Trump advisor Peter Navarro hypes stocks a day after calling tariff-driven plunge 'no big deal'

Dan Mangan - CNBC - 11/04
The S&P 500 is down more than 12% since President Donald Trump reentered the White House and launched a trade war with China.
Senior trade adviser Peter Navarro attends an interview with CNN, at the White House, in Washington, D.C., U.S., April 10, 2025. 
Evelyn Hockstein | Reuters

President Donald Trump's trade advisor Peter Navarro on Friday encouraged Americans to buy stocks one day after dismissing a steep market drop fueled by fears of a tariff-induced slowdown as "no big deal."

Navarro predicted market gains will result from Trump's proposed U.S. tax cuts, and from potential trade deals with countries seeking to avoid higher tariffs he has threatened.

"Let me just say, ninety deals in ninety days, biggest, broadest tax cut in American history should be driving the tape," Navarro said in an interview on Fox Business Network. "That's what's going to be a bullish market."

"If you're not long, you're going to get left behind," he added.

Navarro's comments echo those from Trump ...
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