While doomsayers predict economic collapse, White House senior trade adviser Peter Navarro boldly guaranteed Americans will see no recession due to President Donald Trump’s strategic tariffs.
Instead, Navarro foresees a surging market that will reach unprecedented heights as America reasserts its economic dominance on the global stage.
Speaking on Fox News, Navarro delivered a clear message to Americans concerned about recent market volatility following President Trump’s sweeping tariff announcements.
The senior White House trade counselor did not mince words when addressing fears of an economic downturn.
Fox News host Laura Ingraham asked Navarro, “When do you think the market might turn around?”
“It’s finding a bottom now…Dow: 50,000, I guarantee that, and I guarantee no recession,” Navarro stated confidently during his appearance.
His assurance comes as Wall Street has experienced turbulence in response to President Trump’s decisive action on unfair trade practices that have disadvantaged American workers for decades.
Navarro dismissed market jitters as temporary, explaining that the economy is simply “finding a bottom now” before an inevitable upswing.
According to the adviser, large American corporations in the S&P 500 will lead the economic recovery by bringing production back to American soil – a key goal of Trump’s America First economic strategy.
The Trump administration’s economic forecast starkly contrasts pessimistic predictions from establishment figures.
BlackRock CEO Larry Fink claimed, “Most CEOs I talk to would say we are probably in a recession right now.”
Such doom-and-gloom predictions echo similar failed forecasts from Biden-era economists who consistently underestimated the resilience of American businesses under President Trump’s leadership.
Navarro’s optimism is grounded in several economic factors that critics conveniently ignore.
He pointed to anticipated congressional support for President Trump’s economic agenda, which includes tax cuts that will stimulate growth.
Additionally, Navarro highlighted expected drops in oil prices alongside lower yields and mortgage rates that will benefit American consumers.
President Trump himself has urged Americans to remain patient during this transition period, suggesting the nation stands on the verge of achieving something truly significant.
The president has also rebuked Republican critics like Sen. Rand Paul, who warned that tariffs could politically harm the GOP.
President Trump sees such criticism as disloyalty at a moment when party unity is essential to implementing his bold economic vision.
Foreign leaders are already attempting to negotiate tariff reductions, proving that the president’s strategy is working.
Navarro emphasized that the real focus should be on addressing trade deficits and non-tariff cheating, citing Vietnam as an example.
This demonstrates that President Trump’s aggressive stance is already forcing other nations to the negotiating table on more favorable terms for American workers.
