Part 4/6:
Strengthening the Dollar Through Trade Policies
Navarro elaborated on the impact of bringing manufacturing jobs back to the U.S. and reducing the trade deficit, which he believes will bolster the dollar. Importantly, he highlighted that tariffs—far from being the economic downfall opponents claim—actually resulted in minimal inflation during Trump’s first term. He insists these tariffs generate significant revenue that enables tax cuts and economic growth.
In highlighting the unfair trade practices from other nations, Navarro notes the excessive tariffs imposed on American goods by countries like Japan. He emphasizes the imbalance, saying American manufacturers are at a competitive disadvantage when trying to sell their products abroad, particularly vehicles and agricultural products.