Author Topic: Top Economist Admits Trump May Have ‘Outsmarted All of Us’ on Tariffs  (Read 590 times)

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Offline mystery-ak

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Top Economist Admits Trump May Have ‘Outsmarted All of Us’ on Tariffs
Matt Margolis
5–6 minutes

Donald Trump has a knack for making the so-called experts look foolish, and nowhere is that more apparent than in the ongoing debate over tariffs. The political and economic elite have ridiculed Trump’s approach, insisting that his tough stance on trade would backfire, cause a recession and cripple the U.S. economy. Yet despite all the apocalyptic predictions, the economy hasn’t gone south, and predictions of a looming recession have been quietly walked back.

Recently, a prominent anti-Trump economist admitted what many on the right have been saying from the beginning: Trump’s tariff strategy wasn’t the reckless gamble the media made it out to be. Instead, it was a calculated move designed to protect American workers, revive domestic manufacturing, and put America’s interests first.

    A prominent Wall Street economist who had slammed President Trump’s tariffs earlier this year now says that the president may have “outsmarted all of us” with his controversial trade policies.

    Torsten Sløk, chief economist at investment giant Apollo Global Management, said that while the uncertainty surrounding trade policy has already started to weigh on the economy, Trump could lower tariffs on most of the US trading partners while using the levies to boost federal revenue.

    Sløk suggested in a recently posted analysis that the administration’s approach may be more strategic than previously thought.

    The optimistic outlook stands in stark contrast to his earlier position.

    In April, Sløk warned that Trump’s tariffs could trigger a recession by summer, particularly harming American small businesses and potentially halting the flow of goods from China to the US, leading to layoffs and a broader economic slowdown.

Let’s be honest—Trump’s critics never gave him a fair shake. They scoffed at his insistence that America was getting fleeced by China and other trading partners. They dismissed his warnings about the hollowing out of our industrial base. They mocked his promise to bring jobs back to the heartland. But now, even some of the most respected voices in economics are forced to admit that Trump’s tariffs have delivered results that the so-called experts said were impossible.

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https://pjmedia.com/matt-margolis/2025/06/29/top-economist-admits-trump-may-have-outsmarted-all-of-us-on-tariffs-n4941279
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Online catfish1957

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"Recently, a prominent anti-Trump economist admitted what many on the right have been saying from the beginning: Trump’s tariff strategy wasn’t the reckless gamble the media made it out to be. Instead, it was a calculated move designed to protect American workers, revive domestic manufacturing, and put America’s interests first."
=======================================================================================================a==

I spent quite a bit of time yesterday in flame event with an unnamed Briefer about this very issue.  What these Anti-Trump economists and in the case of Briefer X, didn't realize that a lot of what Trump is doing in the area of tariffs straight from Calvin Coolidge's playbook.  Again.  Tariffs aren't the main event....   just one tool in the tool kit to deal with nations who want to take advantage of a country that allowed itself to be screwed by trading partners for decades.   This alone levels the playing field. 

Iif you could pull Trump off to the side, I am sure he'd say as the ultimate capitalist, that in the real world there would be no tariffs, no currency manipulation, or other tactics  to "game" the system. 
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Online Bigun

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@LMAO Please pick up the white courtesy phone.
"I wish it need not have happened in my time," said Frodo.

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Offline IsailedawayfromFR

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"Recently, a prominent anti-Trump economist admitted what many on the right have been saying from the beginning: Trump’s tariff strategy wasn’t the reckless gamble the media made it out to be. Instead, it was a calculated move designed to protect American workers, revive domestic manufacturing, and put America’s interests first."
=======================================================================================================a==

I spent quite a bit of time yesterday in flame event with an unnamed Briefer about this very issue.  What these Anti-Trump economists and in the case of Briefer X, didn't realize that a lot of what Trump is doing in the area of tariffs straight from Calvin Coolidge's playbook.  Again.  Tariffs aren't the main event....   just one tool in the tool kit to deal with nations who want to take advantage of a country that allowed itself to be screwed by trading partners for decades.   This alone levels the playing field. 

