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spanone

(141,003 posts)
Wed Jul 9, 2025, 06:47 AM Jul 2025

AP:The US predicted 90 trade deals in 90 days. So far there have been 2

WASHINGTON (AP) — President Donald Trump and his advisers promised a lightning round of global trade negotiations with dozens of countries back in April.

White House trade adviser Peter Navarro predicted “90 deals in 90 days.’’ Administration officials declared that other countries were desperate to make concessions to avoid the massive import taxes – tariffs -- that Trump was threatening to plaster on their products starting July 9.

But the 90 days have come and gone. And the tally of trade deals stands at two – one with the United Kingdom and one with Vietnam. Trump has also announced the framework for a deal with China, the details of which remain fuzzy.

Trump has now extended the deadline for negotiations to Aug. 1 and tinkered with his threatened tariffs, leaving the global trading system pretty much where it stood three months ago — in a state of limbo as businesses delay decisions on investments, contracts and hiring because they don’t know what the rules will be.

https://apnews.com/article/trump-tariff-deadline-japan-south-korea-trade-7ea94de216329a9b011a3d3951ae5963

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AP:The US predicted 90 trade deals in 90 days. So far there have been 2 (Original Post) spanone Jul 2025 OP
Really 1 1/2. gab13by13 Jul 2025 #1
Let's just call it an even three quarters... Hugin Jul 2025 #9
So the republicon "leader" lied to his base and to the American people BoRaGard Jul 2025 #2
There are plenty of countries that have signed deals! Ray Bruns Jul 2025 #3
Mordor is all in! Hugin Jul 2025 #10
As if Trump could make an agreement with Themyscira EdmondDantes_ Jul 2025 #11
Don't forget the Heard and McDonald Islands IbogaProject Jul 2025 #12
I hear those penguins are ready to talk turkey... Wounded Bear Jul 2025 #4
By "the US" it means just Trump ? JI7 Jul 2025 #5
That is the absolute truth, our country is being run by a guy..... spanone Jul 2025 #20
Reduced from the 200 deals he claimed to have already made thesquanderer Jul 2025 #6
It is all talk to game the markets... IthinkThereforeIAM Jul 2025 #7
That and personal shakedowns Bluetus Jul 2025 #17
The Acutal Number of Deal is Zero! the_liberal_grandpa Jul 2025 #8
Exactly! peggysue2 Jul 2025 #16
No, the US didn't predict that. The voices in Trump's head did that. Initech Jul 2025 #13
It's a shakedown. pandr32 Jul 2025 #14
Vietnam was a shitty trade deal In It to Win It Jul 2025 #15
What isn't reported, and not well understood Bluetus Jul 2025 #18
Hey now, give him a break PatSeg Jul 2025 #19
Trump predicted. twodogsbarking Jul 2025 #21
K & R malaise Jul 2025 #22
Pfffttt....TACO'd out once again yesterday. Now Aug 1st, soon to be "just after" Labor day. Bengus81 Jul 2025 #23

Hugin

(37,420 posts)
9. Let's just call it an even three quarters...
Wed Jul 9, 2025, 09:11 AM
Jul 2025

Not even enough for a decent cup of coffee with tariffs.

Ray Bruns

(5,962 posts)
3. There are plenty of countries that have signed deals!
Wed Jul 9, 2025, 08:52 AM
Jul 2025

1. Freedonia
2. Gondor
3. Rohan
4. Wakanda
5. Themyscira
6. Genovia
7. Panem

EdmondDantes_

(1,349 posts)
11. As if Trump could make an agreement with Themyscira
Wed Jul 9, 2025, 09:17 AM
Jul 2025

An island of powerful women. Trump would try his usual tactics with women and get launched into space.

IbogaProject

(5,613 posts)
12. Don't forget the Heard and McDonald Islands
Wed Jul 9, 2025, 10:41 AM
Jul 2025

Those were those empty Penguin Islands near Antarctica, that AI spit up as candidates for his schemes.

After all, they "ended all tariffs against the USA", so that will be one of his gold painted "wins".

JI7

(93,196 posts)
5. By "the US" it means just Trump ?
Wed Jul 9, 2025, 08:57 AM
Jul 2025

becsuse I don't know anyone or anything that said they think that would happen.

spanone

(141,003 posts)
20. That is the absolute truth, our country is being run by a guy.....
Wed Jul 9, 2025, 04:32 PM
Jul 2025

...who has a hamster running on a wheel in his head instead of a brain.

