Eleanor Pringle
In the days after President Trump’s April 2 tariff announcement, members of his administration said phones had been ringing off the hook as world leaders lined up to cut new deals.
But the rhetoric out of Trump’s cabinet has begun to change since Trump put a 90-day pause on the “reciprocal” tariffs on April 9, with Treasury Secretary Scott Bessent now drumming up pressure to push at least a single agreement through.
Nearly two weeks have passed since the “Liberation Day” announcement and more than 75 countries have reportedly contacted the White House to come to new terms.
Foreign leaders have made it clear they want to negotiate with Uncle Sam, with the EU going as far as saying it wants zero trade barriers between the nations.
Trade negotiations are no small undertaking, with billions of dollars of goods and services on the line and potential regulatory changes also an option. But while the Trump administration made it clear it wants to act quickly, not a single deal has yet to be signed even with Canada and Mexico, who were first subjected to tariff threats back in January.
No comments:
Post a Comment