Economists Steve Moore and Art Laffer say Trump’s tariff strategy could be a “win” in global trade.
Art Laffer, a former economic advisor to Reagan, discusses President Donald Trump’s claim that the United States has been “twound” by other countries of “Varney & Co.”
While Wall Street is caught up in the latest market turbulence caused by President Donald Trump’s global tariff standoff, the two prominent economists say the president may be in a stronger position than many think.
“He put them (the foreign country) in a position where they would lose access to the US market if they didn’t bail out these types of inequality they had committed.” Art RufferPresident Reagan’s former economic adviser, is on the rise.”Varney & co. ,” Tuesday.
Lafar, along with economist Steve Moore, co-authored the Wall Street Journal, Op-Ed.Trump’s Win-Win Exit Strategy on Tariffs. ” This work outlines an approach that believes it could eliminate the growing trade war and lead to even broader economic benefits.
Their proposed solution: President Trump should submit a globally aired address calling for all countries to eliminate tariffs and industrial subsidies, and pledges to pledge in return for the United States.
“This will be the ultimate mutual tariff policy,” the economist wrote.
Trump says he made a “great call” with the South Korean leader.
President Donald Trump presents a signed executive order during an event at the White House on April 2nd, which imposed tariffs on imports. (Andrew Harnik / Getty Images / Getty Images)
“President Trump and the United States will regain moral highlands in trade conflicts. It will be enlightening to see which “free trade” countries will embrace Trump’s challenge. ”
Economists argue that such a move is not out of character for Trump. At the 2018 G7 Summit in Quebec, Trump made a similar offer, saying, “There are no tariffs, no barriers, that’s how it should be. And there are no subsidies.”
Laffer and Moore claimed that many countries were in a hurry to respond after the offer, revealing which “free trade” countries didn’t want to track them down.
Director of the National Economic Council Kevin Hassett It reportedly confirmed an increase in foreign outreach following the latest tariffs.
NEW YORK, NY – March 28: Traders work on the floor of the New York Stock Exchange (NYSE) on March 28, 2025 in New York City. As Trump’s trade war and inflation signs are concerned with investors, Dow Jones’ industrial average ( (Spencer Platt/Getty Images)
“Now we’re managing the huge number of requests for negotiations,” he told Fox’s Dana Perino on Tuesday.
Moore, I’m talking.”American Newsroom“Praise Trump’s negotiation tactics,
“I’m amazed at Trump that he’s a great negotiator, so he’s basically putting pressure on these countries… It’s like a game of music chairs and you don’t want to be anything that’s left. So I think you’re watching these calls flying.”
Still, economists warn that timing is important.
“If these tariffs were in for a long time… that would be disastrous for the US and the global economy,” Laffer said.
But what if the president can successfully negotiate changes in global trade policy?
Former Trump economic adviser Steve Moore is heavy as countries are about to reach a new trade deal with the United States following President Donald Trump’s tariff announcement.
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“He might win the Nobel Peace Prize,” Moore said.
“If Donald Trump can pull this off and reduce tariffs on these countries, that would be good for everyone. The global economy would be better.”