President Donald Trump displayed visible satisfaction during a recent press exchange when a reporter informed him that a prominent global economist had reversed course on his tariff policies.
The president’s demeanor brightened considerably as the reporter posed the question regarding Apollo Global Management’s chief economist Torsten Sløk’s assessment that Trump may have “outsmarted everyone” with his tariff approach.
“Mr. President, a leading global economist just did a one-eighty and says your tariff plan, you may have outsmarted everybody with it. What is your message?” the reporter inquired.
Trump’s response revealed his enthusiasm for the vindication.
“I love this. I love this question. This is [my] favorite. This is the best question I’ve ever been asked because I’ve been going through abuse for years on this,” he stated.
The president emphasized the financial benefits of his policy approach.
“Because, as you know, we’re taking in hundreds of billions of dollars, no inflation whatsoever,” Trump declared.
When pressed about critics who believe his tariff strategy contributed to economic recession, Trump delivered a sharp rebuke. “I think they should go back to business school,” he responded.
Trump reinforced his position by highlighting the revenue generation from international trade. “It’s so obvious. It’s so obvious. I mean, we’re taking in billions and billions of dollars from China and a lot of other countries,” he explained.
The exchange occurred during a period of exceptional market performance, with Wall Street maintaining its upward trajectory throughout the week.
This timing appeared particularly favorable for Trump’s messaging, as strong market indicators supported his economic narrative.
Both the S&P 500 and Nasdaq achieved record-breaking closing highs on Friday, demonstrating sustained investor confidence in current economic conditions.
The market performance came amid broader discussions about trade policy effectiveness and economic strategy.
Investors appeared to respond positively to signals suggesting stable trade relationships and potential for continued growth.
Sløk’s detailed analysis suggested that Trump’s strategy involves maintaining tariff rates below his most aggressive proposals to reduce market volatility while leveraging them for improved trade agreements.
The economist’s assessment represented a significant shift from previous skepticism about the administration’s approach.
The Apollo Global Management chief economist proposed that Trump might sustain 30 percent tariffs on China and 10 percent tariffs on other nations, providing countries with a 12-month window to reduce trade barriers.
Sløk’s recommendation included specific timeframes and percentage targets that would balance revenue generation with diplomatic flexibility.
Trump’s current 90-day suspension of “reciprocal tariffs” approaches its conclusion early next month, creating anticipation for the administration’s next moves.
Sløk recommended extending this deadline to a full year, arguing this would allow global markets adequate time to adapt to permanently elevated tariff structures.
The extended timeline would provide stability for businesses and investors while maintaining negotiating leverage.
The economist calculated that such an approach could generate $400 billion in annual revenue for American taxpayers while satisfying international trade partners.
In his analysis, Sløk wrote that trade partners would find satisfaction with 10% tariffs while simultaneously increasing U.S. tax revenue.
“Trade partners will be happy with only 10% tariffs and U.S. tax revenue will go up,” he stated in his report.
The Daily Mail outlined that the economist concluded his assessment with acknowledgment of the administration’s strategic approach.
“Maybe the administration has outsmarted all of us,” Sløk wrote, representing a complete reversal from previous skepticism about Trump’s trade policies.
WATCH:
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Author: Jordyn M.
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