Navarro: ‘I guarantee no recession, okay?’
by Filip Timotija - 04/08/25 8:01 AM ET
White House senior trade adviser Peter Navarro attempted to assure the American public that the country will not plunge into a recession sparked by President Trump’s recent sweeping tariffs, suggesting Wall Street’s 500 biggest corporations will lead the economic turnout.
Navarro said the market is “finding a bottom now. It’s finding a bottom now, but it … look, here’s the thing … it’s going to shift over and it’s going to be companies in the S&P 500 who are the first to produce here. Those are the ones are going to lead the recovery.”
“And it’s going to happen, Dow 50,000, I guarantee that, and I guarantee no recession, okay? Why? Because when we pass the biggest, broadest tax cut in history within a matter of months, that’s going to be a great stimulus,” he said Monday during an appearance on Fox News’s “The Ingraham Angle.”
“There’s not going to be any inflation,” Navarro told host Laura Ingraham. “We’ve already had a significant drop, a huge drop in oil prices, Laura. That’s like a point off the CPI. We’re going to have lower yields and mortgage.”
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https://thehill.com/homenews/administration/5237477-peter-navarro-recession-donald-trump-tariffs/
