Top economist who previously sounded the alarm on tariffs sees a possible scenario where Trump ‘outsmarted all of us’

• 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...