Staff Reports
In a bold move that has the liberal elite squawking, President-Elect Donald Trump is gearing up to implement a series of tariffs that, according to incoming trade advisor Peter Navarro, won’t send inflation into the stratosphere. Instead of causing financial chaos as predicted by alarmists, Navarro asserts that America experienced “zero inflation” from previous tariffs on Chinese products, including steel, aluminum, and even dishwashers. Apparently, forgetting the past is a common trait among those who routinely grab their calculators and predict economic doom every time Trump takes a breath.
Navarro wasn’t shy about reminding audiences that worries surrounding inflation during Trump’s first term were all hype and no substance. Despite the media frenzy, prices didn’t skyrocket as predicted by the talking heads on CNBC. In fact, it’s almost poetic how the same anxiety-ridden predictions have resurfaced, only to meet the same piteous fate. The “sky is falling” narrative has been played out, and much like a well-loved movie, it seems destined to flop again this time around.
Peter Navarro, who is poised to serve as the chief trade advisor to President-elect Donald Trump, shared an optimistic outlook for the economy under the new administration on Tuesday.
He confidently stated that Trump's initiatives, including broad tariffs and substantial tax… pic.twitter.com/YqYEpSDbrx
— AɯƙɯαɾԃMαɱα™® (@AwkwardMamaNews) December 17, 2024
Breitbart News has already set the record straight: tariffs during Trump’s presidency didn’t correlate with inflation despite the record-breaking economic surge that emerged when the economy was free from excess government intervention. The so-called experts at the Economic Policy Institute chime in with their extensive analysis, throwing cold water on the idea that tariffs were to blame for ballooning prices. According to them, inflation really kicked off only after Biden took the reins, with tariffs merely lingering in the background, looking negligible in comparison to the multitude of factors driving up costs.
Surveys conducted post-Trump’s victory reveal that business executives seem refreshingly unconcerned about the impact of additional tariffs on their bottom lines. They have their sights set on navigating a landscape laden with challenges, yet they aren’t clutching their calculators in a panic over tariffs. This hardly paints the picture of a looming cost crisis that the left would lead everyone to believe.
Even the United Steelworkers chimed in during 2022, debunking the myth that tariffs on imports were the primary culprit behind inflation spikes. Their feedback to lawmakers was clear: Tariffs have been in place for years and are not behind the current economic woes. Ignoring the economic chaos that has unfolded under Biden, it’s refreshing to have industry groups confirming that tariffs aren’t the monster lurking under the bed but rather a useful tool in reclaiming American industry and protecting jobs from overseas competitors. The narrative is clear: it’s time to cut through the confusion and stand firm against the relentless tide of economic misinformation.
