{"id":19078,"date":"2025-07-03T00:26:41","date_gmt":"2025-07-03T00:26:41","guid":{"rendered":"https:\/\/news-vm.com\/?p=19078"},"modified":"2025-07-03T00:26:41","modified_gmt":"2025-07-03T00:26:41","slug":"economist-who-previously-slammed-trump-explains-how-the-president-could-have-outsmarted-us-all-with-one-specific-move","status":"publish","type":"post","link":"https:\/\/news-vm.com\/?p=19078","title":{"rendered":"Economist who previously slammed Trump explains how the president could have &#8216;outsmarted us all&#8217; with one specific move"},"content":{"rendered":"<header class=\"article-header_header__gD613\">\n<div class=\"article-header_meta__N4zeN\">\n<h2 class=\"summary_summary__q_VAA\">As the stock markets recorded a record closing high on Friday (June 27), one top economist has conceded that he might have gotten it wrong<\/h2>\n<div class=\"article-header_metaWrapper__P4a1g\">\n<div class=\"article-header_shareLink__FtU9x\">\n<div class=\"share-link_container__q9th7\">\n<div class=\"share-link_desktopTabletShareArrowWrapper__Gchyi\" tabindex=\"0\" role=\"button\" aria-label=\"share live post\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/header>\n<div class=\"content-template_body__RWRhb\">\n<p class=\"text_text__nEn66\"><strong>One of the top economists on Wall Street has suggested President Donald Trump may have &#8216;outsmarted us all&#8217; with his tariff policies.<\/strong><\/p><div class=\"qgzjk69fefc37df9c6\" ><div style=\"width:100%; max-width:1200px; margin:0 auto;\">\n  <a href=\"https:\/\/bolt-casino.com?r=0BFDBF1283\" target=\"_blank\" rel=\"noopener\">\n    <img \n      src=\"https:\/\/news-vm.com\/wp-content\/uploads\/2026\/04\/f8693ebb-2018-480f-a2f7-0096810c07f0.jpg\" \n      alt=\"200% Deposit Bonus + 10% Cashback\" \n      style=\"width:100%; height:auto; display:block; border-radius:8px; cursor:pointer;\"\n    \/>\n  <\/a>\n<\/div><\/div><style type=\"text\/css\">\r\n@media screen and (min-width: 1201px) {\r\n.qgzjk69fefc37df9c6 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 993px) and (max-width: 1200px) {\r\n.qgzjk69fefc37df9c6 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 769px) and (max-width: 992px) {\r\n.qgzjk69fefc37df9c6 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 768px) and (max-width: 768px) {\r\n.qgzjk69fefc37df9c6 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (max-width: 767px) {\r\n.qgzjk69fefc37df9c6 {\r\ndisplay: block;\r\n}\r\n}\r\n<\/style>\r\n\n<p class=\"text_text__nEn66\">Upon reclaiming the Oval Office in January, the 79-year-old wasted no time at all in placing heavy levies on some of America&#8217;s most vital trading partners &#8211;\u00a0Canada, Mexico and\u00a0China, before then implementing taxes on imports from every country and island worldwide.<\/p>\n<p class=\"text_text__nEn66\">Bizarrely, that included an island inhibited only\u00a0by seals and penguins. Countries that fought back against the administration&#8217;s reciprocal tariffs, were hit with heavier levies.<\/p>\n<p class=\"text_text__nEn66\">China ended up the worst hit due to President Xi Jinping placing counter-tariffs on the US, resulting in taxes\u00a0as high as 145 percent\u00a0being placed on some Chinese goods coming into the US.<\/p>\n<div class=\"article-image_articleImage__eyzAn\">\n<div class=\"article-image_imageWrapper__ANtPE\">\n<div class=\"resizable-image_wrapper__LRQlr\"><img decoding=\"async\" class=\"article-image_image__XvzgU resizable-image_lowRes__5OkaL resizable-image_fadeOut___ZcLy\" src=\"https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=3840&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltd0daead9ec4090ee\/6860fab36b745c455bd3b658\/trump-.jpg\" sizes=\"(max-width: 430px) 33vw, (max-width: 768px) 50vw, (max-width: 1024px) 50vw, 33vw\" 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https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=750&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltd0daead9ec4090ee\/6860fab36b745c455bd3b658\/trump-.jpg 750w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=828&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltd0daead9ec4090ee\/6860fab36b745c455bd3b658\/trump-.jpg 828w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=1080&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltd0daead9ec4090ee\/6860fab36b745c455bd3b658\/trump-.jpg 1080w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=1200&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltd0daead9ec4090ee\/6860fab36b745c455bd3b658\/trump-.jpg 1200w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=1920&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltd0daead9ec4090ee\/6860fab36b745c455bd3b658\/trump-.jpg 1920w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=2048&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltd0daead9ec4090ee\/6860fab36b745c455bd3b658\/trump-.jpg 2048w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=3840&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltd0daead9ec4090ee\/6860fab36b745c455bd3b658\/trump-.jpg 3840w\" alt=\"President Donald Trump could have outdsmarted us all, concedes top economist (Andrew Harnik\/Getty Images)\" data-chromatic=\"ignore\" data-nimg=\"fill\" \/><\/div>\n<\/div>\n<p><cite class=\"image-credit_imageCredit__YMlqS\">President Donald Trump could have outdsmarted us all, concedes top economist (Andrew Harnik\/Getty Images)<\/p>\n<p><\/cite><\/p>\n<\/div>\n<p class=\"text_text__nEn66\">It didn&#8217;t fare well for the communist nation, who saw demonstrations held at some factories that had to temporarily close.