Coming trade deals or massive inflation?

[spidermike007]

After pausing his “Liberation Day” tariffs that sent levies surging for dozens of countries’ exports to the United States, Trump has sought to make a number of bilateral trade deals that would open American businesses’ access to foreign markets and boost US manufacturing. The deadline is July 9. Trump has just two deals to show for his efforts over the past two months.

 

Trump and other world leaders had hoped to use the G7 meeting in Canada this week to hammer out more. The announcement of new deals could have solidified confidence that the US and global economies could avoid a recession this year – a major question mark that most economists believed was a distinct possibility just a few weeks ago.

 

Then he abruptly left early. Trump and his economic team have long promised deals that have been “coming soon” for weeks. So far, only the United Kingdom and China have agreed to frameworks for US trade negotiations.

 

The UK signed its agreement at the G7 this week. And China met US trade representatives in the United Kingdom last week and agreed to the terms of a previous arrangement after tensions escalated in recent weeks. Well, at least sort of.

 

But Commerce Secretary Howard Lutnick once again promised last week that new trade deals are right around the corner. “There are so many coming,” Lutnick told CNBC last Wednesday. “You’re going to see deal after deal, they’re going to start coming next week and the week after and the week after. We’ve got them in the hopper.”

 

At the G7, the US and Canada agreed to a 30-day timeline for a bilateral agreement, but a Canadian proposal privately broached with Trump that exchanged defense spending increases for a reprieve from Trump’s steel and aluminum tariffs didn’t appear to gain any traction, two officials said.

 

A pull aside between Trump and Japanese Prime Minister Shigeru Ishiba didn’t yield the agreement that Japanese officials had hoped for weeks could be finalized at the summit. Meanwhile, Trump left behind in Canada a number of world leaders with frayed nerves but no new trade deals at the clock ticks down to zero.

 

“So we’re beginning to see some effects. We expect to see more,” Fed Chairman Powell said during his post-meeting press conference. “We’ve had goods inflation just moving up a bit, and, of course, we do expect to see more of that over the course of the summer.”

 

So where does this leave us with the "world's greatest negotiator" having only negotiated one deal and a very abstract framework for a second? Are things not going according to plan? Did Trump overestimate the influence of America in 2025? Is the world shunning the US? 

 

 

[candide]

28 minutes ago, spidermike007 said:

After pausing his “Liberation Day” tariffs that sent levies surging for dozens of countries’ exports to the United States, Trump has sought to make a number of bilateral trade deals that would open American businesses’ access to foreign markets and boost US manufacturing. The deadline is July 9. Trump has just two deals to show for his efforts over the past two months.

 

Trump and other world leaders had hoped to use the G7 meeting in Canada this week to hammer out more. The announcement of new deals could have solidified confidence that the US and global economies could avoid a recession this year – a major question mark that most economists believed was a distinct possibility just a few weeks ago.

 

Then he abruptly left early. Trump and his economic team have long promised deals that have been “coming soon” for weeks. So far, only the United Kingdom and China have agreed to frameworks for US trade negotiations.

 

The UK signed its agreement at the G7 this week. And China met US trade representatives in the United Kingdom last week and agreed to the terms of a previous arrangement after tensions escalated in recent weeks. Well, at least sort of.

 

But Commerce Secretary Howard Lutnick once again promised last week that new trade deals are right around the corner. “There are so many coming,” Lutnick told CNBC last Wednesday. “You’re going to see deal after deal, they’re going to start coming next week and the week after and the week after. We’ve got them in the hopper.”

 

At the G7, the US and Canada agreed to a 30-day timeline for a bilateral agreement, but a Canadian proposal privately broached with Trump that exchanged defense spending increases for a reprieve from Trump’s steel and aluminum tariffs didn’t appear to gain any traction, two officials said.

 

A pull aside between Trump and Japanese Prime Minister Shigeru Ishiba didn’t yield the agreement that Japanese officials had hoped for weeks could be finalized at the summit. Meanwhile, Trump left behind in Canada a number of world leaders with frayed nerves but no new trade deals at the clock ticks down to zero.

