He proposed that extending the adjustment period for businesses and trade partners by an additional 12 months could reduce uncertainty, which in turn might support continued economic growth. According to Sløk, such a strategy could potentially generate up to $400 billion annually in revenue for the U.S. government while encouraging domestic production and negotiations for more balanced trade relationships.
While trade tensions have created challenges—particularly in the form of retaliatory tariffs that may lead to increased costs for consumers—some analysts now see signs that the U.S. economy is weathering these pressures more effectively than expected.
Both the S&P 500 and Nasdaq indexes closed at record highs on June 27, reflecting investor confidence amid a complex global trade landscape.
Sløk’s latest comments reflect a broader debate on the long-term impact of tariffs and how they influence international trade dynamics. As negotiations continue, the focus remains on finding a balance between protecting domestic industries and maintaining strong global partnerships.
Whether these strategies will produce lasting benefits remains to be seen, but for now, markets are responding with optimism.