Why is President Trump using tariffs to negotiate deals?

0:00 Speaker 1 Sunday Morning. With us today is Peter Navarro. He’s a senior consulor of President Trump on trade and manufacturing, and he’s been doing a great job. And I’ve seen you in other news channels and and you look great, Peter.

0:19 Speaker 2 You know, clean living. When you have sarah trade, your health gets better for this country. So I’m just benefiting from that, Johnny.

0:26 Speaker 1 Peter, give us a projection, give us your outlook of how these deals coming along. And it’s Sunday morning. The American people are are evaluating things of what they do with, what they’re gonna do, and what they’re gonna invest in.

0:44 So just give us your outlooks So.

0:47 Speaker 2 Here, here’s the big picture. We live in a world where, by the rules of the international road, every country and the rest of the world gets the screw America. They do it through both higher tariffs and higher non tariff barriers.

1:05 The result has been the export of our factories and jobs, as well as the accumulation every year of trillions of dollars of new debt. We basically run up at one point three trillion dollar trade deficit. That’s like hand and money to foreigners who can come back and buy America and over the past several decades of unfair trade that

1:31 has added up to a full eighteen trillion dollars of wealth that’s been robbed from the United States. What President Trump is doing is using tariffs and tough trade policies to level the playing field. The tariff revenues we’re going to get are going to pay for tax cuts in the big beautiful tax bill and beyond, so that’s really important.

2:01 We get less reliant on the income tax, we gather tariff revenues, and people get lower taxes, more jobs, and more factories. At the same time, we’re able to reduce both our debt and trade deficit, which is good. So where things stand now is that we are engaged in negotiations with every country in the world. Every major country

2:28 has come to the table. We’ve got to deal with the UK. There’s others on the horizon. They are going to come over the next several weeks and months, and we have to stand tall and firm because everybody’s cheating us, and they’re doing it in a big way. The European Union, for example, charges us four times higher and tarris for autos,

2:55 and they sell us something like seven more autos to everyone sell lamb. It’s not because our cars are beds, because they cheat India’s the Maharaja of Tariffs were dealing with them. Vietnam. We run a very large trade deficit, and that part of the problem there is that China is evading American tariffs by running stuff through Vietnam. So

3:21 this is like a full spectrum battle with the world in terms of level in the playing field, and.

3:29 Speaker 1 We’re trying to get a fair field. I mean President Trump, he was a businessman all his life, and he was a great business man, so he understands what it is not to pay the right price.

3:43 Speaker 2 He does indeed, and I think the turning point for him was that fascinating appearance he made on Oprah Winfrey back in the eighties when he was the first leader in America to expose what was then the Japanese exploitation of our markets. China came along and they did things ten times worse than Japan. But we’ve got to do

4:12 this because if we do not, we will wind up and poverished with a massive trade and budget deficit, and we won’t own our country anymore. Foreigners will own our country. Down Street understands this. Main Street Wall Street is they want to shove down our throats, the open borders, cheap labor offshoring of our jobs. But Main Street gets.

4:40 Speaker 1 This Peter for you to know, because nobody else knows when we’re bringing all those migrants and immigrants, there’s a chance you might get a mayor in New York City that hates everybody else. Well. I just had that big discussion with Hank Shankov, one of the Democratic strategists that loves the city and is.

5:05 Speaker 2 Concerned, Well, New York City has to make a choice. Is it going to be a sanctuary city full of murderers, rapists, burglars, and just a flood of immigrants driving down the wages of hard working Americans? Or is it going to be the great city that it used to be and is struggling to be now because of this crush of immigrant labor.

5:37 I mean, look, when when I go to New York these days, it’s it’s it’s far more dangerous than it was days have gone, and that’s not Look, that’s not good for anybody. That’s the big issue. The marriage race is going to be very interesting, very interesting.

5:55 Speaker 1 We’re going to find out who New York belongs to, does it belong to the Zorro people, or does it belong to common sense?

6:04 Speaker 2 It boggles my mind how New Yorkers are electing some of the people that they elect and then wind they wind, we wind up with a with a much more crime ridden, dangerous city. That’s that’s filthy, and it’s like, okay, uh, you got to blame the voters for that. I mean, the voters are the ones who put these people in office.

6:32 I don’t know. It’s we had a landscride victory for Donald John Trump nationally. Uh, A lot of the Democrats and and most of the Independent’s got the memo that Trump Trump world is a far more safer and prosperous world will live in than Democrat world. But New York and the rest of the state there hasn’t quite got

6:56 the message in New York. And it’s going to be interesting. Voters are gonna have to make the change. Johnny.

7:03 Speaker 1 It’s absolutely correct. Peter Navarro, we’re at a time. Thank you for coming on this Sunday morning, and uh, bring everybody up to date and we’ll catch up again real soon.

7:15 Speaker 2 All right, my friend, take care, Thank bye, bye bye bye.