 

“So we’re beginning to see some effects. We expect to see more,” Fed Chairman Powell said during his post-meeting press conference. “We’ve had goods inflation just moving up a bit, and, of course, we do expect to see more of that over the course of the summer.”

 

So where does this leave us with the "world's greatest negotiator" having only negotiated one deal and a very abstract framework for a second? Are things not going according to plan? Did Trump overestimate the influence of America in 2025? Is the world shunning the US? 

 

 

Trade deals may not be free trade deals. It's impossible to predict anything about Trump, but his intent seems to be to finance his tax cuts with tariffs paid by American consumers and businesses. The 10% base tariff may remain in a certain number of cases. Of course, he will lie again and claim that it's the exporting countries that are paying tariffs, not Americans! 😆

 

[SunnyinBangrak]

1 hour ago, spidermike007 said:

After pausing his “Liberation Day” tariffs that sent levies surging for dozens of countries’ exports to the United States, Trump has sought to make a number of bilateral trade deals that would open American businesses’ access to foreign markets and boost US manufacturing. The deadline is July 9. Trump has just two deals to show for his efforts over the past two months.

 

Trump and other world leaders had hoped to use the G7 meeting in Canada this week to hammer out more. The announcement of new deals could have solidified confidence that the US and global economies could avoid a recession this year – a major question mark that most economists believed was a distinct possibility just a few weeks ago.

 

Then he abruptly left early. Trump and his economic team have long promised deals that have been “coming soon” for weeks. So far, only the United Kingdom and China have agreed to frameworks for US trade negotiations.

 

The UK signed its agreement at the G7 this week. And China met US trade representatives in the United Kingdom last week and agreed to the terms of a previous arrangement after tensions escalated in recent weeks. Well, at least sort of.

 

But Commerce Secretary Howard Lutnick once again promised last week that new trade deals are right around the corner. “There are so many coming,” Lutnick told CNBC last Wednesday. “You’re going to see deal after deal, they’re going to start coming next week and the week after and the week after. We’ve got them in the hopper.”

 

At the G7, the US and Canada agreed to a 30-day timeline for a bilateral agreement, but a Canadian proposal privately broached with Trump that exchanged defense spending increases for a reprieve from Trump’s steel and aluminum tariffs didn’t appear to gain any traction, two officials said.

 

A pull aside between Trump and Japanese Prime Minister Shigeru Ishiba didn’t yield the agreement that Japanese officials had hoped for weeks could be finalized at the summit. Meanwhile, Trump left behind in Canada a number of world leaders with frayed nerves but no new trade deals at the clock ticks down to zero.

 

“So we’re beginning to see some effects. We expect to see more,” Fed Chairman Powell said during his post-meeting press conference. “We’ve had goods inflation just moving up a bit, and, of course, we do expect to see more of that over the course of the summer.”

 

So where does this leave us with the "world's greatest negotiator" having only negotiated one deal and a very abstract framework for a second? Are things not going according to plan? Did Trump overestimate the influence of America in 2025? Is the world shunning the US? 

 

 

Reading this, it sounds like you accept the Trump tariffs worked. This must be painful🤣

[spidermike007]

16 hours ago, SunnyinBangrak said:

Reading this, it sounds like you accept the Trump tariffs worked. This must be painful🤣

I would like to know what tariffs you're referring to, there has only been one deal out of over 100, and one with just a basic framework of a deal with China, so which ones are you referring to? 

[bamnutsak]

"90 deals in 90 days" April 12, 2025

 

90 day report approaching.

 

I honestly don't know which tariffs are in place right now.

 

 

 

[spidermike007]

1 minute ago, bamnutsak said:

"90 deals in 90 days" April 12, 2025

 

90 day report approaching.

 

I honestly don't know which tariffs are in place right now.

 

 

 

According to the White House a lot of tariffs are in place right now, because trade deals have not been negotiated.

 

So if the intent was to threaten high tariffs in order to negotiate fair trade deals, Trump has once again failed miserably. 