Apologies to all hamsters running on wheels.

IthinkThereforeIAM

(3,277 posts)
7. It is all talk to game the markets...
Wed Jul 9, 2025, 09:07 AM
Jul 2025

... and drag down the U.S. dollar and "force" people into buying those fake money bitcoins, ethereum, etc....

And folks may wonder why we see of no more Epstien type pervert/rapist - hedonist parties... they all have switched to untraceable bitcoin and ethereum type "assets", so no need for a crooked "stock broker" to launder money through.

Bluetus

(2,281 posts)
17. That and personal shakedowns
Wed Jul 9, 2025, 11:41 AM
Jul 2025

But I'm not sure the shakedowns are actually working. Now that they see TACO-man's game, most countries are saying "Ok, whatever. You do what you are going to do. We don't pay the tariffs anyway."

And for that matter, the market manipulation may not be that useful now that everybody knows the TACO game.

8. The Acutal Number of Deal is Zero!
Wed Jul 9, 2025, 09:11 AM
Jul 2025

Trade deals can take months and month to negotiate and they usually are hundreds or thousands of pages long AND they have to be ratfied by congress.

What we have here are 1-2 agreements to raise or lower tariffs which is what the MFer occupying the White House loves to do and then TACO.

He wouldn't know a trade deal if it changed his Depends for him.

peggysue2

(12,381 posts)
16. Exactly!
Wed Jul 9, 2025, 11:14 AM
Jul 2025

These are not 'deals' or actual agreements; they're frameworks, concepts of a deal.

All this blather that the Administration is being swarmed by countries clamoring for a deal is another Big Lie.

The Japanese opposition leader called it for what it truly is: extortion. Either give us what we want or we'll crush you. He compared the negotiation teams to juvenile delinquents who merely want to bully others into bending the knee. To acquiesce is simply encouraging more outrageous demands.

Never appease a bunch of bullies.

Initech

(107,410 posts)
13. No, the US didn't predict that. The voices in Trump's head did that.
Wed Jul 9, 2025, 10:54 AM
Jul 2025

Let's make that perfectly clear!

Bluetus

(2,281 posts)
18. What isn't reported, and not well understood
Wed Jul 9, 2025, 12:01 PM
Jul 2025

is that it is a global marketplace. Let's say Vietnam has the ability to produce 100 million garments. They have to sell them somewhere. Let's say Vietnam's cost is $5 per garment. And by the time you have transportation warehousing, and distribution costs, let's say the retailer pays $8. If the retailer can sell for a net price of $12, they should break even.

OK, add tariffs for anything going to the US. That will add $2 to the cost as seen by he retailer, so they will need to sell it for $14. Maybe that works, maybe it doesn't. But being a global market, Vietnam can sell to France, Brazil , New Zealand or wherever. As long as they net $7 per garment, they don't care where it goes.

Of course, the US has the potential to buy a lot of it, so the Vietnam plant might not be able to run at full capacity if US has some tariffs, but that's not the end of the world for them. There is no real leverage here.

Meanwhile, back in the US, we have inflation because there is nobody making those garments inside the US. And here's the killer, and the reason that the Trump plan is such a loser: if there were anybody producing locally, they would RAISE THEIR PRICE to match the price of the Vietnam product after tariffs.

That may not play out in garments because that is almost entirely offshore now. But look at cars and other industries where there is some local production, The tariffs will not stimulate much investment in the near term. Nobody will invest anything because Trump is so TACO. We have already seen car companies put big investments on hold because they never know when Trump is going to run extortion their way. So they will simply increase their prices as high as possible, given a new ceiling because of the tariffs.

In other words, without a consistent long-term strategy (and Trump's long term is 45 minutes). the only real impact of the tariffs will be inflation in the US. Nothing else.

Bengus81

(9,810 posts)
23. Pfffttt....TACO'd out once again yesterday. Now Aug 1st, soon to be "just after" Labor day.
Thu Jul 10, 2025, 06:06 AM
Jul 2025

BTW Trump...you look like absolute SHIT in both of those pictures. The pressure of lying and BS'n all you life is really taking a toll.

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