Trump Adviser Laughs Nervously When Confronted With Report About Being Sidelined: ‘That’s Fake News’

White House trade adviser Peter Navarro denied a report stating that he had been sidelined by President Donald Trump, who has sent markets into free fall by tariffs on most countries.

“Former hedge fund manager and Treasury Secretary Scott Bessent — the White House’s main conduit to beleaguered financial markets — is now at the helm, with populist Peter Navarro relegated to the sidelines and Wall Street punching bag Howard Lutnick recast into the role of “bad cop,” according to three people close to the White House, granted anonymity to speak frankly about internal dynamics,” Politico reported on Thursday morning.

Hours later on Fox News’s Jesse Watters Primetime, the host questioned Navarro about it.

“The media says you’re in the doghouse with Trump,” Jesse Watters noted. “Is that true? Or is that fake news?”

Navarro laughed nervously and declared, “That’s fake news, Jesse. I would say this about this team that I’m working with. I mean, it’s radically different from the first term when we had a lot of people fighting and had disparate voices, and every time the boss wanted to do something, there were people wanting to hold him back.”

Navarro went on to praise Bessent, Lutnick, and a slew of other administration officials.

“I think you just named the cabinet,” Watters replied.

“I can’t be more honored to be there even if some people think I’m in the doghouse,” Navarro responded. “That’s officially fake news.”

Navarro has been one of several Trump administration officials on television over the last week trying to sell the president’s tariffs to the public. Though Navarro stated over the weekend that the tariff figures Trump imposed last week were not negotiable, National Economic Council Director Kevin Hassett contradicted that claim on the same day.

Trump’s initial tariff announcement last week sent markets plummeting. Originally, he imposed a 10% blanket tariff on imports from most countries. However, he singled out dozens for higher tariffs. On Wednesday, he backtracked by rolling back those higher rates down to the baseline 10% number. Meanwhile, Trump raised tariffs on Chinese goods to a whopping 145%.

Watch above via Fox News.