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Trump's Tariff Strategy: $400 Billion Windfall Anticipated

6/29/2025

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Summary

Story summary

Torsten Sløk, chief economist at Apollo Global Management, believes President Trump's tariff strategy is more calculated than many realize. By proposing a 30% tariff on China and 10% on other nations, he envisions a year for trade partners to adapt, potentially raking in $400 billion annually and easing market anxieties.

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Story summary

Torsten Sløk, chief economist at Apollo Global Management, believes President Trump's tariff strategy is more calculated than many realize. By proposing a 30% tariff on China and 10% on other nations, he envisions a year for trade partners to adapt, potentially raking in $400 billion annually and easing market anxieties.