Real Estate Tycoon, who has stopped his reputation as a Ghagh Dealemker, began an aggressive strategy of punitive tariffs, which his administration predicted that “90 deals in 90 days” could be brought.
Score so far? Two. Three if you count a temporary de-siscality agreement with China.
The 90-day time limit was to be held on July 9, which included dozens of economies. European UnionIndia and Japan are facing Tariff hike Without a deal.
But before arriving, Trump released a delay on 1 August.
This was his second expansion since unveiling the tariff in April-ruling on “Taco Theory”, which has obtained traction among some Wall Street Traders. This brief name coined by a financial Times writer “Trump always takes out the chickens,” exposing the President’s inclination back to policies if Secretary Scott Sabet, Trump, to Trump.
But the label harassed Trump and he stressed on Tuesday that the time limit was always in August.
Trump said in a cabinet meeting, “I did not make a change. An explanation, maybe, maybe,” Trump said in a cabinet meeting.
This week, he published more than 20 letters to determine tariff rates to world leaders including Japan, South Korea and Indonesia.
“We invite you to participate in the extraordinary economy of the United States, the number one market in the world, so far,” wrote by Trump.
He also issued letters to the European Union, Canada, Mexico and Brazil – although Brazil first faced a separate tariff regime by stipper “mutual” tariffs and Canada and Mexico.
The documents “appear as a way to combat Trump’s Taco Label,” Inu Standard said, for a partner business policy In the council on foreign relations.
“He wants to show that he can only down the road on a time limit, but he means business,” he told AFP.
“He is probably disappointed that there is no parade of deals.”
‘Politically complex’
“There is no cost – no cost – foreigners have paid tariffs” from “a short term cost, but a long -term benefit” has put them in a more politically complex position. ,
Trump repeatedly claimed that foreign countries set the bill for tariffs, although reality is more complex with American companies that usually pay them.
Former US Commerce Officer, Rinsch said, “The public’s mind, there are tariff pain, and the agreement will benefit.”
He warned that without Trade agreementThe Americans could conclude that Trump’s strategy was flawed and thwarted his strategy.
While the 90-Sawa target was probably unreal, Rinash said, “It is clear that three (UK, China, Vietnam) are very small with only one real text.”
pay attention
Meanwhile, Trump has announced a 50 percent levy on copper imports from 1 August.
Commerce Secretary Howard Lutnik said that the officers will also examine semiconductors and pharmaceuticals-which can lead to tariffs at the end of the month.
Manak said, “This is not a coincidence – it lines with a new time limit of August 1, combines more pressure and attracts attention to the lack of deals made in that time,” said Manak.
Analysts believe that Trump’s supporters probably do not pay much attention to business talks unless tariffs fuel fuel inflation.
Emily Banson, head of the strategy at Minerva Technology Futures, said, “The business policy is not at the top for the average voter.”
She expects the Trump administration to boost American manufacturing and re -strengthen the defense industrial base means that it may be ready to bear some political heat to achieve those objectives.
But this is a delicate balance.
Voters may have probably paid more attention if Trump chases through his August tariff hazards, the standard said.
“And we could also see a negative market response, which will not pay attention to anyone.”
