Peter Navarro Vows Historic ‘Biggest Rebate’ for Americans During Trump Administration
White House senior counselor Peter Navarro discusses Trump’s ‘Goldilocks’ economy, citing low inflation, rising wages, and job growth. He also addresses the Supreme Court’s tariff decision, the White House strategy for AI’s impact on jobs, and more.
White House Senior Counselor for Trade and Manufacturing, Peter Navarro, recently praised what he termed a “Goldilocks economy” under President Donald Trump, promising Americans the “biggest rebate” in U.S. history.
Navarro stated, “When Americans get those rebate checks on tax day, that’s going to be the biggest rebate and broad-based in American history.” He expressed optimism about the economic outlook for 2026, saying, “Unless the geopolitics get in the way, it’s shaping up to be beautiful.”
During an appearance on Fox News’ “Sunday Morning Futures,” Navarro highlighted recent economic data indicating a decline in inflation alongside increases in job growth and wages. The consumer price index (CPI) rose by 2.4% over the past year, surpassing expectations and marking an eight-month low in inflation.
TRUMP SPEECH SPARKS OPTIMISM AS ‘GANGBUSTER’ ECONOMY FORECASTED FOR 2026
Peter Navarro, White House senior counselor for trade and manufacturing, speaks to members of the media outside the White House in Washington, D.C., on Thursday, May 8, 2025. (Bonnie Cash/UPI/Bloomberg via Getty Images / Getty Images)
Navarro asserted, “This is happening because of tariffs, not in spite of them, as the critics would say. If there were any tariff inflation, it would show up in the core. It’s simply not doing that.” He expressed confidence that “everything is hitting on all major cylinders, and the best is yet to come.”
His comments come as the Supreme Court deliberates on Trump’s use of emergency tariffs, with a ruling expected soon. This decision will clarify whether the president can impose tariffs without further congressional approval.
BANK OF AMERICA CEO SEES STRONGER 2026 ECONOMY, SAYS WALL STREET MAY BE UNDERESTIMATING GROWTH
President Donald Trump speaks during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025, in Washington, D.C. (Chip Somodevilla/Getty Images / Getty Images)
The administration has long defended Trump’s tariffs as a means to bolster domestic manufacturing, reduce dependence on foreign supply chains, and address what officials describe as unfair trade practices by other nations.
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Former Deputy Assistant Attorney General John Yoo joins ‘Varney & Co.’ to discuss why the Supreme Court may be delaying its decision on President Donald Trump’s tariffs and the legal uncertainty surrounding the case.
Navarro reiterated his defense of the administration’s policies, highlighting a resurgence in U.S. manufacturing. “We had the ISM manufacturing index, which is dear to my heart, because I’m the counselor for trade manufacturing. That’s showing a very robust final jump in manufacturing,” he said.
White House senior counselor Peter Navarro discusses Trump’s ‘Goldilocks’ economy, citing low inflation, rising wages, and job growth. He also addresses the Supreme Court’s tariff decision, the White House strategy for AI’s impact on jobs, and more.
White House Senior Counselor for Trade and Manufacturing, Peter Navarro, recently praised what he termed a “Goldilocks economy” under President Donald Trump, promising Americans the “biggest rebate” in U.S. history.
Navarro stated, “When Americans get those rebate checks on tax day, that’s going to be the biggest rebate and broad-based in American history.” He expressed optimism about the economic outlook for 2026, saying, “Unless the geopolitics get in the way, it’s shaping up to be beautiful.”
During an appearance on Fox News’ “Sunday Morning Futures,” Navarro highlighted recent economic data indicating a decline in inflation alongside increases in job growth and wages. The consumer price index (CPI) rose by 2.4% over the past year, surpassing expectations and marking an eight-month low in inflation.
TRUMP SPEECH SPARKS OPTIMISM AS ‘GANGBUSTER’ ECONOMY FORECASTED FOR 2026
Peter Navarro, White House senior counselor for trade and manufacturing, speaks to members of the media outside the White House in Washington, D.C., on Thursday, May 8, 2025. (Bonnie Cash/UPI/Bloomberg via Getty Images / Getty Images)
Navarro asserted, “This is happening because of tariffs, not in spite of them, as the critics would say. If there were any tariff inflation, it would show up in the core. It’s simply not doing that.” He expressed confidence that “everything is hitting on all major cylinders, and the best is yet to come.”
His comments come as the Supreme Court deliberates on Trump’s use of emergency tariffs, with a ruling expected soon. This decision will clarify whether the president can impose tariffs without further congressional approval.
BANK OF AMERICA CEO SEES STRONGER 2026 ECONOMY, SAYS WALL STREET MAY BE UNDERESTIMATING GROWTH
President Donald Trump speaks during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025, in Washington, D.C. (Chip Somodevilla/Getty Images / Getty Images)
The administration has long defended Trump’s tariffs as a means to bolster domestic manufacturing, reduce dependence on foreign supply chains, and address what officials describe as unfair trade practices by other nations.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Former Deputy Assistant Attorney General John Yoo joins ‘Varney & Co.’ to discuss why the Supreme Court may be delaying its decision on President Donald Trump’s tariffs and the legal uncertainty surrounding the case.
Navarro reiterated his defense of the administration’s policies, highlighting a resurgence in U.S. manufacturing. “We had the ISM manufacturing index, which is dear to my heart, because I’m the counselor for trade manufacturing. That’s showing a very robust final jump in manufacturing,” he said.
