What did Peter Navarro predict about the economy in March 2025?
Peter Navarro, White House senior counselor for trade and manufacturing ·
In addition, the other tariffs are going to raise about $600 billion a year, about $6 trillion over a 10-year period, and we're going to have tax cuts.
$330B in first 12 months; peak ~$397B/yr
Navarro said the other tariffs would raise about $600 billion a year. All tariffs combined raised $330 billion in the year from April 2025, and the peak month's pace was about $397 billion a year.
Gross customs duties from all tariffs, including pre-existing duties and the auto tariffs Navarro counted separately at $100 billion, totaled $330 billion from April 2025 through March 2026. Even the peak month, October 2025 at $33.1 billion, works out to about $397 billion a year; the 10-year total cannot be judged before 2035 (Treasury Monthly Treasury Statement, Table 4).
Prediction vs. outcome · Economy
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- Interview with Shannon Bream on Fox News Sunday.