Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Tebboune: Achieving economic integration must not remain a dream.
Algerian Foreign Minister Ahmed Attaf delivers a speech on behalf of Algerian President Abdelmadjid Tebboune at the Fifth Arab Development, Economic, and Social Summit in Baghdad.
Mustafa: We reaffirm our commitment to work with our brothers and friends around the world for stability and an end to wars.
Palestinian Prime Minister Mohammad Mustafa: We stress the importance of reaching an agreement to implement the initiatives of the Development, Economic, and Social Summit.
Aboul Gheit: The global economy is going through a period of turbulence.
Aboul Gheit: Concrete solutions must be found for the issue of Arab food security in line with the strategy proposed at the Arab Summit in Baghdad.
Aboul Gheit: Arab national security is an integrated whole that cannot be achieved without food, social, cyber, and other forms of security.
Arab League Secretary-General Ahmed Aboul Gheit: We present a comprehensive Arab strategy for food security at the Arab Development Summit.
The closing statement of the Arab Summit: We reaffirm our absolute rejection of the displacement of the Palestinian people and call for the delivery of aid to the Gaza Strip.
The closing statement of the Arab Summit: The goal of the Arab Summit is to unify our efforts and achieve the interests of the peoples of our region.

$6 trillion in US revenue from tariffs over a decade, Navarro claims

  • By Al Mayadeen English
  • Source: Agencies
  • 30 Mar 2025 20:39
3 Min Read

Navarro identified the automotive sector as a key source of this projected revenue, explaining that "by imposing car tariffs alone, the country will be able to secure about $100 billion."

Listen
  • x
  • White House trade adviser Peter Navarro speaks to reporters at the White House in Washington, Wednesday, March 12, 2025. (AP Photo/Ben Curtis)
    White House trade adviser Peter Navarro speaks to reporters at the White House in Washington, Wednesday, March 12, 2025. (AP)

US Senior Counselor for Trade and Manufacturing Peter Navarro announced on Sunday that the federal government could raise up to $600 billion annually through import tariffs, ultimately generating $6 trillion over the next decade.

"The ... tariffs are gonna raise about $600 billion a year — about $6 trillion over a 10-year period," Navarro stated in an interview with Fox News.

He identified the automotive sector as a key source of this projected revenue, explaining that "by imposing car tariffs alone, the country will be able to secure about $100 billion."

Alongside the tariff plans, Navarro previewed new legislation aimed at strengthening the US auto industry by incentivizing consumers to purchase American-made vehicles.
"The US administration will work towards a new bill to provide tax benefits and tax credits to those who buy US-made cars instead of imported vehicles," he said.

Related News

Trump signals new US tariffs, warns trading partners of imminent hikes

China slams UK trade deal with US: FT

Tariff Surge

This revenue forecast builds on a series of aggressive trade measures already introduced by the Trump administration. On February 18, President Trump signed an executive order imposing a 25% tariff on imported steel and aluminum, which went into effect on March 12. Tariffs have also been applied to goods from Mexico and Canada, and duties on imports from China were raised to 20%.

A new 25% tariff on foreign-made cars is set to take effect on April 2, a move that could affect over $400 billion in automobile imports, according to trade analysts. The White House argues that this policy will encourage automakers to build more facilities in the United States and strengthen domestic supply chains.

However, the sweeping measures have sparked concern among economists and global partners. Analysts warn that the new tariffs could lead to higher consumer prices, particularly for automobiles, and disrupt global supply chains. Major US automakers have already seen stock declines in anticipation of reduced profit margins and retaliatory measures from trade partners.

Read more: Trump stands firm on tariffs, Signal leak, interest in Greenland

Despite the warnings, the administration insists the tariffs are essential to revitalizing American industry and reducing dependency on foreign production. Navarro and other officials argue that revenue from tariffs will help fund middle-class tax cuts and create domestic jobs.

Internationally, the aggressive trade stance has drawn criticism. Several countries have signaled potential countermeasures, raising fears of escalating trade tensions. Nonetheless, the Trump administration appears committed to its protectionist agenda, positioning tariffs as both a fiscal tool and a political statement.

  • US tariffs
  • United States
  • Peter Navarro
  • tariffs
  • Trump administration

Most Read

Two F-35 jets arrive at it's new operational base Wednesday, Sept. 2, 2015, at Hill Air Force Base, in northern Utah. (AP)

F-35 near-misses over Yemen signal new risks for 'Israel': Forbes

  • Politics
  • 14 May 2025
Palestinians pray over bodies of people killed in the Israeli bombardment who were brought from the Shifa hospital before burying them in a mass grave in the town of Khan Younis, southern Gaza Strip, Wednesday, Nov. 22, 2023. (AP )

Gaza casualty figures mask a much bigger horror, new study shows

  • Politics
  • 11 May 2025
Gaza and the logic of necropolitics: Sovereignty measured by killing

Gaza and the logic of necropolitics: Sovereignty measured by killing

  • Politics
  • 15 May 2025
Abu Obaida

Abu Obeida posts shortly after Israeli reports about his assassination

  • Palestine
  • 15 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
A Microsoft sign and logo are pictured at the company's headquarters, Friday, April 4, 2025, in Redmond, Wash. (AP)
Technology

Microsoft admits supplying AI to 'Israel' amid Gaza carnage

Israeli occupation’s tanks parked in a staging area near the border with Gaza, Friday, May 16, 2025. (AP)
Politics

'Israel' launches multi-axis assault in Gaza under 'Gideon’s Chariots'

People stand at the train ticket counter of NJ Transit at Penn Station, amid a strike by New Jersey Transit train engineers, in New York, Friday, May 16, 2025. (AP)
Economy

Commuters stranded amid first New Jersey railway strike in 40 years

Trump's tax bill stalls as Republican opposition demands deeper cuts
US & Canada

Trump's tax bill stalls as Republican opposition demands deeper cuts

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS