Trump Treasury Secretary Makes Humiliating Admission About Trade Deals

Wall Street was right about the president: Trump has always made chickens.

Despite the past weeks fumming About the fact that investors had timed him for having repeatedly rené his pricing plan, Donald Trump has once again decided to extend the deadline to implement them.

The White House said Thursday that the deadline for countries to conclude trade agreements with the United States could be extended after July 9A deadline that press secretary Karoline Leavitt described as “not critical”.

“The president can simply provide these countries with an agreement if they refuse to make us one on the deadline,” said Leavitt at a press briefing. “And this means that the president can choose a reciprocal rate rate which, according to him, is advantageous for the United States and for the American worker.”

In the end, it is a “decision for the president to take,” noted Leavitt.

The theory of the Taco was invented in early May by Financial time The columnist Robert Armstrong, who added an eye -catching acronym for the practice of loading actions when Trump announces prices for the first time, then selling when he finally returns to the applications.

Until now, this has been true for the promulgation of additional prices on Mexico and Canada, postponing its “reciprocal” price plan to dozens of countries after its announcement as an April “Liberation Day” went south, delaying a price on imports from the European Union and breaking its plan to bring China, decrease The prices on Chinese products at 55% against 145%.

At the end of last month, Trump threatened to impose a 50% rate on the European Union, but quickly delayed the sanction in July after the president of the European Commission Ursula von der Leyen agreed to negotiate.

The extension of Trump’s “reciprocal” prices of almost all “reciprocal” prices, however, should expire on July 8.

Trump’s pricing proposals have not won the United States negotiation land. Instead, countries around the world have started to observe this – rather than playing the waiting game to meet the White House for potential commercial relief – China Difficult negotiation strategy The former real estate magnate had in fact obtained easier power a clearly better affair.