President Donald Trump launched a video of White Home Senior Counselor for Commerce and Manufacturing Peter Navarro explaining the historical past behind tariffs.
In a put up on Fact Social, Trump posted a video during which Navarro defined how individuals comparable to Alexander Hamilton and Henry Clay have advocated for tariffs all through the historical past of the US. Navarro famous how Hamilton believed that the U.S. “wanted tariffs to defend its younger industries from British domination.”
“April 2, 2025, will perpetually be remembered because the day American business was reborn, the day America’s future was reclaimed, and the day that we started to make America rich once more,” Trump says initially of the video.
Navarro then begins to clarify that Trump “imposed tariffs on international locations around the globe.”
“Trumpnomics’ purpose will not be solely to scale back America’s commerce deficit, it’s to defend American staff and factories towards unfair commerce practices, whereas encouraging trillions of {dollars} in funding in new American plant and tools,” Navarro says. “The coverage is working for America, and nobody needs to be shocked by this.”
“It’s because earlier than the tariff grew to become synonymous with President Donald Trump, generations of American statesmen constructed the inspiration for as we speak’s America First agenda,” Navarro continued. “Their concepts have been rooted in three core ideas: sovereignty, safety, and the safety of American staff. Financial nationalism, also called financial populism, isn’t new. It’s a return to the confirmed financial mannequin that constructed the best industrial energy in world historical past.”
Navarro continued to clarify how Alexander Hamilton was the “unique architect of American financial nationalism.”
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