Iif you could pull Trump off to the side, I am sure he'd say as the ultimate capitalist, that in the real world there would be no tariffs, no currency manipulation, or other tactics  to "game" the system. 

:thumbsup:
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Offline DefiantMassRINO

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Trump's lizard-brain instincts VS Paul Krugman's NY Times Noble-prize Winning Economist brain ... my $2.00 is on Trump.
« Last Edit: June 30, 2025, 03:17:21 pm by DefiantMassRINO »
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Offline roamer_1

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"Recently, a prominent anti-Trump economist admitted what many on the right have been saying from the beginning: Trump’s tariff strategy wasn’t the reckless gamble the media made it out to be. Instead, it was a calculated move designed to protect American workers, revive domestic manufacturing, and put America’s interests first."
=======================================================================================================a==

I spent quite a bit of time yesterday in flame event with an unnamed Briefer about this very issue.  What these Anti-Trump economists and in the case of Briefer X, didn't realize that a lot of what Trump is doing in the area of tariffs straight from Calvin Coolidge's playbook.  Again.  Tariffs aren't the main event....   just one tool in the tool kit to deal with nations who want to take advantage of a country that allowed itself to be screwed by trading partners for decades.   This alone levels the playing field. 

Iif you could pull Trump off to the side, I am sure he'd say as the ultimate capitalist, that in the real world there would be no tariffs, no currency manipulation, or other tactics  to "game" the system. 


Ridiculous pap.

Online catfish1957

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Ridiculous pap.

Ignoring  our greatest FIN POTUS (Coolidge), and Trump's ability to channel him into fair trade with the same philosphy.

That's monumental pap.   Unless you are calling Coolidge an idiot too.  But I am sure. (lol) you are so are so much knowledgeable around economic matters than I am.   :silly:
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Offline roamer_1

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Ignoring  our greatest FIN POTUS (Coolidge), and Trump's ability to channel him into fair trade with the same philosphy.

That's monumental pap.   Unless you are calling Coolidge an idiot too.  But I am sure. (lol) you are so are so much knowledgeable around economic matters than I am.   :silly:

No. Tumpy is no Coolidge. Coolidge would be aghast at Tumpy's Big Beautiful Bill. Horrified by it. You sully the name with the comparison.

THAT is the ridiculous pap - Ignoring the elephant in the room for a pocket full of promises.

And that's all this is - A pocket full of promises. Just like the job promises he claims, bringing industry back to the US. Most of those promises will take years to begin to be kept, and likely won't be kept. But he struts it around like a done deal, waiving it around like a trophy. These tariffs are the same damn thing.

Even if they are real, and immediate in being enacted (which I'll bet they're not), They'll all go right back the other way the minute he steps out of office, if they make it that far... Congress changing hands at the midterm may very well gut everything he's done so far, to include the tariff deals. Just like at the end of his last term , when everything he'd done went up in smoke.

It's a big beautiful plastic banana. He knows it, I know it, and so do you.

Online catfish1957

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No. Tumpy is no Coolidge. Coolidge would be aghast at Tumpy's Big Beautiful Bill. Horrified by it. You sully the name with the comparison.

THAT is the ridiculous pap - Ignoring the elephant in the room for a pocket full of promises.

And that's all this is - A pocket full of promises. Just like the job promises he claims, bringing industry back to the US. Most of those promises will take years to begin to be kept, and likely won't be kept. But he struts it around like a done deal, waiving it around like a trophy. These tariffs are the same damn thing.

Even if they are real, and immediate in being enacted (which I'll bet they're not), They'll all go right back the other way the minute he steps out of office, if they make it that far... Congress changing hands at the midterm may very well gut everything he's done so far, to include the tariff deals. Just like at the end of his last term , when everything he'd done went up in smoke.

It's a big beautiful plastic banana. He knows it, I know it, and so do you.

If it had or down fail you would have seen massive tax increases, but I guess you are okay with that.  I am not totally happy with this either on the spending side, but it sure beats the alternative.  And there will be time to adjust on the fly as we progress. I am and have proved to be the one of the most  conservative members on this site, and maybe the most conservative when it comes to financial matters.  My life is a testament to that.  Still, I am a realist, who can see the freakin' shit hit the fan, if we give the dims cover by us imploding.  Kill this Bill, and Biden's shit is perpetuated.  Do you understand or accept that?

