President Trump faces a self-imposed deadline to finalize trade deals with 75 countries in 90 days, as higher tariffs are set to return. Trade experts express skepticism about the feasibility of achieving meaningful agreements in this brief timeframe. Experts like Willy C. Shih from Harvard argue that the complexities of trade profiles among nations make such rapid negotiations improbable. Furthermore, Scott Lincicome from the Cato Institute notes that even past swift trade agreements have taken significant time, implying that the current administration may need to adjust its expectations and focus on preliminary agreements rather than completed deals.
"There's no way," Willy C. Shih, a professor of management practice in business administration at Harvard Business School, told BI when asked if he thinks there could be trade deals with 75 countries before the 90-day pause on tariffs announced on April 9 comes to an end.
"We're starting to see the administration acknowledge that reality because they're talking less about finished deals and more about term sheet agreements in principle and the issues that they are going to discuss,
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