Trump's trade blitz produces few deals, lots of uncertainty

Wednesday, July 09, 2025

President Donald Trump and his advisers promised a lightning round of global trade negotiations with dozens of countries back in April. White House trade adviser Peter Navarro predicted "90 deals in 90 days." Administration officials declared that other countries were desperate to make concessions to avoid the massive import taxes -- tariffs -- that Trump was threatening to plaster on their products starting July 9.

Posted by LampLighter at 06:20 PM | 4 COMMENTS | permalink | Comment on This Entry |

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... But the 90 days have come and gone. And the tally of trade deals stands at two -- one with the United Kingdom and one with Vietnam. Trump has also announced the framework for a deal with China, the details of which remain fuzzy.

Trump has now extended the deadline for negotiations to Aug. 1 and tinkered with his threatened tariffs, leaving the global trading system pretty much where it stood three months ago " in a state of limbo as businesses delay decisions on investments, contracts and hiring because they don't know what the rules will be. ...

#1 | Posted by LampLighter at 2025-07-09 06:21 PM | Reply

... Tariff revenues "are being used essentially to give you things like tax cuts and it's just going to get better and better as these deals get unfolding," Navarro said. ...

#2 | Posted by LampLighter at 2025-07-09 06:24 PM | Reply

@#2

So, Mr Navarro lied about the 90- deals in 90 days?

And now he is trying to make us believe that the tax-cuts for billionaires, and the huge deficit increase they will cause, are beneficial to the American consumer?

Fool me once, shame on you ...

#3 | Posted by LampLighter at 2025-07-09 06:26 PM | Reply

... and if I may repeat a comment I posted a couple three days ago ...

A letter to a country on social media, stating unilaterally that a tariff will be applied, is not a "trade deal."

It is a dictum.

Nothing more, nothing less.

#4 | Posted by LampLighter at 2025-07-09 07:34 PM | Reply