Tariffs: Trump claims a wave of trade deals are on the way
As US officials have been pressing trade partners to reach deals around finalized tariff rates, President Trump has claimed that there are deals coming in the "not-too-distant future."
Yahoo Finance Washington correspondent Ben Werschkul reports on the latest installment in Trump's tariff saga.
Also read up on Ben Werschkul's latest piece covering Elon Musk's criticisms of President Trump's so-called "big, beautiful" spending and tax bill.
To watch more expert insights and analysis on the latest market action, check out more Market Domination here.
Washington has seen more promises this week from the Trump administration of of trade deals, imminent trade deals. What's the latest with the deals right now, Ben?
Sure thing. So, I I wrote about this today. I'm kind of a glutton for punishment. So, there we had a, we had one comment today, or yesterday from Commerce Secretary Ross about a deal in the very near future for for India. So, I was curious kind of how many comments like this are similar. I just I did a quick pass through since Liberation Day. I found over two dozen kind of similar comments from Trump and his team. Trump in the middle of April, Trump talked about how trade talks would only take three to four weeks. That was over seven weeks ago. Peter Navarro has sort of infamously said it would be 90 deals in 90 days, and of course we have one limited deal right now in the UK. It sort of speaks to the kind of dampening effect on the markets, I think, of these Trump pronouncements so far. I think India, there are good signs. I think we could have a deal with India relatively soon. But a lot of these, so many of these promises have not come to be. And as as for what it means for the next 30 days, the next deadline is July 8th there for Trump's tariffs. There's one one analyst, uh, a note today had had a good outcome. One one scenario is the optimistic scenario. We get some face saving. Trump is able to to declare victory and say he won and back away from these. The other is that these slow walk talks continue to be slow walked, and we kind of have a more aggressive tariff tariff coming tariffs increases in July. These analysts predicted the second scenario was their base case. So, so not a good sign for the the continuing lowering of tariffs.
No, not and not a good sign. Maybe that, you know, markets, even though they've gotten a little numb to it because of the so-called taco trade, maybe that would make them pay attention again.
For sure.
Yeah. Ben, thanks so much. Appreciate it.
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