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Torsten Sløk, Chief Economist at Apollo Global ManagementLAID OUT POTENTIAL SCENARY WHERE PRESIDENT DONALD TRUMP’S TARIFFS ARE EXTENDED LONG ENOUGH TO EASE ECONOMIC UNSE ALSO PROVIDING A SIGNENT 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 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 Chiefist Torten Sløk Laid Out A Scenario That Keps Tariffs Well Below Trump’s Long AGGRESSIVE to Ease Uncerty 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 Thes 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 US and ITs Trade Partners Time to Negotiate Deals. But aside from an aggregate with the uk and another short-term deal with china to step back from prohibitllary High tariffs, few Ohers have been announced.
MEANWHILE, Businesses are Onging with other Top Trading Partners. Trump Administration Officials Have Been Saying For Weeks That the Us Is Close to Reaching Deals.
On Saturday, Sløk Said Extending the Deadline One Year Give Other Countries and Us Businesses More Time to Adjust to “New World With Permanently Higher Tariffs. An Extension Willd Also Immedialy Reduce Uncertainty, Giving A Boost to Business Planning, Employment, and Financial Markets.
“This will be Like a Victory for the World and Yet Willd Produce $ 400 Billion of Annual Revenue for UsPayers,” 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 previassly kounded 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 US and China Reated A Deal to Temporary Halt Triple-Digit Tariffs, He Said the Trade War Between The Two Countries Would Pummel American Small Businesses.
