarro pointed to "when we imposed historic tariffs on China, steel, aluminum; the same people — Investopedia and on down — who were saying 'There's going to be inflation and recession,' were dead wrong. We got price stability and prosperity, and we're gonna get that again."

Regarding tariffs on cars and auto parts, the presidential counselor pointed to what's become known as the Chicken Tax, imposed by President Lyndon Johnson, where tariffs were imposed on France and Germany for the import of light trucks in response to the tariffs imposed on the export of American chickens. The tariff, Navarro suggested, had fostered a renewed focus on American truck manufacturing.

However, when pressed by host Shannon Bream that costs from the tariffs could be passed to the American consumer, Navarro said that those who buy American cars would receive "tax benefits" and tax credits."

"In addition" to the auto tariffs, "the other tariffs are gonna raise about $600 billion a year, about $6 trillion over a ten-year period, and we're gonna have tax cuts. It's the biggest tax cut in American history."

Navarro concluded that if looked at "holistically as they say," the tariffs would provide Americans with jobs and make consumers better off.

(Excerpt) Read more at newsmax.com ...


TOPICS: Business/Economy; Constitution/Conservatism; News/Current Events; Politics/Elections
KEYWORDS: elonmusk; peternavarro; rav4soonbuiltinusa; tariff; tariffs; taxes; trump
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1 posted on 03/31/2025 9:05:17 AM PDT by SoConPubbie
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To: SoConPubbie

The new spin is …… tariff revenue is the biggest tax hike in American history.


2 posted on 03/31/2025 9:07:13 AM PDT by MrRelevant
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To: SoConPubbie

The best selling vehicle in the U.S. is the Toyota RAV4 that’s assembled in Canada. The Honda CR-V is basically the same vehicle, same price but assembled in Ohio and Indiana.

Add $7000 in tariffs to the Canadian car and Honda will soon be hiring more middle class American workers. That is until Toyota builds another plant like their Camry plant in Kentucky with its middle class American workers.

What’s to argue? It’s MAGA common sense.


3 posted on 03/31/2025 9:19:58 AM PDT by hardspunned (Look for the“Putin Stooge” libel, news from Ukraine you’ve gradually grown to trust over 30 months s)
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To: MrRelevant

I share Navarro view. US has been taken for the cleaners. Good jobs went to China. We need to take these jobs back!!!
The only way to save this country!

Yes, one can see tariffs like taxes, similar to VAT. But, the guv. is in dire need of money. Taxes on consumption are better than taxes on income. And, car tariffs really are not paid by the poor!


4 posted on 03/31/2025 9:21:03 AM PDT by AZJeep (sane )
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To: hardspunned

Honda is number 2 behind Tesla as auto company with the highest % of US parts in their domestically manufactured cars.


5 posted on 03/31/2025 9:26:34 AM PDT by HYPOCRACY (Long live The Great MAGA Kangz!)
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To: SoConPubbie

This probably heresy but here goes. (By the way I voted for Trump 3 times because there wasn’t any moral alternative). I’m a retired guy living mostly on my 401K. I made the mistake of investing in American companies like GM and Ford. Trump’s tariffs have decreased their value by 5-10%. Are Trumps tariffs on some foreign countries compensatory or are they just retaliatory? I understand equivalent tariffs but the alienation of all of our historical allies leaves me bewildered.


6 posted on 03/31/2025 9:27:02 AM PDT by 2nd Amendment
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To: 2nd Amendment

I understand equivalent tariffs but the alienation of all of our historical allies leaves me bewildered.


is the possible that the alienation you refer to is fake news from the media?

There is a lot of evidence for stronger deeper relationships being developed.


7 posted on 03/31/2025 9:30:14 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued, but there must be a warehouse full of them somewhere)
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To: SoConPubbie

... Why would we be exporting chickens to Europe? Can’t they grow their own chickens there? I’m sure they can, so...? That’s weird.


8 posted on 03/31/2025 9:36:57 AM PDT by wizardoz (The greatest wealth is to live content with little. -Plato)
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To: hardspunned

Or Canada will drop their tariff walls, in which case the administration would reduce ours.

Their choice. Protect lumber and dairy industries or keep the auto industry.


9 posted on 03/31/2025 9:38:40 AM PDT by Regulator (It's fraud, Jim)
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To: HYPOCRACY

Toyota will be there soon enough.


