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Peter Navarro: “In the Trump administration, inflation is trending below 2%.”

Featuring: Peter Navarro, Republican | Senior Counselor for Trade and Manufacturing, Trump Administration | National

FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.'

Published September 2, 2025 | Video Starts at 01:56

That's just, that's just death knell for blue collar workers. So far we're up 1.4% in annually, second fastest in American history. And every single month real wages have gone up. In the Trump administration, inflation is trending below 2%. So that's incredibly stellar performance. What else can I tell you? Well, if you look at the big beautiful bill, here's what's coming. (01:56–02:01)

CLAIM

Asserts that inflation is trending below 2% during the Trump administration.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Peter Navarro

“During the Biden regime, you had 26 straight months where inflation rose faster than wages.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 01:35-01:40
“$8 trillion have come into this country in terms of pledged investment.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 02:41-02:49
“The effect of costing this country millions of jobs, over 100,000 factories.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 07:05-07:14
“The trade deficits [are] $1.3 trillion a year.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 07:50-07:58
“India literally is the maharaja of tariffs. It has the highest tariffs of any major country in the world.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 11:22-11:30
“The de minimis Louis loophole is insane. No country in the world has an $800 limit where anything can come in below $800.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 19:23-19:36
“It's the single highest source of narcotics and, and fentanyl being smuggled across the borders.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 20:09-20:19
“2.5 million jobs [were created] since President Trump took office for American born citizens.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 00:44-00:53
“We're going to have an average of $15,000 tax cuts for blue collar in middle America.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 02:09-02:17
“$63 billion in benefits for no tax on overtime for seniors.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 02:18-02:25
“No tax on tips, no tax on overtime is going to mean $1,500 a year more in the pockets of service workers.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 02:24-02:35
“If the lower court's ruling is upheld, President Trump has correctly said that will be the end of the United States.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 03:30-03:39
“It's unconscionable that Communist China, in league with the Mexican and Canadian drug cartels, are killing Americans with fentanyl.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 06:18-06:30
“It's over a million since the fentanyl war against America started.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 06:38-06:43
“Countries around the world have done exploiting their mercantilism is take apart key aspects of our supply chains.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 07:18-07:29
“We're exposed by that debt to blackmail from other countries, including Communist China, which holds a lot of our debt.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 08:02-08:11
“Tariffs constitute regulation of importation. Would it qualify as a form of regulating imports? And yes, of course it will.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 08:29-08:41
“Neither Howard Lutnick, Jameson Greer, Scott Bessant myself, or the President himself ever said that these tariffs were permanent.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 09:14-09:24
“The tariffs have helped start to stem that flow [of fentanyl].”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 09:23-09:34
“Every single year we have to revisit these tariffs with Congress.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 09:46-09:52
“President Trump has said correctly, if the court does not uphold the Trump tariffs, it will be the end of this country.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 10:17-10:28
“India, for all practical purposes, did not buy any oil to speak of from Russia before Russia invaded Ukraine in February 2022.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 12:16-12:26
“India charges the highest tariffs in the world, has the highest non tariff barriers.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 13:23-13:29
“We have now 50% tariffs on India.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 15:14-15:18
“It's over 50% total on China.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 15:24-15:27
“Historically, India has been in a cold war with communist China for decades.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 16:02-16:10
“China now is using India as a big transshipment hub for all sorts of products to avoid the Chinese tariffs.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 17:05-17:15
“This de minimis loophole has been one where counterfeits and pirated goods are coming in.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 20:01-20:10
“China could send these things in, they'd steal a design, send them in.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 21:16-21:22
“They'd send them in through De Minimis.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 21:21-21:23
“They could send a mug for half the price [than] Mighty Mug could send to the house next door.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 21:33-21:37
“We've had a tremendous influx of investment.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 21:59-22:03
“The third party is the one that actually does it that's the foreigners who export to us.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 22:25-22:32
“Countries that rely most heavily on us... have no choice other than to lower their prices when we raise our tariffs.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 22:41-23:04
“We don't see inflation coming in.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 23:04-23:08
“Domestic industry, the businesses are elated with the protection we're giving them.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 23:09-23:16
“Celebrate the revival now of our steel and aluminum industries which in tariffs itself.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 23:20-23:24
“China ate the whole damn thing and they're going to do it again.”
FULL GAGGLE: Navarro Says Trump's Tariffs Being Taken Down In Court 'Will Be The End Of The U.S.' | Uploaded September 2, 2025 | 23:51-23:55