Following a brief pause on proposed tariffs due to market panic, the Trump administration aimed for multiple global trade agreements. As the deadline approached, the expected 90 deals failed to materialize, and the US faced the possibility of imposing significant tariffs on multiple countries again. Some agreements emerged, including a pact with the UK and China, but these were not substantial. Business leaders and even members of Trump's administration expressed uncertainty over the trade approach, indicating a lack of clear strategy moving forward.
The 90-day pause Trump ordered on his steep tariffs is almost up, and 90 deals have not materialized. The US is again on the brink of launching a trade assault against dozens of countries.
Business leaders, lobbyists, economists and investors might disagree. Even officials in Trump's own administration have at times struggled to keep up.
A handful of agreements have emerged, cooling some tensions. A partial deal with the UK was first to emerge, before a delicate truce with China, and a pact with Vietnam.
These breakthroughs have been significantly narrower than conventional free trade agreements, which can take years to hammer out. These aren't real trade.
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