Trump and his team were touting all the countries eager to make deals with the U.S. on trade. They changed their tune when it became clear such deals wouldn't materialize quickly.
“There are 18 very important trading relationships, and we are currently negotiating with 17 of those trading partners,” Bessent told the House Appropriations Subcommittee on Financial Services and General Government on Tuesday. “Approximately 97 or 98% of our trade deficit is with 15 countries, 18% of the countries are our major trading partners. And I would be surprised if we don’t have more than 80 or 90% of those wrapped up by the end of the year, and that may be much sooner.”
Uhhh…I’m not sure you understand the gravity of the self-made situation when you have major retailers saying shelves could be empty in weeks because of this stupidity.
“Obviously, we’re working as expeditiously as possible, but we’re not trying to make deals that are Band-Aids for the sake of making deals,” the official added.
Uhhh…I’m not sure you understand the gravity of the self-made situation when you have major retailers saying shelves could be empty in weeks because of this stupidity.