I used to have a strong dislike of Trump too, but I have noticed that you can't give him any props for anything.  That hasn't gone unnoticed.

I view this as Act 1 of the play, except you are treating it like the finale.   We needed a placeholder, establishing and getting rid of things like the Green shit.  As far as Coolidge, did you even bother to read his Econ manifesto?  I'd bet not.  As great as Coolidge was, he did not inherit such an emergency.

I agree with you on some things, but you/ve gone off the loony rail. 
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"I wish it need not have happened in my time," said Frodo.

"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."
- J. R. R. Tolkien

Offline roamer_1

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If it had or down fail you would have seen massive tax increases, but I guess you are okay with that.  I am not totally happy with this either on the spending side, but it sure beats the alternative. 

Oh, bullcrap! All that money 'saved' from USAID and from the decimation of the Dept of Ed - Pushing better than a trillion bucks in 'savings', and it's STILL GONNA COST A COUPLE TRILLION MORE???? Another projected trillion in revenues predicted by his tariff manipulations and still a couple trillion MORE?

He's pissin in your pocket and telling you it's raining. And much to your detriment, you believe him.  **nononono* It's all smoke.

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And there will be time to adjust on the fly as we progress.


Yeah, right.  *****rollingeyes*****

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I am and have proved to be the one of the most  conservative members on this site, and maybe the most conservative when it comes to financial matters.  My life is a testament to that. 


Right. And most times I respect that and consider you a friend from way back.

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Still, I am a realist, who can see the freakin' shit hit the fan, if we give the dims cover by us imploding.  Kill this Bill, and Biden's shit is perpetuated.  Do you understand or accept that?


A COUPLE FREAKIN TRILLLLLLLLION MORE. Trillion. Oh, hell no, of course I don't accept that.

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I used to have a strong dislike of Trump too, but I have noticed that you can't give him any props for anything.  That hasn't gone unnoticed.


Oh bullcrap. Credit where it's due. I just find damn little worthy of credit. One SCOTUS judge from his first term.... That's about it. The rest was in the red before he left office, and whatever he did got overturned the minute he was gone.

Same damn story, different day wrt his second term. Watch and see. A whole lot of this is smoke and mirrors.

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I view this as Act 1 of the play, except you are treating it like the finale.   We needed a placeholder, establishing and getting rid of things like the Green shit. 

He ain't 'got rid' of nothin.

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As far as Coolidge, did you even bother to read his Econ manifesto?  I'd bet not.  As great as Coolidge was, he did not inherit such an emergency.


No. I am familiar in a summary sort of way, but long ago. Anything newer than the Venerable Bede is outside of my wheelhouse. I have some familiarity on newer things, but that ain't where I live. My gig is in the distant past.

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I agree with you on some things, but you/ve gone off the loony rail.

Not at all. My criterion remains exactly the same as always. 'What do we get to keep'. All else don't count. It's vapor. Flatulence for the sheep to inhale. I wonder if you could tick off the things we get to keep from this administration. The list ain't long.

And then a judgement on if the thing we get to keep is good or bad. Whether it meets a Conservative standard. That's been how I roll all the way along. I am utterly immune to the Brylcreme and the Dentyne schwing. Maybe that is why I am unmoved. I stand on principle and nothing else.

I see all y'all being all too willing to have the wool pulled over your eyes.  It's the same hopey-changey crap that's on the left. And I think far too many of y'all forget that patriotism requires that the government is the enemy, not the Democrats. The Democrats wouldn't be able to do anything if the government was back in it's box, and the proper size.

But it's alright. You'll catch on. Something earth-shaking will happen to knock those rose colored glasses off, and you'll yank the wool from your eyes... Just like last time.

But it'll be you eating crow, not @LMAO . And another four years wasted. And bigger and 'better' government to boot.

