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Navarro’s Nobel Economics Pitch for Trump Draws Mockery and Skepticism

He argued that tariffs have drawn foreign investment into American industries despite warnings from economists that trade barriers hike consumer prices.

"WASHINGTON, DC - MARCH 29: Director of the National Trade Council Peter Navarro looks on as President Donald Trump meets with supply chain distributors in reference to the COVID-19 coronavirus pandemic, in the Cabinet Room in the West Wing at the White House on Sunday, March 29, 2020. (Photo by Pete Marovich-Pool/Getty Images)"
White House trade counselor Peter Navarro walks to the West Wing, Thursday, July 10, 2025, in Washington.

Overview

  • Navarro proposed on Maria Bartiromo’s Fox Business show that President Trump deserves a Nobel Prize in economics for reshaping global trade rules.
  • He claimed Trump’s tariff threats have spurred foreign companies to invest in U.S. manufacturing and agriculture.
  • Economists countered that retaliatory tariffs typically raise costs for consumers and offer limited long-term benefits.
  • Users on Bluesky ridiculed Navarro’s praise, labeling his comments “pathetic” and satirically suggesting prizes for literature and even pedophilia.
  • The episode underscores the clash between the administration’s protectionist stance and prevailing expert views on the efficacy of trade wars.