In an interview with Fox News on Sunday, White House economic advisor Peter Navarro said the tariffs set to be announced this week would be one of the biggest tax increases in American history—while also promising the exact opposite.

Fox News host Shannon Bream challenged White House trade adviser Peter Navarro after he insisted that President Donald Trump's tariffs were "tax cuts." During an interview on Fox News Sunday, Bream noted that Trump had said he "couldn't care less" if car prices increase because of his tariffs.

Donald Trump announced a sweeping new set of reciprocal tariffs on Wednesday, arguing that they would allow the United States to succeed. "This is one of the most important days in my opinion in American history,

Donald Trump’s 25% tariff on U.S. auto imports kicks in Thursday, and the levies look set to upend the industry. A Reuters calculation shows the duties will hit some $460 billion-worth of cars and parts every year.

Trump's reciprocal tariffs, explained. President Trump announced yesterday that new tariffs would go into effect on imports from about 185 countries, including the U.S.’s larges

Donald Trump announced a sweeping new set of reciprocal tariffs on Wednesday, arguing that they would allow the United States to succeed. Trump's tariffs, which he imposed via executive order, are expected to send economic shockwaves around the world.

President Trump says the tariffs will encourage investment in U.S. factories, but analysts say car buyers will have to pay thousands more.

US President Donald Trump announced reciprocal tariffs Wednesday, saying he would apply a minimum 10% levy on all exporters to the US. The Republican asserted that dozens of countries with the largest trade imbalances will face even higher rates.