Trump Navaro’s trading advisor pushes off US GDP

White House Trade Advisor Peter Navaro canceled anxiety on Wednesday over an unexpected fall American gross domestic product In the last quarter, saying, “We really like where we are now,” and we point to a surge of new domestic investments.

“I have to say only one about today’s news, this is the best negative print that I saw in my life,” Navaro said at CNBC “Shkvak on the street“Subsequently Department of Trade GDP reported that GDP decreased by 0.3% year -on -year in the first quarter of 2025.

“Markets should, for example, look under this surface,” said Navaro, an avid presidential supporter Donald TrumpTariff policy.

“We had a 22% increase in domestic investments,” he said.

“This is excluded from the schedules when you deprive stocks and negative implications of import growth from the tariffs, you had 3% growth,” Navarre said.

“So we really like where we are now,” he added.

The main indexes on the stock market were reduced in the morning trades on the heels of GDP reports, which seized economic data from the first two full months of Trump’s second term in the White House.

This is not the first time Navaro has rejected concern about Trump’s harmful influence on the US economy.

Earlier this month, Navaro called the large -scale market on April 10, which was fueled by the wide new Trump tariffs as “nothing wrong”.

On the day, Dow Jones Industrial Medium -level decreased more than 1000, and the US S&P 500 shares lost 3.46%.

So far this year, the S&P 500 has decreased by more than 7%.