Trump adviser Peter Navarro spins shrinking GDP: 'Best negative print I've ever seen'

White House trade adviser Peter Navarro spun the country's shrinking gross domestic product by arguing that the economy actually improved when President Donald Trump's tariffs and DOGE policies were not included.

Navarro spoke about the poor GDP numbers during a Wednesday interview on CNBC.

"I got to say just one thing about today's news," Navarro opined. "That's the best negative print I have ever seen in my life. The markets need to look beneath the surface of that."

"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. So we really like where we're at now."

CNBC host Jim Cramer did not seem convinced as the stock market plunged into negative territory.

"I want to clarify that on the GDP number, how we get to 3%, because I think there are a lot of people — the market's down really bad, Peter, so we got to try to figure this out," Cramer said.

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"When you have this import surge that we've had to try to get in ahead of the tariffs, that's, that's dragging down our GDP growth by something like 5%," Navarro explained. "I mean, it's just like, extraordinary, but that's not going to be the case next quarter."

"And then government spending, I mean, that's like, obviously, where you're doing the DOGE thing and contracting government, and that's going to be fine," he added.

Watch the video below from CNBC or click the link.