A world-renowned economist has changed his tune on President Donald Trump's tariffs.
Torsten Sløk, a chief economist at Apollo Global Management, posted a new note admitting that his initial reaction to the policy may have been wrong.
'Maybe the administration has outsmarted all of us,' he wrote.
The admission comes just months after Sløk warned the tariffs would be ‘painful’ and economically destabilizing.
Experts speaking to DailyMail.com warned that Americans should take his note with a grain of salt.
But now, he's framing the President’s policy as a clever long-game — one that invites global negotiation while increasing federal revenue.
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