peter navarro is coming up. what is the challenge right now in trying to make this work and not send the economy in a tailspin? >> i think hon evidently we're trying to fix it as fast as possible. tariffs are good for the american people. we demand to be treated the way they treat us. called putting america first but equality and fairness across the globe. we want to continue to do business in a fair manner. we have a different issue. biden's administration was killing chickens and thought it would help the avian flu. now we have an egg problem. we're still correcting problems economically and we need to bounce back. it will take time and we're working really hard at it. >> dana: alina habba, thank you. >> thank you, see you tonight. >> dana: president trump inviting a special group of everyday americans to his joint address tonight. among them the widow of fallen nypd officer jonathan dilhr killed in the line of duty last year by a career criminal. mark fogel. american teacher released from russian prison last

joining us now is president trump's senior counselor for trade and manufacturing peter navarro. first off i want to talk about. >> great to be on set. i just love your your new set here. and congratulations on the morning show. >> thank you very much. we appreciate that. it's been we're a few days in and it's been a very newsy ride so far. >> we hope you'll be a. frequent visitor. we certainly do. >> so speaking of newsy, of course we're all waiting to see what's going to happen with these tariffs. what's going to happen with the call today between trump and trudeau? what can we expect to happen from that call. do you expect a deal to be struck? >> well, the boss says let's see what happens. it's really not my place to get ahead of the president on this. um, what's interesting to me, as i watched all your coverage this morning, is that there was no discussion. for example, uh, when you're talking about tariffs and inflation, that petroleum prices have fallen very significantly and we've had mortgage rates fall very significantly, which are all part. so there's this is a big pict

joining us now peter navarro, white house senior counselor for trade and manufacturing. re you? >> good to see. >> you back in. >> the. >> saddle. >> my buddy. >> thank you. i'm good. i'm lean and mean. i've even lost weight. one thing we hear, even some people come around on this, on tariffs, especially the reciprocal side. one thing i keep hearing again and again, peter, is why canada? why our trading partners in the north, you know, the amount of fentanyl that comes in up there. i don't know that it's literally like, what is it like 40 pounds last year versus thousands of pounds from from mexico. what's what's the canada side of things really about. what are we trying to do there. >> what we're trying to do, joe. >> is save probably. >> over 100,000. >> american lives every year. >> it's interesting to me. >> how we've got just accustomed to hundreds of thousands of americans. dying over the years from fentanyl. but let me explain. >> that it's not just. >> the. >> people out there. >> i mean, everybody. >> is a fentanyl. >> victim, joe. >> everyone in this country. be

book, you write that several members of trump's braintrust, including wilbur ross, steve bannon, peter navarro and stephen miller, wanted trump to be quote, "slapping tariffs like a supermarket clerk firing off price labels." (kevin laughs) i mean, are there tariffs that are unacceptable to you as a economist, a free market economist? they're not all created equal, as we both know. so, you know, make the case for why these tariffs are your good tariffs, not bad tariffs. - right. well, when we started to really dig into trade policy at the beginning of the trump administration, we just started studying, you know, what the chinese were doing with their trade policy, and it was really pretty chilling. it was like they were preparing for war. so, for example, they have pretty much three times the steel capacity that they need. and, you know, steel is really important if there's a war 'cause just about everything that you use in war has got steel in it. and they're, you know, dumping steel into the u.s., trying to put our steel companies out of business. and, you know, maybe it's good to get cheap

we do know peter navarro is here in an hour.of lay out the roadmap for how we can get this thing solved and what sort of pain there could be along the way or not. >> dana: those tariffs on key trading partners could drive up the cost of cars for american consumers, jeff flock from fox business is live at an auto dealership in pennsylvania. what's going on? >> if you look at impacts of the tariffs, the auto industry would be ground zero. why? well, a lot of vehicles are made in either mexico or canada and even the ones that aren't made here like this jeep compass and if you look at it, i think if you look at the sticker you can see this one is made in mexico. sticker price on this $37,000. do the math on the tariffs. just became a $43,000 jeep compass. again, a lot of vehicles made in mexico. look at these other vehicles. stellantis has the ram pickup truck. that's made in mexico. in addition ford, the mustang, gm chevy silverado. what do the dealers think? >> we're afraid. it will have a gigantic impact on our business. >> why?