Offline IsailedawayfromFR

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I used to have a strong dislike of Trump too, but I have noticed that you can't give him any props for anything.  That hasn't gone unnoticed.
  That's been going on a long time, just go back and read the old posts he won't say were wrong.
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I view this as Act 1 of the play, except you are treating it like the finale.   We needed a placeholder, establishing and getting rid of things like the Green shit.  As far as Coolidge, did you even bother to read his Econ manifesto?  I'd bet not.  As great as Coolidge was, he did not inherit such an emergency.
Great observation
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I agree with you on some things, but you/ve gone off the loony rail.
TDS exists on this site as well, and it clouds clear thinking.
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Offline roamer_1

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  That's been going on a long time, just go back and read the old posts he won't say were wrong.

You can try to school me if you like. I admit fault more than most on here, and I am happy to say I was wrong. It doesn't happen often, but it does happen to me, just like everyone else. So I cry bullshit on that.

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Great observation TDS exists on this site as well, and it clouds clear thinking.

Not anywhere near as much as girl-crush fanbois. In fact, look at the stats, and look at who don't come around anymore. Y'all are driving off business like it's freerepublic. There's but a handful of actual Conservatives left on what erstwhile has been a Conservative site.

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Just for the record @roamer_1 I only differ with you on expectations. I'm a realist and you expect instant miracles. Same as always, everyone here wants to get to the same place but never agree on who's car to make the ride in.
"I wish it need not have happened in my time," said Frodo.

"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."
- J. R. R. Tolkien

Offline roamer_1

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Just for the record @roamer_1 I only differ with you on expectations. I'm a realist and you expect instant miracles. Same as always, everyone here wants to get to the same place but never agree on who's car to make the ride in.

No @Bigun , I do not expect miracles. I do expect 'stuff we get to keep'. And with Republicans in control of all three houses (for how many times now?), it ain't a big ask. But that has been my measuring stick all the way along.

Now, I will concede that there ought to be room for 'Well, here we are... Might as well make the best of it'... And I will admit that I refuse to allow for that. But not without reason. Republicans have been taught to settle. Part of that is optimism and looking for a silver lining. But settling for *NOTHING* is entirely too far. And that is where we are.

So you'll have to forgive me for keeping all y'all's nose on the grindstone. That's why. It's too easy to lose your perspective in all this rah-rah bullshit. And you party for four years and wake up with nothing but a hangover from hell. The ball never got moved an inch. Four years.. fine. I get it. But thirty years? forty? Over and over again?

No. Keep your eye on the ball. What matters is what we get to keep.

Online catfish1957

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Just for the record @roamer_1 I only differ with you on expectations. I'm a realist and you expect instant miracles. Same as always, everyone here wants to get to the same place but never agree on who's car to make the ride in.


@roamer_1
The is the whole jest of the matter.  Good 'ol Roamer is the king of Bitching and Naysaying. 

So, I ask him.....   rather than bitching, provide us your 10 step plan of how to fix it.  And these 10 steps needs to be plausible and do-able in the political environment we are in.  Will wait for your list.
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Offline roamer_1

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@roamer_1
The is the whole jest of the matter.  Good 'ol Roamer is the king of Bitching and Naysaying. 

So, I ask him.....   rather than bitching, provide us your 10 step plan of how to fix it.  And these 10 steps needs to be plausible and do-able in the political environment we are in.  Will wait for your list.

@catfish1957
No list. Stop falling for head-fakes. Stop looking at shiny shit. Demand Conservatism out of your representatives and settle for nothing less. Kick em out if they fail and put in another with cold, undying precision.

Stop friggin settling. and be ready to do hard work over a long haul. This plastic banana, easy-bake bullshit has got to stop.

The goal is 'stuff we get to keep'.
And the only way to get there is to elect a Conservative Congress, jealous of its powers.

That is the only, ONLY way forward. That is the fix. The TEA Party was right.

Offline roamer_1

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And don't tell me it can't be done.

Stop defending the most expensive administration in the history of Man.
You're supposed to be fiscal Conservatives, for crying out loud.  *****rollingeyes*****

Online Bigun

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No @Bigun , I do not expect miracles. I do expect 'stuff we get to keep'. And with Republicans in control of all three houses (for how many times now?), it ain't a big ask. But that has been my measuring stick all the way along.

