Patriot Brief

  • What Happened: With the Dow surging past 50,000, Trump trade advisor Peter Navarro says the rebound proves tariffs drove investment and growth that Wall Street never saw coming.
  • Why It Matters: Navarro predicted the Dow would hit 50,000 back in April when markets panicked and the index slid to 38,000 after tariff announcements.
  • Bottom Line: Trump's "four engines of growth" combining tariffs, tax cuts, deregulation, and energy policy are delivering historic market gains.

Peter Navarro called his shot in April when everyone was panicking, and now he is collecting his receipts.

When President Trump announced reciprocal tariffs, Wall Street lost its mind. Markets plunged. The Dow slid toward 38,000. Critics screamed that Trump was going to destroy the economy. Navarro went on Fox Business with Maria Bartiromo and told America exactly what was going to happen next.

"It's nice to be right," Navarro said as the Dow surged past 50,000. "We were talking on April 7th, thereabouts. The Dow had fallen to 38,000. What I said to you. It's going to 50,000."

He was right. The same critics who predicted economic catastrophe are now watching the best stock market in history unfold in real time.

Navarro says tariffs are widely misunderstood because they are viewed in isolation instead of as part of a broader strategy. He calls it the administration's "four engines of growth," combining tariffs, tax cuts, deregulation, and energy policy working together.

"What you get with tariffs is you get a massive wave of investment," Navarro said. "That increases productivity. Productivity is the key to rising real wages."

The economic data is backing him up. The ISM manufacturing index jumped above 50 for the first time since 2022, signaling expansion after months of new construction and capital investment. Durable goods orders and GDP growth are moving in the same direction.

Navarro pointed out the same thing happened after the 2016 election. Futures markets crashed on election night and then roared back with a powerful rally.

Wall Street doubted Trump then. They doubted him again in April. Both times they were wrong. Both times Trump delivered.

The Dow is at 50,000. Real wages are growing. Manufacturing is expanding. And the critics have nothing left to say.