Former Reagan Economic Adviser Art Luffer discusses President Donald Trump's claim that the United States is being destroyed by other countries in Warren and Company.
While Wall Street from the last market turmoil due to the global tariff of President Donald Trump, two prominent economists say the president may be in a stronger position than many people think.
“He has made them (foreign nations) a situation that loses access to the US market if they do not compensate for the kinds of inequalities they have done,” he said. ActorA former Economic Advisor to President Reagan, while in the “Warren and the Company. , “Tuesday.
Lofra with Economist Steve Moore, entitled “Wall Street Journal” titled “as”A win -win strategy for Trump about tariffs“This piece expresses an approach that they believe can reduce the growing trade war and even lead to a wider economic increase.
Their proposed solution: President Trump must provide a global television address and urged all countries to eliminate industry tariffs and subsidies, promising the United States to do so.
Economists wrote: “This will be the final policy of mutual tariff.”
President Donald Trump shows the signed executive order imposing tariffs on imported goods during an event at the White House on April 2. (Andrew Harnic / Giti Pictures / Giti Pictures)
“President Trump and the United States are gaining high trade disputes. It is an enlightener to see the nations apparently accepting” free trade “by Mr Trump's challenge.”
Economists argue that such a move is not out of personality for Trump. At the G7 2018 summit in Quebec, Trump made a similar offer, saying, “Without tariffs, no obstacles. This is the way to be. And there is no subsidy.”
Lofra and Moore claim that after that, many countries were exposed to accountability and were exposed to the “Free Trade” countries.
National Economic Council It is queen It has been reported that after the last round of tariffs, it has confirmed the climb in the field of external access.
New York, New York – March 28: Traders work on March 28, 2025 in New York City on the New York Stock Exchange (NYSE). As the intensification of President Trump's trade war and inflation signs, investors, Dow Jones Industrial Average ( (Spencer Platt/Getty Images)
“We are currently managing a lot of requests for negotiation,” he said.
Moore, to talk “American News Room'Tactics of the Trump's negotiation, praised,
“I'm just amazed at Trump that he is a great negotiator. So he is essentially pushing these countries … it's almost like a game of music seats, you don't want to stand.
However, economists warn that timing is very important.
“If these tariffs come and stay for a long time … this will be catastrophic for the United States and the global economy,” Lofer said.
But if the president can successfully negotiate world trade policy?
Steve Moore, a former Trump economic adviser, reached new trade agreements with the United States while countries seeking to announce President Donald Trump's tariff.
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“He may win a Nobel Peace Prize,” Moore said.
“If Donald Trump can eliminate this and get these countries to reduce his tariffs, it's good for everyone. The global economy will be better.”