Navarro On Rebuilding Trump's Tariff Regime

• The Trump administration is implementing new tariffs (10-12.5%) on 60 economies, including the EU, citing violations of forced labor laws and industrial overcapacity, aiming to level the playing field for American businesses.
• Navarro criticizes the EU's digital taxes on major US tech companies (Google, Meta), viewing them as discriminatory 'piggy bank' tactics that warrant retaliatory tariffs.
• Navarro strongly advises the Federal Reserve against raising interest rates in response to the current energy price shock, arguing that such a move would induce a recession rather than effectively combat supply-side inflation.

Peter Navarro discusses the Trump administration's strategy to rebuild its tariff program, targeting unfair trade practices like forced labor and industrial overcapacity, particularly from China and the EU. He defends new tariffs and criticizes the EU's digital taxes on US tech companies, while also advising the Federal Reserve against raising interest rates during an energy price shock.