when we had peter navarro on the air yesterday, he talked consistently about the fentanyl labs in canadada. kevin cason came on with martha in the afternoon, and that's all he talked about. as if to say, we are waiting for you to take action. until you do, we will continue with this stance. >> i think what business wants and why you're seeing market reaction is because business wants clarity. if it is in fact we are going to see heavy tariffs until we actually see a change in the fentanyl coming into america, that's what it is. it is clarity. if we don't have clarity, companies will be unclear in terms of what they are going to terror shareholders, what they will tell investors. i would say the world has become a much more dangerous place. remember during 2020, during the pandemic, we were throwing this pandemic at us. during that time we saw some of the chinese propaganda come out and say maybe we won't send prescription drug components to america when they need it most, when they are sick. we cannot rely on such important things like the underlying components of prescription drugs bein

peter navarro was on this morning.same time, the stock market said we don't know if we like this. now, i think the sequencing thing could have been this. why not wait till tonight's speech when you have millions watching to say this is what i want to do for america. tariffs in my opinion are going to be the way to do it. i can do a lot. congress, i expect you to do something. might take some time but be patient. this is where we're going. it's doing to take time. so sequencing that would have been let me explain it to you and maybe the tariffs happen the day after. instead we have the cart before the horse. >> jeanine: brian, if tariffs are not the answers, what policy should the trump administration to use to counter china's economic aggression? >> brian: they could use tariffs on china. you're in wait and see mode. china is in wait and see. you can see justin trudeau going crazy and mexico overreacting. china says i'll give you a reciprocal tariff back. president president is waiting for president xi to reach back. i

he was referring to the markets being down and tough sledding and peter navarro was on earlier today talking about fentanyl and cracking down on that in the immigration as well. southern border we can talk about a little bit here how much it is closed up in the past four weeks. i mean, it was like flipping a switch and i believe the mexican president is helping on that as well. so there is a lot happening. there is a lot going on but i think regard to zelenskyy. one of the interesting words used in the statement translated to english was regrettable. the trump folks said you have to apologize and i don't know if he will get to that or not, may be. during bret baier's interview 6:00 friday, in the oval office going with trump and vance with no translator and at 6:00 he had a translator sitting to the site appeared to they didn't use him a lot but when bret baier asked him, do you regret, he referred to as translator regarding what that would mean and the translation got back in the interesting choice of words. does zelenskyy for the purpose of this conversation get to the a word, whic

by thursday there was a cease and desist letter to the board overseeing that 41k plan from peter navarro and robert o'brien. and there were two new nominees for the board. a week later that decisiveness moving quickly, the accessibility to be able to bring these things to him. where are one of the reasons i been so supportive and i think our defense acquisition and you know, what do want to call it ecosystem's sclerotic bureaucracy needs the disruption of a commander in chief that, you know, may be unconventional, but also, how to bring in new technologies that may not be with some of the four or five big defense companies. and then finally, there will be a focus on the border. we already talk through kind of the cartels and and that disruption that's going on that's affecting our inner cities, that's affecting from chicago to denver to new york. there will be which is appropriated i'm sure it'll be controversial. the national guard support for that. and then finally, on our industrial base, i've talked to them a lot about shipbuilding and the fact that amongst our many industries like p

other advisers to the president, including peter navarro, have said that this is all about stopping fentanyl trafficking into the united states. the president blames canada, china and mexico for fentanyl coming across the border. but that explanation has problems, too. it's about 2/10 of 1% of all the fentanyl seized coming into this country came from canada, for example, about 43 pounds. that's a carry on suitcase size worth of fentanyl in the last total year. so does that explanation hold up on its own? it's tested as well, jose. so we'll see what the president himself has to say when he addresses this, i'm sure later tonight. but kind of an all of the above approach from the white house in defending these broad moves. >> absolutely. although i'm thinking, garrett, that a carry on sized suitcase filled with fentanyl will kill thousands and thousands of people. dom, just how massive is this and how many repercussions is this going to have? >> oh, so that all remains to. >> be seen, jose, at this point, because what we don't really know. we know how much in terms of goods we traffic between

you've heard peter navarro, the trade adviser to the president, argue that if they do see some real changes stemming the flow of migrants and fentanyl from coming over the border, that perhaps these tariffs will be called off. um, but clearly this is a huge deterioration with allies that we have had. and one thing, of course, i think the real change that we could see is in the reaction that the president and the white house has to how the united states economy is being impacted already over the last couple of days, the last two days, we've seen the stock market drop some 1300 points. we're seeing companies like target saying prices are going to increase. that is something as well that will ignite some sort of reaction from this white house. >> yeah. we see the dow jones industrials down now just today 788 points at least so far. now 790 points. uh, we heard the prime minister elena, cite the wall street journal editorial in today's wall street journal, usually a conservative editorial page. the headline is trump takes the dumbest tariff plunge. and it writes this. we've quoted mr. trump's i

