This is the news everyone was waiting for. The Trump administration has eased everyone’s minds.
And the White House just made an announcement that has Americans breathing a sigh of relief.
White House Trade Adviser Peter Navarro Predicts Economic Boom Amid Tariff Turmoil
In an appearance on Fox News’ Ingraham Angle Monday night, top White House trade adviser Peter Navarro delivered a staunch defense of President Trump’s economic policies, confidently asserting that the United States is poised for a historic boom rather than a bust. Despite a rocky stock market and growing unease on Wall Street following Trump’s recent “Liberation Day” tariff announcement, Navarro dismissed recession fears and promised a bright financial future.
“It’s finding a bottom now,” Navarro told host Laura Ingraham, referring to the sharp stock market decline that has rattled investors. The S&P 500 nosedived 10.5% in just two days last week—the steepest two-day drop since March 2020—while the Dow Jones Industrial Average shed over 300 points on Monday alone, sliding more than 10% from its December peak.
Even the Nasdaq Composite, though slightly up on Monday, officially entered bear market territory, as Reuters reported, with a decline of 20% or more from its all-time high.
Yet Navarro painted an optimistic picture, arguing that the market’s woes are a temporary stumble on the path to recovery. “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,” he said. “Those are the ones going to lead to recovery, and it’s going to happen.”
The White House official didn’t stop there, doubling down with two eye-popping predictions: “Dow: 50,000, I guarantee that, and I guarantee no recession.”
His confidence hinges on the belief that Congress will soon greenlight Trump’s ambitious economic blueprint, which includes axing taxes on tipped wages and overtime pay while locking in tax cuts from the president’s first term.
“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,” Navarro explained.
He also waved off worries about rising prices, claiming, “There’s not going to be any inflation.” Navarro pointed to a steep plunge in oil prices—“a huge drop,” in his words—as a cushion against inflationary pressure, predicting it could shave a full point off the inflation index. Lower yields and mortgage rates, he added, would further bolster the economy.
Navarro’s rosy outlook stands in stark contrast to warnings from some of the nation’s top business minds. BlackRock CEO Larry Fink, speaking at the Economic Club of New York on Monday, painted a grim picture, noting, “Most CEOs I talk to would say we are probably in a recession right now.”
By definition, a recession marks a sustained dip in economic activity, often signaled by two straight quarters of shrinking GDP.
Wall Street’s jitters stem largely from Trump’s bold tariff plan, which has sent shockwaves through global markets, though its long-term impact remains uncertain.
Navarro, however, brushed aside such concerns, framing the tariffs as a necessary jolt to rebalance trade. He revealed that foreign leaders are scrambling to negotiate, pleading with the White House to dial back the levies.
They’re “saying ‘We want to talk. We’ll lower our tariffs to zero if you’ll lower yours,’” Navarro recounted. But he argued they’re missing the point.
Take Vietnam, he said, which faces a 46% tariff and exports “$15 for every $1 we sell them.” Even if tariffs dropped to zero, Navarro contended, “Zero tariffs would get us no reduction in the $123 billion deficit we have,” noting that “$5 of that $15 they sell us … It’s China.”
He jabbed at these nations, adding, “They don’t buy anything ours and they want to go to 0-0.”
As the dust settles from Trump’s tariff rollout, Navarro’s unwavering faith in an economic surge—complete with a Dow soaring to 50,000—sets the stage for a high-stakes showdown between White House optimism and the stark realities of a volatile market. Only time will tell if his guarantees hold water or if Wall Street’s fears prove prescient.
Stay tuned to the Conservative Column.