Now, I will concede that there ought to be room for 'Well, here we are... Might as well make the best of it'... And I will admit that I refuse to allow for that. But not without reason. Republicans have been taught to settle. Part of that is optimism and looking for a silver lining. But settling for *NOTHING* is entirely too far. And that is where we are.

So you'll have to forgive me for keeping all y'all's nose on the grindstone. That's why. It's too easy to lose your perspective in all this rah-rah bullshit. And you party for four years and wake up with nothing but a hangover from hell. The ball never got moved an inch. Four years.. fine. I get it. But thirty years? forty? Over and over again?

No. Keep your eye on the ball. What matters is what we get to keep.

I don't have to forgive you for anything @roamer_1 because there is nothing for me to forgive. The other side wins because they will brook no dissent while WE remain locked in this circular firing squad.
« Last Edit: Today at 07:00:04 pm by Bigun »
"I wish it need not have happened in my time," said Frodo.

"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."
- J. R. R. Tolkien

Offline roamer_1

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I don't have to forgive you for anything @roamer_1 because there is nothing for me to forgive. The other side wins because they will brook no dissent while WE remain locked in this circular firing squad.

That's right @Bigun . But the only way that resolves is for Reagan to drive the bus.

That means no conservative faction left behind. That's why Reagan is the father of modern Conservatism. That is what he gave us.

It is no skin off your nose to defend another faction so long as your faction is likewise defended. That means NOBODY goes under the bus. Defend ALL of Conservatism. Then the conservative juggernaut will rise up and restore what has been taken.

And the bulwark for that is a Reaganite Conservative Congress.

Online Bigun

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That's right @Bigun . But the only way that resolves is for Reagan to drive the bus.

That means no conservative faction left behind. That's why Reagan is the father of modern Conservatism. That is what he gave us.

It is no skin off your nose to defend another faction so long as your faction is likewise defended. That means NOBODY goes under the bus. Defend ALL of Conservatism. Then the conservative juggernaut will rise up and restore what has been taken.

And the bulwark for that is a Reaganite Conservative Congress.

One question my friend. Who here do you think has abandoned their conservatism? Name names. @roamer_1
"I wish it need not have happened in my time," said Frodo.

"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."
- J. R. R. Tolkien

Offline Right_in_Virginia

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That's right @Bigun . But the only way that resolves is for Reagan to drive the bus.

That means no conservative faction left behind. That's why Reagan is the father of modern Conservatism. That is what he gave us.

It is no skin off your nose to defend another faction so long as your faction is likewise defended. That means NOBODY goes under the bus. Defend ALL of Conservatism. Then the conservative juggernaut will rise up and restore what has been taken.

And the bulwark for that is a Reaganite Conservative Congress.

Tell us were Reagan would drive in this very circumstance, --- with today's exact Congress. 




« Last Edit: Today at 07:48:53 pm by Right_in_Virginia »

Online catfish1957

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That's right @Bigun . But the only way that resolves is for Reagan to drive the bus.

That means no conservative faction left behind. That's why Reagan is the father of modern Conservatism. That is what he gave us.



LMAO...

Sorry @roamer_1   I love Reagan as much as the next conservative, but here is a fact you might have forgotten.....


Fed deficit...  Jan 1 1981.  Beginning of Reagan's term-  $79B
Fed deficit.... Jan. 1, 1989  End of Reagan's term .-  $153B

Care to rephrase or retract?

https://www.thebalancemoney.com/us-deficit-by-year-3306306
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Offline IsailedawayfromFR

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@roamer_1
The is the whole jest of the matter.  Good 'ol Roamer is the king of Bitching and Naysaying. 

So, I ask him.....   rather than bitching, provide us your 10 step plan of how to fix it.  And these 10 steps needs to be plausible and do-able in the political environment we are in.  Will wait for your list.
Quote
And the bulwark for that is a Reaganite Conservative Congress.

Well, gee willikers, that would be dandy to have, same me as having $20 million in my bank account.

But that just don't happen and that is no plan at all, as we have to play the hand dealt us instead of wishful thinking.
“You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing.” Thomas Sowell