Trump counselor Peter Navarro is being mocked online after commenting on the United States' withering GDP, stating that the number is actually growing if you discount the impact of the Trump administration's tariff implementation.
Great. So on that basis, if you strip out the effect of nuclear radiation, the bombing of Hiroshima wasn’t too bad. FFS😩
— (@grayola.bsky.social) 2025-04-30T16:42:20.508Z
To be fair, I tell my bank the same thing. If you take away my debt, I’m actually quite wealthy. Yes, they do find me hilarious.
— (@luigivercotti.bsky.social) 2025-04-30T15:07:50.983Z
These idiots. "Please don't judge us on the one thing that is tanking the economy. Otherwise, we're right on track."
— (@consofus.bsky.social) 2025-04-30T16:07:12.983Z
Navarro appeared on CNBC's Squawk on the Street on Wednesday, discussing concerns regarding the nation's GDP after the Department of Commerce reported a 0.3% drop in annualized pace following 2025's first quarter.
The senior trade and manufacturing counselor argued that, in order to truly understand the Trump administration's impact upon the GDP, one would have to discount the impact of tariffs.
"The markets need to, like, look beneath the surface of that" figure, said Navarro, who has fervently supported President Trump's implementation of tariffs.
"We had a 22% increase in domestic investment," he continued.
"That is off the charts when you strip out inventories and the negative effects of the surge in imports because of the tariffs, you had 3% growth," Navarro said.
"So, we really like where we're at now," he added.
Peter Navarro on CNBC reacts to the shrinking GDP number by insisting it's actually good news because if you strip out the effect of tariffs "you have 3 percent growth. So we really like where we're at now."
— Aaron Rupar (@atrupar.com) 2025-04-30T13:48:39.537Z
Social media users quickly took to online platforms to mock Navarro's conclusions.
"If you disregard the iceberg, the Titanic had successfully journey," wrote one Bluesky user.
If you disregard the iceberg, the Titanic had successfully journey.
— davidrlurie (@davidrlurie.bsky.social) 2025-04-30T14:42:46.719Z
"What is the economic logic here? Is this like me saying if you strip out the effect of my gambling addiction my household budget is in the black?" said another.
What is the economic logic here? Is this like me saying if you strip out the effect of my gambling addiction my household budget is in the black?
— David Burbach (@dburbach.bsky.social) 2025-04-30T13:58:35.081Z
"If you strip out the effects of the cancer, the patient is actually doing great," said a third.
"If you strip out the effects of the cancer, the patient is actually doing great."
— Phillip Anderson (@phillipanderson.bsky.social) 2025-04-30T14:06:34.838Z
"Trump really is playing 5D chess, because this explanation comes from a completely unknown dimension," said a fourth.
Trump really is playing 5D chess, because this explanation comes from a completely unknown dimension.
— King of Make Believe (@504spyboy.bsky.social) 2025-04-30T16:44:49.667Z
Navarro has previously downplayed the impacts of Trump's agenda upon the economy, referring to a steep market drop occurring earlier this month as "no big deal" after the Dow Jones Industrial Average dropped by over 1,000 points and the S&P 500 index of U.S. stocks lost 3.46% due to Trump threatening to implement tariffs.
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