The White House commercial advisor, Peter Navarro, ruled out the concerns on Wednesday about the unexpected fall in the Gross Domestic Product of the USA. UU. The last quarter, saying: “We really like where we are now”, and pointing to an increase in the new national investment.
“I have to say only one thing about today’s news, that’s the best negative impression I have seen in my life,” Navarro said in “Squawk on the street” by CNBC after the Commerce Department He informed that GDP fell at an annualized rhythm of 0.3% in the first quarter of 2025.
“The markets must, such as looking under the surface of that” figure, “said Navarro, a burning defender of the tariff policy of President Donald Trump.
“We had a 22% increase in national investment,” he said.
“That is out of the lists when you eliminate inventories and negative effects of import increase due to rates, you had a 3%growth,” Navarro said.
“So, we really like where we are now,” he added.
The main indices of the stock market fell into the morning trade after the GDP report, which captured economic data of the first two full months of Trump’s second mandate in the White House.
This is not the first time that Navarro has ruled out concerns about the harmful effect of Trump’s policies on the US economy.
Earlier this month, Navarro described a massive fall in the April 10 market that was fed by the fears of Trump’s new tariffs as “is not a big problem.”
That day, the Dow Jones industrial average fell more than 1,000 points and the S&P 500 reference index of US actions lost 3.46%.
So far this year, the S&P 500 has dropped more than 7%.
