Trump trade aide Peter Navarro denies tariff plans will spur inflation [Video]

Peter Navarro, who is set to become the top trade advisor to President-elect Donald Trump, contended Tuesday that Trump’s plans for broad tariffs and steep tax cuts will not spur inflation or raise deficits, despite warnings from some experts.

Navarro said Trump’s first term in the White House proved his point.

“We put on significant tariffs on China, steel, aluminum, dishwashers, solar, a lot of increased countervailing duties to stop the dumping,” Navarro said on CNBC’s “Squawk Box.”

“We had zero inflation from any of that,” he said.

Trump imposed tariffs on China during his first term. President Joe Biden‘s administration kept many of them in place.

“So I would say that just go back and play all the interviews that were done on CNBC of people back in the first term with their hair on fire, worrying about inflation,” said Navarro.

“It never happened, and it’s the same movie this time,” the 75-year-old China hawk added.

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