Trump ‘outsmarted all of us’

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   Readmikenowposted 5 weeks ago

   President Donald Trump frustrates the left because he is smarter than they are at about everything.
   
   "Top economist who previously sounded the alarm on tariffs sees a possible scenario where Trump ‘outsmarted all of us’
   
   Torsten Sløk, chief economist at Apollo Global Management, laid out a potential scenario where President Donald Trump’s tariffs are extended long enough to ease economic uncertainty while also providing a significant bump to federal revenue. That comes as the 90-day pause on Trump’s “reciprocal tariffs” is nearing an end.
   
   Businesses and consumers remain in limbo over what will happen next with President Donald Trump’s tariffs, but a top economist sees a way to leave them in place and still deliver a “victory for the world.”
   
   In a note on Saturday titled “Has Trump Outsmarted Everyone on Tariffs?”, Apollo Global Management Chief Economist Torsten Sløk laid out a scenario that keeps tariffs well below Trump’s most aggressive rates long enough to ease uncertainty and avoid the economic harm that comes with it.
   
   “Maybe the strategy is to maintain 30% tariffs on China and 10% tariffs on all other countries and then give all countries 12 months to lower non-tariff barriers and open up their economies to trade,” he speculated.
   
   That comes as the 90-day pause on Trump’s “reciprocal tariffs,” which triggered a massive selloff on global markets in April, is nearing an end early next month.
   
   The temporary reprieve was meant to give the U.S. and its trade partners time to negotiate deals. But aside from an agreement with the U.K. and another short-term deal with China to step back from prohibitively high tariffs, few others have been announced.
   
   Meanwhile, negotiations are ongoing with other top trading partners. Trump administration officials have been saying for weeks that the U.S. is close to reaching deals.
   
   On Saturday, Sløk said extending the deadline one year would give other countries and U.S. businesses more time to adjust to a “new world with permanently higher tariffs.” An extension would also immediately reduce uncertainty, giving a boost to business planning, employment, and financial markets.
   
   “This would seem like a victory for the world and yet would produce $400 billion of annual revenue for US taxpayers,” he added. “Trade partners will be happy with only 10% tariffs and US tax revenue will go up. Maybe the administration has outsmarted all of us.”
   
   Sløk’s speculation is notable as he previously sounded the alarm on Trump’s tariffs. In April, he warned tariffs have the potential to trigger a recession by this summer.
   
   Also in April, before the U.S. and China reached a deal to temporarily halt triple-digit tariffs, he said the trade war between the two countries would pummel American small businesses.
   
   More certainty on tariffs would give the Federal Reserve a clearer view on inflation as well. For now, most policymakers are in wait-and-see mode, as tariffs are expected to have stagflationary effects. But a split has emerged.
   
   Chris Harvey, Wells Fargo Securities’ head of equity strategy, expects tariffs to settle in the 10%-12% range, low enough to have a minimal impact, and sees the S&P 500 soaring to 7,007, making him Wall Street’s biggest bull.
   
   He added that it’s still necessary to make progress on trade and reach deals with big economies like India, Japan and the EU. That way, markets can focus on next year, rather near-term tariff impacts.
   
   “Then you can start to extrapolate out,” he told CNBC last month. “Then the market starts looking through things. They start looking through any sort of economic slowdown or weakness, and then we start looking to ’26 not at ’25.”
   
   This story was originally featured on Fortune.com

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      Willowarborposted 5 weeks agoin reply to this

      Trump says stupid thing after stupid thing...he demonstrates his lack of intelligence daily.   As far as tariffs, everyone here understands that we are paying for them.   There's nothing to celebrate in that.

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         Readmikenowposted 5 weeks agoin reply to this

         Saying stupid things and demonstrating lack of intelligence daily is a good way to describe the leadership of the left.
         
         The reality of the tariffs is that they are not hurting the United States and are helping the economy.  Jobs are increasing, the inflation rate is down, and prices are stable.

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   Sharlee01posted 5 weeks ago

   Mike,   Absolutely spot on—I couldn’t agree more. President Trump has been playing chess while the left is stuck on checkers, and the numbers back it up. Not only has he outsmarted critics with his tariff strategy, but he’s also been working diligently to bring massive investments to the United States.
   
   Since January, his leadership has helped attract over $5 trillion in new domestic and foreign investments, deals from giants like Apple, NVIDIA, Oracle, and SoftBank, along with major commitments from the UAE, Japan, Saudi Arabia, and India, creating hundreds of thousands of American jobs.
   
   From a $500 billion AI infrastructure initiative to advanced chip manufacturing, Trump has turned "America First" into more than a slogan, it’s become a strategy for growth. Add in major deals like $200 billion from the UAE and $1.2 trillion from Qatar, and the scale is historic.
   
   What strikes me is how he turned tariffs, once painted as reckless, into tactical leverage, securing both fairer trade terms and record-setting investment. That’s strategic brilliance. The left doesn’t get it because they’re stuck reacting, while Trump was always two steps ahead.
   
   In short: yes, he outsmarted everyone on tariffs, and he’s fueling America’s future with massive investments. That’s leadership.   Trump has quickly put the US back on the right path.

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      Willowarborposted 5 weeks agoin reply to this

      Where are these new jobs he has supposedly created?

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