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As the stock markets recorded a record closing high on Friday (June 27), one top economist has conceded that he might have gotten it wrong
One of the top economists on Wall Street has suggested President Donald Trump may have ‘outsmarted us all’ with his tariff policies.
Upon reclaiming the Oval Office in January, the 79-year-old wasted no time at all in placing heavy levies on some of America’s most vital trading partners – Canada, Mexico and China, before then implementing taxes on imports from every country and island worldwide.
Bizarrely, that included an island inhibited only by seals and penguins. Countries that fought back against the administration’s reciprocal tariffs, were hit with heavier levies.
China ended up the worst hit due to President Xi Jinping placing counter-tariffs on the US, resulting in taxes as high as 145 percent being placed on some Chinese goods coming into the US.

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