Big Take The White House Wanted ‘90 Deals in 90 Days.’ There’s One Day Left
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Jul 7, 2025 Brendan Murray, Bloomberg's global trade editor specializing in trade negotiations, joins the discussion to unpack President Trump's ambitious initiative for rapid trade deals. He highlights the uncertainty and skepticism surrounding the administration's tariffs and the challenges faced in achieving significant agreements with countries like China and the EU. The conversation also covers the complex implications of sectoral tariffs on industries and the dynamic, fast-paced nature of current trade talks, raising questions about the global economic impact as deadlines approach.
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90 Deals Ambition Falls Short
- The Trump administration aimed for 90 trade deals in 90 days but achieved far fewer.
- Key partners like China, Mexico, Canada, and the EU remain in complex, unresolved negotiations.
Deadline Extension and Deal Complexity
- The original July 9 deadline for tariffs is likely extended to August 1.
- Trade negotiations are complex, slow, and often lack binding agreements.
Diverse Trade Barriers Explored
- US trade complaints include car market access, Chinese product proliferation, and agricultural barriers.
- Non-tariff barriers like tax systems and regulations also complicate negotiations.