US Edition
Top Economist Admits Trump May Have ‘Outsmarted’ Everyone on Tariffs
- Torsten Sløk, Apollo Global Management’s chief economist, proposed that President Trump’s tariff policies might be a strategic move to boost trade revenue and benefit the U.S. government financially.
- This view follows the looming expiration on July 9 of Trump's 90-day pause on reciprocal tariffs as trade talks with 18 nations continue.
- Sløk proposed a strategy that would keep tariffs at 30% on Chinese imports and 10% on goods from other countries, while allowing a year for trading partners to ease non-tariff restrictions and promote freer trade.
- He wrote that extending this deadline could generate $400 billion annually for U.S. taxpayers while lowering uncertainty, benefiting business planning and financial markets.
- Sløk concluded this strategy could stabilize markets, advance negotiations, and create a new trade environment with permanently higher tariffs and increased federal revenue.
24 Articles
24 Articles
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Top economist and admits president may have outsmarted us all on tariffs
Torsten Sløk, the chief economist at Apollo Global Management, theorized a possible way for President Donald Trump to avoid wrecking the global economy with his tariffs — if he changes how he’s playing his game
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