US EditionTop 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.
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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
Torsten Sløk, chief economist at the major investment firm Apollo Global Management, acknowledged that while uncertainty over trade policy could hurt the economy, Trump could simultaneously ease tariffs on key U.S. trading partners and leverage the remaining levies to boost federal revenue.
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