The Hill reports:
White House trade adviser Peter Navarro on Monday dismissed concerns that President Trump’s proposed tariffs on steel and aluminum imports will lead to a spike in inflation or larger economic issues.
“I think if you’re an investor right now at this point in time trying to look at the chess board here, it’s really important to understand that the impact of these tariffs from a macroeconomic point of view are zero,” Navarro said on Fox Business Network’s “Varney & Co.”
“The impact on the inflation rate are just close to zero. It’s like a nothing burger,” he added.