10 posted on 03/31/2025 9:39:00 AM PDT by hardspunned (Look for the“Putin Stooge” libel, news from Ukraine you’ve gradually grown to trust over 30 months s)
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To: 2nd Amendment

“Are Trumps tariffs on some foreign countries compensatory or are they just retaliatory?”

I don’t know how these tariffs - and other Trump initiatives - will shake out. Neither do you. Neither does President Trump.

There are a lot of dynamics going on including possible new military action. And, of course, every democrat in the nation is hoping for failure.

Net: our best course of action is to support President Trump and see if his policies can work. My best guess is that it is going to be painful to turn our big misdirected ship around but if we can stay the course things will improve long term.


11 posted on 03/31/2025 9:42:01 AM PDT by jeffersondem
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To: Regulator

That’s why it’s called reciprocal. I’m cool with that as I’m sure DJT would be.


12 posted on 03/31/2025 9:43:26 AM PDT by hardspunned (Look for the“Putin Stooge” libel, news from Ukraine you’ve gradually grown to trust over 30 months s)
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To: 2nd Amendment
Are Trumps tariffs on some foreign countries compensatory or are they just retaliatory?

They are compensatory. President Trump has made that crystal clear by his words and actions. If our trading partners change their behavior, President Trump has been quick to reward them by dropping or reducing our tariffs.

It is the Globalist and Left-wing press that is pushing the false "retaliatory" line.

Don't fall for their crap!
13 posted on 03/31/2025 9:45:51 AM PDT by SoConPubbie (Trump has all the right enemies, DeSantis has all the wrong friends.)
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To: HYPOCRACY

I have read 70% for Honda.

Which surprised me.


14 posted on 03/31/2025 9:51:36 AM PDT by crz
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To: Regulator

There are at least three U.S. states with a larger GDP than all of Canada. How much lumber or dairy products could U.S. producers possibly sell up there?


15 posted on 03/31/2025 9:53:23 AM PDT by Alberta's Child ("Well, maybe I'm a little rough around the edges; inside a little hollow.” -- Tom Petty, “Rebels”)
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To: SoConPubbie

Not so crazy about being nailed for foreign parts having bought a used car because our Ford Focus had been totaled by a DUI. We needed something immediately. If there’d been an American hatchback available with a manual transmission that was well-made with a decent service record, we’d have bought it.


16 posted on 03/31/2025 9:53:24 AM PDT by Carry_Okie (The tree of liberty needs a rope.)
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To: SoConPubbie

the U.S. trading partners’ hypocrisy becomes evident when they scream about us imposing tariffs — yet the partners have ALREADY imposed their own tariffs on our exports, for decades in some cases

Sauce for the goose. Sauce for the gander


17 posted on 03/31/2025 9:55:36 AM PDT by Old West Conservative
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To: crz

Index by cars.com

https://www.cars.com/american-made-index/


18 posted on 03/31/2025 9:59:55 AM PDT by jjotto ( Blessed are You LORD, who crushes enemies and subdues the wicked.)
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To: Alberta's Child

Not much.

But that’s part of the point. Trump is using our leverage to actually approach a real free trade stance between the two countries.

Personally I wouldn’t even be that generous. Canada’s position was the result of them being ethnically related to us and the history of being allies in world wars.

But that Canada is really gone now and is determined to be even more gone with a policy of mass third world immigration to triple their population. Such people have no relation to us nor should we extend them any courtesy won by previous generations of White Anglo-Saxon Protestants.

If they want to curtail that activity then perhaps we could let some of the old imbalances stay. Like you said, what do we really care about Canadian cheese markets? Canada is 2% of US trade.

And just FYI, I think Canada should not be the focus. Mexico is the real problem both from a trade and existential basis. Millions of WASP Canadians have not flooded into the US either legally or illegally. They go to Dania Beach or Phoenix for the winter, behave pleasantly and head home come April. There are not entire cities that are now ethnically Canadian, unlike the entirety of Los Angeles which is now the largest Mexican city next to Mexico City itself.


19 posted on 03/31/2025 10:18:06 AM PDT by Regulator (It's fraud, Jim)
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To: SoConPubbie

I don’t know about 100 billion. Been lied to much to trust numbers from the government.

But I don’t care because the long-term amount of taxes collected from the circulation of the currency in the economy here will be enormous. Rather than keeping foreigners employed we need to get good paying jobs back in our country.

And that chicken tax pisses me off. I don’t need a giant truck I need a smaller truck that is more economical to run for my work. I also don’t need a giant price tag for a giant truck that I don’t need.


20 posted on 03/31/2025 11:21:13 AM PDT by jimpick
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