Trump’s trade deals are stalling out at the worst possible time
CNN
With just a week and a half remaining of a 90-day pause on President Donald Trump’s “Liberation Day” tariffs, the White House is running out of time to negotiate its long-promised trade deals that could bring some certainty to a chaotic economy.
With just a week and a half remaining of a 90-day pause on President Donald Trump’s “Liberation Day” tariffs, the White House is running out of time to negotiate its long-promised trade deals that could bring some certainty to an increasingly uneasy economy. But with just two trade frameworks inked and dozens to go before the July 9 deadline, that timeframe appears increasingly unlikely — just as America’s economy might be taking a turn for the worse. For months, the Trump administration has said deals are imminent, working with 18 key partners to lower trade barriers while hundreds of other countries wait in line to get out from under the burden of higher tariffs. But the timeframe continues to shift. “I’ve made all the deals,” Trump said in a Time interview in late April, saying trade negotiations with foreign partners were nearly complete. “I’ve made 200 deals.” More than two weeks later, Trump acknowledged that hundreds or even dozens of deals aren’t possible on such a short timeframe — a point he reiterated Friday at a press briefing at the White House. “You know, we have 200 countries,” Trump said. “We can’t do that. So at a certain point, over the next week and a half or so, or maybe before, we’re going to send out a letter. We talked to many of the countries, and we’re just going to tell them what they have to pay to do business in the United States. And it’s going to go very quickly.”
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