Since President Trump announced that he drawed high rates for countries around the world, he has predicted that they would force trading partners to sign large deals that are beneficial for the United States.
But on Tuesday, with the Canadian Prime Minister who sits next to him in the Oval Office and no new trade agreement between the two countries reached, Mr Trump had another message for the public: “We don’t have to sign deals.”
“Everyone says:” When, when, when are you going to sign deals? “” Said Mr Trump, at one point that moved to Howard Lutnick, the commercial secretary. “We don’t have to sign deals. We can now sign 25 deals, Howard, if we wanted to. We don’t have to sign deals. They have to sign deals with us. They want our market. We don’t want a piece of their market. We don’t care about their market.”
Within a few days after the announcement of 2 April of the widespread rates, officials of the White House said who are already calling around 70 countries to close deals. Mr. Trump’s trade adviser predicted that there would be 90 deals in 90 days.
But more than a month later, such deals did not come true. And the clock taps.
Mr. Trump predicted that the first deals could be signed this week. But administration officials also made that prediction the week before, and the week before.
On Tuesday, the president told the members of the press around him that he would soon have an important announcement, but warned that it might not be a trading deal.
“You keep writing about deals, deals,” when are we going to sign? “Said Mr Trump, annoyed sounding about the questions of reporters.
At another point he viled: “I wish they would stop asking how much deals you sign this week.”
Then Mr. Trump seemed to change the definition of a deal of a two -sided agreement in a one -sided question.
In the next two weeks, the president said, he sat down with his best assistants and making one -sided ‘deals’ that would announce the administration without the participation of other countries.
“One day we will come and we will give you 100 deals,” said the president.
On Capitol Hill said Scott Bessent, the Treasury Security, which struck a less freewheeling -that some trade agreements could be announced this week.
Mr. Bessent said a house committee that he negotiated with 17 large trading partners, but not with China, the largest economy in the world after the United States.
“Many of our trading partners have approached us with very good offers,” he said.
Negotiating trade agreements is famous complex and time -consuming.
The Peterson Institute for International Economics said in a 2016 analysis These negotiations on a single trade agreement can often take more than a year, while implementation can take several years.
And for the trade agreements that Mr Trump reaches, he can quickly acidify. The most important trade agreement of his first term was the US-Mexico-Canada agreement, the president now says he wants to negotiate again.
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