Economists say “The world will flourish” from tariff trade negotiations
Former Reagan economic adviser Art Laffer discusses President Donald Trump’s claim that the United States has been “twound” by other countries of “Varney & Co.”
“Former Reagan economic adviser Art Laffer said Tuesday.”Varney & co“The world and us will both benefit from President Donald Trump’s tariffs and trade negotiations arising from them.
His appearance on “Varney & Co” came after he and Stephen Moore wrote a piece entitled “Title.”Trump’s Win-Win Exit Strategy on Tariffs“It was published in the Wall Street Journal on Monday.
Former Reagan economist discusses the US economy regarding “Kabuto: Coast to Coast.” (Fox News)
“The strategy that is beneficial to both sides is Trump just amazing in negotiations,” Laffer said Tuesday, adding that President Donald Trump “has a much higher tariff and non-tariff barrier and quota” would be to clash with the president’s latest taxation.
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“But what he’s doing now is that if they don’t bail out these types of inequality they’ve done, they’ve got them in a position where they’re losing access to the US market,” the former economic adviser continued. “And Trump is a master negotiator and I watch these people call Trump. Negotiate more free trade transactionsmainly lowering tariffs, we’re lowering, or even even lowering, they’re much lower than they are now, lowering those tariffs considerably, and it wins, it’s a victory. ”
Last week, Trump announced new tariffs on goods imported from abroad, including 10% baseline collection and “individualized higher tariffs” in certain countries that hold large trade obstacles with the United States.
US President Donald Trump holds the “mutual tariffs” chart while speaking during the “American wealthy Again” trade announcement event at Rose Garden held at the White House on April 2, 2025 in Washington, DC. (Chip Somodevilla / Getty Images / Getty Images)
Treasury Department Scott Bescent told Fox Business’s Larry Kudlow on Monday that he was “closing 50, 60, perhaps 70 countries that are approaching us.”
“The world thrives Amazing economyand the US will be in perfect and beautiful form for economic growth,” Laffer said of negotiating a new trade deal from tariffs.
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He said Trump “already” threatened tariffs and threatened the country that he was willing to negotiate.
“The exit strategy now is that he doesn’t impose those tariffs. He will take those tariffs. If he excludes our tariffs, we will reduce the tariffs in those countries.
Laffer warned that tariffs have been in force and remained in force for a long time, and that “there is a major escalation of tariffs.” It’s “disastrous” for both the US and the global economy.
Trump said, “We should be able to negotiate with them to remove our tariffs.”
“Everyone loses a trade war, but we don’t all lose the same amount. Americans lose much less than foreigners, so they have an incentive to go down to the table and really drop tariffs on our products,” he said. “That would help them too. So their tariffs on our products would hurt their country.”
President Donald Trump presents a signed executive order that imposes tariffs on imports during a “American wealthy” trade announcement event at Rose Garden held at the White House on April 2. (Andrew Harnik / Getty Images / Getty Images)
Mutual import duties It will be live on Thursday. The baseline 10% tax came into effect late last week.
This is all countries working on trade deals with the US.
“They will remain in place until President Trump decides that the threat posed by the trade deficit and the underlying non-regenerative treatment will be met, resolved or alleviated,” the White House said in a fact sheet on April 2.
Israel, Japan, Vietnam, Argentina and Indonesia are some of the countries pursuing negotiations with the Trump administration.