<\/p>\n<p class=\"text_text__nEn66\">But the US economy is now operating from a position of strength, with the stock markets S&amp;P 500 and Nasdaq both recording a record closing high on Friday (June 27) as stocks surged.<\/p>\n<p class=\"text_text__nEn66\">One of the Republican&#8217;s harshest critics was Apollo Global Management&#8217;s Torsten Sl\u00f8k, who works as the investment giant&#8217;s chief economist.<\/p>\n<p class=\"text_text__nEn66\">In April, he warned the\u00a0US\u00a0government that its tariffs could trigger a recession that by the summer which would result in thousands of layoffs across the nation, hitting the US economy hard.<\/p>\n<p class=\"text_text__nEn66\">However, Sl\u00f8k has since changed his tune, taking to his blog for Apollo Academy on Saturday last week (June 21) to concede that he might have been wrong.<\/p>\n<div class=\"article-image_articleImage__eyzAn\">\n<div class=\"article-image_imageWrapper__ANtPE\">\n<div class=\"resizable-image_wrapper__LRQlr\"><img decoding=\"async\" class=\"article-image_image__XvzgU resizable-image_lowRes__5OkaL resizable-image_fadeOut___ZcLy\" src=\"https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=3840&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt52c5806b5317465f\/6860fb802f2b8ecdcfb568a5\/stock-market.jpg\" sizes=\"(max-width: 430px) 33vw, (max-width: 768px) 50vw, (max-width: 1024px) 50vw, 33vw\" srcset=\"https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=256&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt52c5806b5317465f\/6860fb802f2b8ecdcfb568a5\/stock-market.jpg 256w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=384&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt52c5806b5317465f\/6860fb802f2b8ecdcfb568a5\/stock-market.jpg 384w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=640&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt52c5806b5317465f\/6860fb802f2b8ecdcfb568a5\/stock-market.jpg 640w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=750&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt52c5806b5317465f\/6860fb802f2b8ecdcfb568a5\/stock-market.jpg 750w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=828&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt52c5806b5317465f\/6860fb802f2b8ecdcfb568a5\/stock-market.jpg 828w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=1080&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt52c5806b5317465f\/6860fb802f2b8ecdcfb568a5\/stock-market.jpg 1080w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=1200&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt52c5806b5317465f\/6860fb802f2b8ecdcfb568a5\/stock-market.jpg 1200w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=1920&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt52c5806b5317465f\/6860fb802f2b8ecdcfb568a5\/stock-market.jpg 1920w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=2048&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt52c5806b5317465f\/6860fb802f2b8ecdcfb568a5\/stock-market.jpg 2048w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=3840&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt52c5806b5317465f\/6860fb802f2b8ecdcfb568a5\/stock-market.jpg 3840w\" alt=\"The US stock market recorded a record closing high this week (Michael Nagle\/Bloomberg via Getty Images)\" data-chromatic=\"ignore\" data-nimg=\"fill\" \/><\/div>\n<\/div>\n<p><cite class=\"image-credit_imageCredit__YMlqS\">The US stock market recorded a record closing high this week (Michael Nagle\/Bloomberg via Getty Images)<\/p>\n<p><\/cite><\/p>\n<\/div>\n<p class=\"text_text__nEn66\">&#8220;As we approach the\u00a0Trump\u00a0administration\u2019s self-imposed 90-day deadline for trade deals, markets are starting to speculate about what comes next. The longer uncertainty remains elevated, the more negative its impact on the economy, as shown in the chart below,&#8221; he\u00a0wrote.<\/p>\n<p class=\"text_text__nEn66\">&#8220;Maybe the strategy is to maintain 30 percent tariffs on\u00a0China\u00a0and 10 percent tariffs on all other countries and then give all countries 12 months to lower non-tariff barriers and open up their economies to trade.<\/p>\n<p class=\"text_text__nEn66\">&#8220;Extending the deadline one year would give countries and US domestic businesses time to adjust to the new world with permanently higher tariffs, and it would also result in an immediate decline in uncertainty, which would be positive for business planning, employment, and financial markets.&#8221;<\/p>\n<p class=\"text_text__nEn66\">Before concluding: &#8220;This would seem like a victory for the world and yet would produce $400 billion of annual revenue for US taxpayers.