The Trump administration faces strategic uncertainty in trade negotiations, with officials expressing optimism about nearing deals. Former Commerce Secretary Wilbur Ross cautioned against over-negotiation, which could impede progress. Amidst talks and upcoming deadlines, officials claimed that deals with Asian countries were close. However, despite hopeful statements from current Secretary Howard Lutnick and Treasury Secretary Scott Bessent, completed agreements remain elusive. Bessent emphasized the importance of the strategic uncertainty created by Trump, suggesting it might ultimately benefit negotiations.
"President Trump creates what I would call strategic uncertainty in the negotiations, so he is more concerned about getting the best possible trade deals."
"It's like when someone tells you they're five minutes away, everyone knows that really means 15."
Collection
[
|
...
]