President Donald Trump’s stunning reversal on tariffs was due to his “credible implementation of reciprocal tariffs on the rest of the world,” says Trump trade adviser Peter Navarro.

Trump said on Wednesday he would temporarily lower the hefty tariffs he had just imposed on dozens of countries, though he also hiked duties for China and kept 25% tariffs levied on aluminum, steel and cars in place.

“What we have now in place going forward is a 10% global tariff that’s going to bring in $2 billion a day, instead of sending out for $4 billion like we do with our trade deficit,” Navarro told Newsmax TV’s “Chris Salcedo Show” Thursday.

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