Trump made trade his biggest issue. Now he’s running out of time
CNN
Despite unprecedented immigration raids, a massive domestic policy agenda and now the prospect of actual war, President Donald Trump’s first five months in office have nevertheless been dominated by his trade war. He notched some recent wins, but Trump is rapidly running out of time to seal the deal.
Despite unprecedented immigration raids, a massive domestic policy agenda and now the prospect of actual war, President Donald Trump’s first five months in office have nevertheless been dominated by his trade war. He notched some recent wins, but Trump is rapidly running out of time to seal the deal. Or, more accurately, deals. More than 100 of them. After pausing his “Liberation Day” tariffs that sent levies surging for dozens of countries’ exports to the United States, Trump has sought to make a number of bilateral trade deals that would open American businesses’ access to foreign markets and boost US manufacturing. The deadline is July 9. Trump has just two deals to show for his efforts over the past two months. Trump and other world leaders had hoped to use the G7 meeting in Canada this week to hammer out more. The announcement of new deals could have solidified confidence that the US and global economies could avoid a recession this year – a major question mark that most economists believed was a distinct possibility just a few weeks ago. The degree to which Trump – his preferences and, more importantly, his aversions – shaped the structure, logistics, schedule and deliverables planned for the summit underscored the shared view of Trump’s singular importance in this moment. It was Trump’s time that was most coveted, and the subject of intense efforts in the weeks before to secure bilateral sit-downs or pull-aside chats on the sidelines of the official events, US and foreign officials said.
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