Donald Trump’s administration is on a sales pitch ahead of the president’s big tariff announcement on Wednesday claiming his import taxes will bring in billions in revenue as polls show Americans are worried about rising prices. 

The White House is pushing a clip from senior adviser Peter Navarro’s interview with Fox News on Sunday where he talked about Trump’s plan, posting it to its social media accounts.

‘First of all, we’re going to raise about hundred billion dollars with the auto tariffs alone. What we’re going to do is in the new tax bill that has to pass, it absolutely has to pass, we’re going to provide tax benefits, tax credits to the people who buy American cars,’ Navarro said.

‘And, in addition, the other tariffs are going to raise about $600 billion a year, about $6 trillion over a 10-year period,’ he added. ‘And we’re going to have tax cuts. It’s the biggest tax cut in American history for the middle class, for the blue-collar deplorables.’

The White House hasn’t given details for what Trump calls ‘Liberation Day,’ when he’ll imposes reciprocal dollar-for-dollar tariffs on nations that levy duties on US goods.

White House trade adviser Peter Navarro claims President Donald Trump’s tariff plan will result in billions in revenue for the United States

The event will take place on Wednesday in the Rose Garden and most of the president’s Cabinet will be there, White House press secretary Karoline Leavitt told reporters on Monday. 

But it’s still not clear what Trump will announce or when they will go into affect. 

‘I will let the President make the announcement on Wednesday,’ Leavitt said when asked for details. 

The administration is weighing an across-the-board 20% tariff that would affect virtually every country doing business with the U.S., the Wall Street Journal reported.

‘You’d start with all countries,’ Trump told reporters on Air Force One Sunday although he said the tariffs would be more generous than trade partners had been to the U.S. 

But his plan has raised concerns that average American families would absorb the cost of his tariffs in the form of higher prices and lower incomes.

A CBS News/YouGov poll out on Sunday found a majority of Americans worry President Trump is focused too much on tariffs, which they believe will end up raising prices – and not enough on lowering prices for everyday Americans. 

The American stock market got off to a shaky start on Monday amid worries about Trump’s plan. The Dow and the S&P Index were down.

Leavitt brushed off concerns about the stock market. 

‘The President has always said that the stock market is a snapshot of a moment in time,’ she said. ‘And he’s doing what’s best for Main Street. And Wall Street will work out just fine in this administration like they did in the first term.’

President Donald Trump said his tariff plan will apply to ‘all’ countries

White House press secretary Karoline Leavitt brushed off worries about the stock market

Trump has brushed off concerns about the effects of his plan.

In an interview Saturday with NBC News, Trump said he wasn’t worried if his tariffs caused vehicle prices to rise because it would make American autos more competitive.

‘I hope they raise their prices, because if they do, people are gonna buy American-made cars,’ Trump said. ‘I couldn’t care less because if the prices on foreign cars go up, they’re going to buy American cars.’ 

The president already has imposed a series of tariffs, including 25% duties on all steel and aluminum imports.

He’s also hit China with two sets of additional 10% tariffs. Global auto tariffs announced last week are due to kick in on Thursday.

Several countries said they will retaliate against any tariffs Trump imposes, targeting American made goods. 

Trump has long championed tariffs – which he has called the ‘most beautiful word in the dictionary’ – to try and revive domestic manufacturing, close the trade gap, and encourage consumers to buy more US-made products.