 

 

[Lacessit]

AFAIK most countries are trying to strike trade deals with each other, and ignore the actions of an economic half-wit in the White House. China appears to be the chief beneficiary.

 

It is written in tablets of stone tariffs are inflationary.

 

If some poster wants to cite a case where they have not been, I am listening.

[spidermike007]

5 minutes ago, Lacessit said:

AFAIK most countries are trying to strike trade deals with each other, and ignore the actions of an economic half-wit in the White House. China appears to be the chief beneficiary.

 

It is written in tablets of stone tariffs are inflationary.

 

If some poster wants to cite a case where they have not been, I am listening.

You are absolutely correct, Trump getting elected and behaving as he's been recently has been a wet dream for China and the CCP, he is making them more influential by the day, and he is turning a lot of folks towards China who previously felt adversarial towards them.

 

What a spectacular goon, my guess is that history will record him as one of the dumbest, most ignorant, and greatest  failures ever. No doubt the 2nd worst president in US history. 

 

 

[SunnyinBangrak]

6 hours ago, spidermike007 said:

I would like to know what tariffs you're referring to, there has only been one deal out of over 100, and one with just a basic framework of a deal with China, so which ones are you referring to? 

So there HAS been a trade deal thanks to Trumps tariffs?!!

 

As we all are aware, you guaranteed no good could possibly come from his tariffs. Now, there is a deal made that is beneficial to the US. As we know there will be more and more. Then you will ignore your misinformation about tariffs and start dozens more threads pumping out more hate and misinformation on another false Trump narrative the team woke gins up. Rinse and repeat.

 

So very predictable. Lesson is, Trump is always right, irrational haters are always wrong. 

[Yagoda]

Plagiarized from Yahoo finance. 

 

https://finance.yahoo.com/news/trump-made-trade-biggest-issue-090004621.html

 

Reported

[candide]

1 hour ago, SunnyinBangrak said:

So there HAS been a trade deal thanks to Trumps tariffs?!!

 

As we all are aware, you guaranteed no good could possibly come from his tariffs. Now, there is a deal made that is beneficial to the US. As we know there will be more and more. Then you will ignore your misinformation about tariffs and start dozens more threads pumping out more hate and misinformation on another false Trump narrative the team woke gins up. Rinse and repeat.

 

So very predictable. Lesson is, Trump is always right, irrational haters are always wrong. 

"Trump is always right! Except when he isn't 

 

BTW

“I just signed it, and it’s done. And so we have our trade agreement with the European Union, and it’s a fair deal for both, and it produces a lot of jobs, a lot of income,” Trump said. 

https://www.theguardian.com/politics/2025/jun/16/starmer-and-trump-finalise-uk-us-trade-deal-at-g7-but-steel-tariffs-still-on-hold

[jvs]

1 hour ago, Yagoda said:

Plagiarized from Yahoo finance. 

 

https://finance.yahoo.com/news/trump-made-trade-biggest-issue-090004621.html

 

Reported

Oh no,someone hurt your feelings?

Well you can't sue him so now you are a crybaby?

Grow up man!

[jvs]

1 hour ago, SunnyinBangrak said:

So very predictable. Lesson is, Trump is always right, irrational haters are always wrong. 

So very predictable,MAGA 101.

Typical cult behaviour,what else can you call it?

[Yagoda]

54 minutes ago, jvs said:

Oh no,someone hurt your feelings?

Well you can't sue him so now you are a crybaby?

Grow up man!

Moving on from defending terrorists to defending theft of intellectual property I see.

 

 

[jvs]

13 minutes ago, Yagoda said:

Moving on from defending terrorists to defending theft of intellectual property I see.

 

 

When did i ever defend terrorists?

Please post a quote!

Theft of intellectual property?

You make me laugh, so you think you can dish it out each and every day and think no one will ever call out your bs?

Like i said before, grow up,trump is not going to save you.

 

[Yagoda]

4 minutes ago, jvs said:

Like i said before, grow up,trump is not going to save you.

 

Save me from what LOL. You?

 

Guess we know where you stand in terms of honesty.