and he surrounded himself with advisers like peter navarro, who bought into this notion for years.it. but eventually, you know, rubber is going to hit the road. and if costs continue to go up, that's a very quick way for a president who has, okay, public opinion numbers to see those tank really fast. keep your eye on the prize. you were elected to bring down costs. and if that's not what your your focusing on and in fact you bring them up, you're going to pay a huge price. >> so courtney, do a fact check for us. how could this latest round of tariffs impact the prices we pay? >> yeah i mean look we saw. >> it happen when. trump was actually in office the first time around. he levied a number. >> of. >> tariffs, not on every product but on many. categories of products. and we saw. >> those. >> prices increase. prices have been actually steadily higher since about 2019. >> we talk a. >> lot. about inflation. and inflation. >> is the. >> rate of change in prices. >> yes. >> that rate of change has gotten lower. >> than it was before. >> but those prices themselves have not come back d

and white house senior trade adviser peter navarro. he joins at 8:40 a.m.e interview you don't want to miss. all right. coming up here on worldwide exchange. more on the fallout over that tense sit down between president trump and zelensky, including the group of zelensky, including the group of stocks getting a big boost this 7 million us businesses rely on tiktok to compete. within a week of posting, i had over $25,000 in sales. i don't have a million dollars to put towards marketing and branding. tiktok was the way and it saved my company. we had a video do really good this week. sales were up 29%. about 80% of my business right now is from tiktok. small businesses thrive on tiktok. tiktok brings in so much foot traffic. i need tiktok to keep growing. we have so much more work to do. drop alert. >> so the deals come to you. >> oops. >> big deals. >> right when you need them. >> car gurus. >> download the app today. >> if you are shopping for a home, you could browse hundreds of listings to find homes with big yards or compare lot sizes all. >> at once. >

white house trade adviser peter navarro accused lumber exporters including canada, germany and brazilmping lumber into our markets. us treasury secretary scott benson says mexico has offered to match us tariffs on china to avoid duties threatened by president trump, with benson calling on canada to follow suit. in an interview with bloomberg, a 25% tariff on goods from canada and mexico is scheduled to come into effect tomorrow at midnight tonight. although trump has indicated the final amount could be different. well, i'm very pleased to have kelly ann shaw with me now partner at hogan lovells and former trump administration official kellyanne, it's great to get you in studio to hear your take on what's been happening in washington. given your experience, you've spent more than a decade as a trade negotiator. you were part of the negotiations in the first trump administration. let me kick off with the events in the white house on friday, that oval office meeting. what do you think president trump was trying to achieve with that confrontation with president zelensky? >> yeah. thank yo

so in terms of price, the price stability that peter navarro promised on squawk box yesterday morning, even through the tariffs, economists broadly are not buying that line. >> it was really interesting to see what happened to the. >> ten year you talked about at the top of the show. it opened. it would for 11 or so closed, i think at 424. that's a pretty big move for a day that maybe you would have thought it might do. the yields might go lower. yeah, right. so that's sort of interesting. but i think this you know we talked about a little. >> yesterday part of what what i think had. >> the economy. >> people excited. >> about the economy was. >> the animal. >> spirits being released. no regulation, fewer regulations and a very pro-business environment. so this is throwing a whole bunch of wrenches into the mechanics of that. and so i think it does. >> weigh on. >> ceos, particularly ones who are involved in, you know, we talk about gm as an example of a complicated supply chain that's going to really that's going to be difficult to manage with tariffs from mexico. >> and canada and.

peter navarro on squawk a few moments ago talked about what the treasury secretary mentioned on friday. >> and that is. >> this notion. >> that inflation will get down to target. >> maybe sooner. >> than some expect. peter's point was. that in comparison to drill, baby drill and some of the other efforts to bring down. >> inflation. >> that any inflationary impact from tariffs. >> would be, in his words, second. >> order small. we'll see. >> so here's the thing that. >> so for. >> tariffs to work right. >> what they. >> want to do is spur american manufacturing right. prioritize american. goods over foreign goods because. foreign goods will get more expensive. so you kind of have to have inflation to do that right. you have to have those tariffs being. >> passed on. >> by the importers to prioritize domestic goods. >> so it's a little hard for me to understand. >> how you can not have inflation on tariffs and how they can also spur manufacturing in this country. and also prioritization of domestic products. i think that remains to be seen. but scott bessent, the treasury secretary out