Thursday, July 10, 2025

Trump promised 200 deals by now. He’s gotten 3, and 1 more is getting very close

 https://edition.cnn.com/2025/07/09/business/tariff-trade-deadline-delay-trump-bessent

At the conclusion of his first 100 days in office in late April, President Donald Trump made a stunning statement about his progress on tariff negotiations: He had completed trade deals with 200 countries. More than two months later, Trump has announced just three of those agreements – with China, the United Kingdom and Vietnam.

So what happened?

Wednesday marks the day that Trump had set three months ago as a deadline for all countries to reach a deal or face higher “reciprocal” tariffs. Trump has since publicly acknowledged that pausing those “Liberation Day” tariffs until July 9 left insufficient time to negotiate with practically every country around the world.

Trump had initially expected to complete more trade deals by Wednesday’s deadline, but in recent weeks he’s been convinced that landing those deals can’t happen more swiftly, sources familiar with the matter tell CNN. That’s why his public rhetoric has shifted in recent weeks to saying he would send out letters that set higher tariffs on America’s trading partners, effectively getting results on the board while talks continue.

So Trump agreed to push the deadline back to August 1 to give countries that are close to a deal a little more time for talks – particularly the European Union, which is on the verge of announcing a trade deal with the United States.

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