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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.”"
He is admitting that Trump has a path forward that increases federal revenue without trade destruction.
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