I admire the diligence of the hard working staff at Drezner World's pursuit of elusive news of trade deals being progressed with the Trump administation. Such diligence for so little reward. I'm inclined to think that the buttocks of the Great Man have been curiously unkissed by desperate leaders of other countries seeking deals. My guess he misstook them from the many of his hard working flunkies.
Here's the art of the deal: partners are talking (talk is cheap!) but nothing is going to happen for a while because they are waiting for Trump to become desperate, and they will extract maximum concessions from the US.
Trump may be able to fool his followers into believing he's a good negotiator, but in real life he's being eaten alive.
I hope countries submitted nothing or “let’s go back to how things were.” They should make their “best deals” public to make Donnie look like the fool he is.
So are the Liberation Day tariffs back in place? Just 10% across the board ... except for steel (and aluminum?) which are at 50%? Do I need an intra day trading chart again?
Could our trade partners be waiting for the next round of court decisions in the US, e.g. from one or more US courts of appeal following initial rulings against Trump's tariffs in I think a couple of US district courts (ref his use of IEEPA)? No idea what the expected timelines are for the potential next round of court decisions - whether those might be expected before the 90-day window closes. Just wondering. If the way Trump imposed these tariffs is deemed illegal by courts of appeal, why would a trade partner stick their neck out and 'unnecessarily' make a deal until SCOTUS has finally resolved the issue or Trump decides to go a different route?
Trump will announce many agreements in principle (i.e., vague promises to do something some day), declare it a victory, and continue to pause the tariffs.
The stock market will swoon and surge and half the country will cheer the Art of the Deal.
Seems to be worth mentioning that, after the CIT ruling overturning the IEEPA tariffs (now stayed), Trump's bargaining power ain't what it used to be. Whew!
Interestingly enough, the Reuters story has the USTR mention the court ruling in their initial letter: "Regardless of ongoing litigation concerning the President’s reciprocal tariff action in U.S. courts, the President intends to continue this tariff program pursuant to other robust legal authorities if necessary, so it is important that we continue our discussions on these matters."
And the USTR is at least partially correct -- there are other authorities the President could rely on to raise tariffs somewhat.
I admire the diligence of the hard working staff at Drezner World's pursuit of elusive news of trade deals being progressed with the Trump administation. Such diligence for so little reward. I'm inclined to think that the buttocks of the Great Man have been curiously unkissed by desperate leaders of other countries seeking deals. My guess he misstook them from the many of his hard working flunkies.
Here's the art of the deal: partners are talking (talk is cheap!) but nothing is going to happen for a while because they are waiting for Trump to become desperate, and they will extract maximum concessions from the US.
Trump may be able to fool his followers into believing he's a good negotiator, but in real life he's being eaten alive.
trump has set up the perfect situation for him to negotiate against himself!
Trump promise comes and goes
Dog bites man.
I hope countries submitted nothing or “let’s go back to how things were.” They should make their “best deals” public to make Donnie look like the fool he is.
The taco Tuesday that never ended.
So are the Liberation Day tariffs back in place? Just 10% across the board ... except for steel (and aluminum?) which are at 50%? Do I need an intra day trading chart again?
Could our trade partners be waiting for the next round of court decisions in the US, e.g. from one or more US courts of appeal following initial rulings against Trump's tariffs in I think a couple of US district courts (ref his use of IEEPA)? No idea what the expected timelines are for the potential next round of court decisions - whether those might be expected before the 90-day window closes. Just wondering. If the way Trump imposed these tariffs is deemed illegal by courts of appeal, why would a trade partner stick their neck out and 'unnecessarily' make a deal until SCOTUS has finally resolved the issue or Trump decides to go a different route?
TACO is still my favorite sandwich!😆
Trump will announce many agreements in principle (i.e., vague promises to do something some day), declare it a victory, and continue to pause the tariffs.
The stock market will swoon and surge and half the country will cheer the Art of the Deal.
Seems to be worth mentioning that, after the CIT ruling overturning the IEEPA tariffs (now stayed), Trump's bargaining power ain't what it used to be. Whew!
Interestingly enough, the Reuters story has the USTR mention the court ruling in their initial letter: "Regardless of ongoing litigation concerning the President’s reciprocal tariff action in U.S. courts, the President intends to continue this tariff program pursuant to other robust legal authorities if necessary, so it is important that we continue our discussions on these matters."
And the USTR is at least partially correct -- there are other authorities the President could rely on to raise tariffs somewhat.