As expected, Trump looking for off-ramps

[Septua]

Trump got to have his big moment in the Oval Office flanked by Lord Peter Mandelson, the UK ambassador to the United States, as well his Commerce Secretary Howard Lutnick, his Vice President JD Vance and his Agriculture Secretary Brooke Rollins. Mandelson even flattered Trump by suggesting that he buy a Rolls Royce the way the president had purchased a Tesla from Elon Musk at the White House.

But looking under the hood, Trump’s trade deal is not as expansive as he would like to portray it and it certainly is not the major breakthrough he promised either on the campaign trail or on his “Liberation Day” announcements.

But so far, it does not seem clear Trump has an off-ramp for de-escalating trade tensions with other countries, namely China, Japan, Canada, Mexico or South Korea. When Trump announced his initial pause on the tariffs, he pledged there would be 90 deals in 90 days. That number has come down to 75 deals and the White House said last month it had only been speaking to 34 countries.

Trump needed to show some signs of progress on trade. Polling shows voters are dissatisfied with his performance on the economy. Voters increasingly say Trump bears responsibility for the economy and his numbers on the economy have nosedived.

https://www.yahoo.com/news/trump-concepts-plan-trade-deal-193229019.html

[Bernardo de La Paz]

1. Even the regime's own charts said $5 and $6 Billion, a pittance for both economies. . . nt

[LetMyPeopleVote]

2. Maddow Blog-Trump's 'trade deal' with the United Kingdom isn't yet an actual trade deal

Last edited Fri May 9, 2025, 02:23 PM - Edit history (1)

The president said he’s reached a “conclusive” and “comprehensive” trade deal with the U.K. Reality suggests otherwise.

Whether Navarro understands this or not, Trump's "conclusive trade deal" with the UK is neither conclusive nor a trade deal:

Link to tweet

https://www.msnbc.com/rachel-maddow-show/maddowblog/trumps-trade-deal-united-kingdom-isnt-yet-actual-trade-deal-rcna205623

It’s easy to understand why Donald Trump might be embarrassed by his lack of second-term trade deals. About a month ago, Peter Navarro, the White House’s top trade adviser, boasted in March, “We’re going to run 90 deals in 90 days.” Navarro added that such a plan “is possible” in part because “the boss is going to be the chief negotiator.”....

On Wednesday night, the president used his social media platform to announce that the White House had struck a “MAJOR TRADE DEAL.” The following morning, he added that a “full and comprehensive” trade agreement is in place with the United Kingdom, which was soon followed by another online item in which Trump claimed, “Together with our strong Ally, the United Kingdom, we have reached the first, historic Trade Deal since Liberation Day.”

It all sounded rather exciting — right up until the public learned that the “trade deal” isn’t an actual trade deal, at least not yet. NBC News reported:

The U.S. is working toward finalizing a narrow trade deal with the United Kingdom, President Donald Trump said Thursday, a small step as the White House pursues an aggressive tariff agenda across the globe. According to a document furnished by the U.K., the agreement will see duties on U.K. car imports reduced from 27.5% to 10%, while tariffs on U.K. steel imports will be dropped. In return, the U.K. is lowering trade barriers on U.S. beef imports and ethanol.

The emerging picture is one in which the White House has settled on a non-binding framework for a possible future deal with the United States’ 11th largest trading partner. This sets the stage for a series of additional talks — negotiations that will likely last months — that may or may not lead to an agreement......

The problem, of course, is that the first part of the claim is plainly at odds with the second: If an agreement is still taking shape and is likely to undergo a series of changes, then the new framework obviously is neither “conclusive” nor “comprehensive.”

In his first term, Trump had an unfortunate habit of wildly exaggerating the scope and scale of his narrow trade agreements. In his second term, the Republican is apparently picking up where he left off.