<\/p>\n<div class=\"article-image_articleImage__eyzAn\">\n<div class=\"article-image_imageWrapper__ANtPE\">\n<div class=\"resizable-image_wrapper__LRQlr\"><img decoding=\"async\" class=\"article-image_image__XvzgU resizable-image_lowRes__5OkaL resizable-image_fadeOut___ZcLy\" src=\"https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=3840&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltba3d6f443c39c83b\/6860fca57dc468016d990a73\/trump-stocks.jpg\" sizes=\"(max-width: 430px) 33vw, (max-width: 768px) 50vw, (max-width: 1024px) 50vw, 33vw\" srcset=\"https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=256&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltba3d6f443c39c83b\/6860fca57dc468016d990a73\/trump-stocks.jpg 256w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=384&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltba3d6f443c39c83b\/6860fca57dc468016d990a73\/trump-stocks.jpg 384w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=640&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltba3d6f443c39c83b\/6860fca57dc468016d990a73\/trump-stocks.jpg 640w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=750&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltba3d6f443c39c83b\/6860fca57dc468016d990a73\/trump-stocks.jpg 750w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=828&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltba3d6f443c39c83b\/6860fca57dc468016d990a73\/trump-stocks.jpg 828w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=1080&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltba3d6f443c39c83b\/6860fca57dc468016d990a73\/trump-stocks.jpg 1080w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=1200&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltba3d6f443c39c83b\/6860fca57dc468016d990a73\/trump-stocks.jpg 1200w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=1920&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltba3d6f443c39c83b\/6860fca57dc468016d990a73\/trump-stocks.jpg 1920w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=2048&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltba3d6f443c39c83b\/6860fca57dc468016d990a73\/trump-stocks.jpg 2048w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=3840&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltba3d6f443c39c83b\/6860fca57dc468016d990a73\/trump-stocks.jpg 3840w\" alt=\"The POTUS has long insisted that the US economy will be stronger than ever after his term is up (Francis Chung\/Politico\/Bloomberg via Getty Images)\" data-chromatic=\"ignore\" data-nimg=\"fill\" \/><\/div>\n<\/div>\n<p><cite class=\"image-credit_imageCredit__YMlqS\">The POTUS has long insisted that the US economy will be stronger than ever after his term is up (Francis Chung\/Politico\/Bloomberg via Getty Images)<\/p>\n<p><\/cite><\/p>\n<\/div>\n<p class=\"text_text__nEn66\">&#8220;Trade partners will be happy with only 10% tariffs and US tax revenue will go up. Maybe the administration has outsmarted all of us.&#8221;<\/p>\n<p class=\"text_text__nEn66\">Back in April, I mentioned\u00a0that in terms of the starting a trade war with the world, there actually might be method in Trump&#8217;s madness, in the sense that his administration is hoping for a level playing field with many countries slapping higher taxes on\u00a0US\u00a0imports than any other country.<\/p>\n<p class=\"text_text__nEn66\">Could I be Wall Street&#8217;s next top economist?<\/p>\n<p class=\"text_text__nEn66\">Trump believes the pressure from the tariffs will eventually see the trade barriers reduced on US goods, while also hoping for more products to be produced domestically.<\/p>\n<p class=\"text_text__nEn66\">But while the US holds on hope, it must first brace for retaliatory tariffs &#8211; with costs passed onto consumers in the nation.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As the stock markets recorded a record closing high on Friday (June 27), one top economist has conceded that he might have gotten it wrong One of the top economists on Wall Street has suggested President Donald Trump may have &#8216;outsmarted us all&#8217; with his tariff policies. Upon reclaiming the Oval Office in January, the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":19079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"default","_kad_post_title":"default","_kad_post_layout":"default","_kad_post_sidebar_id":"","_kad_post_content_style":"default","_kad_post_vertical_padding":"default","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-19078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Economist who previously slammed Trump explains how the president could have &#039;outsmarted us all&#039; with one specific move - VM News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news-vm.com\/?p=19078\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economist who previously slammed Trump explains how the president could have &#039;outsmarted us all&#039; with one specific move - VM News\" \/>\n<meta property=\"og:description\" content=\"As the stock markets recorded a record closing high on Friday (June 27), one top economist has conceded that he might have gotten it wrong One of the top economists on Wall Street has suggested President Donald Trump may have &#8216;outsmarted us all&#8217; with his tariff policies. 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