Trump trade team chases 90 deals in 90 days. Experts say good luck with that

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WASHINGTON: President Donald Trump’s administration wants to attack 90 trade deals in 90 days, but challenges to resolve the president’s trade war quickly are already clear.

The European Union’s trade chief Mars Saifkoich will join foreign trade officials on Monday earlier, who announced April 2 for immediate talks on the incoming taxes coming to Washington. The block is one of the US trade partners with about $ 1 trillion in bilateral trade last year.

But when Saif arrives, Trump’s top tariff negotiators, Treasury Secretary Scott Bissant, will be to support Argentina’s economic reforms in Washington in Buenos Aires, although Argentina has only $ 16.3 billion in total annual trade with the United States.

The absence of basant on Monday highlighted the doubts among commercial experts on how many simultaneous negotiations and the overall possibility of reaching 90 deals in 90 days.

“Improving these decisions is about to make some serious talks,” said Vendeer Cutler, the head of the US trade representative, head of the Asia Society’s Policy Institute, said. “There is no choice during this timeframe that we are making a comprehensive agreement with any of these countries.”

White House commercial adviser Peter Navaro confronted the Fox Business Network on Friday that Basant, US trade representative Jameson Greer and Commerce Secretary Howard Lotnik could meet the task.

“So we are going to run 90 deals in 90 days,” he said.

Finally, Trump, “Boss, is going to become a negotiator. He has nothing to do with it very carefully.”

Trump started a 90 -day countdown this week when he prevented other factors from imposing its high taxes for many countries after financial markets, among other factors, due to recession and inflation. He said that the 90 -day pause would give the countries a chance to reach bilateral deals with the United States.

Recovery of financial markets during the 90 days is another important purpose. Investors sold US Treasury loans this week, which increased interest rates, and the dollar was reduced between US recession and re -inflation concerns. Raises a shelter, gold, record for investors at the time of crisis.

Cutler said the uproar would put pressure on the Trump team to win some faster.

“They are going to confront them to show that they can quickly remove the contracts with countries, and create some confidence in the market and with other business partners that there is a ramp,” he said.

‘Huge work’

The growing friction with China, which did not recover from new US revenue and equally implemented the counter tariff, increased this week.

Cutler said reaching trade deals that satisfy both Trump and financial markets is a “great job”.

Instead, Trump’s team will probably be given priority to key countries and for others, a 90 -day break will have to be increased, he said.

Even the smallest of Trump’s first-term trade agreements, it took more than eight months to revise the automotive and steel provisions of the South Korea’s independent trade agreement, while the US-based US-based Mexico-Canada’s comprehensive agreement was more than two years.

But the USTR, Greer, said: “We can reach the point where the president can stop the deal. He can talk, and if there is an agreement that he can consider taking it, and if not, he will have tariffs.” Logistics to connect 90 sets of negotiations is just one obstacle to the thinning administration.

The diplomats said that many important positions were not fulfilled, and officials who are often engaged in other tasks, diplomats said, such as Treasury Officers who met on Friday about an important mineral deal with Ukraine.

Greer told Fox News that his staff of 200 of his staff was “working 24 hours” as the proposals were traded back and forth with foreign counterparts.

Treasury has only another senior official confirmed by the Senate, Deputy Treasury Secretary Michael Falakander. Trump has not nominated anyone for the key position of the Under Secretary for International Affairs, and a career official is serving as acting.

The USTR is also relying heavily on the carrier staff, which requires the Senate verification in several key vice positions.

Another complex factor is uncertain about US positions on trade issues, another diplomatic source added that Trump’s top trade advisers have their own views. Some countries, including the UK, Australia and others, have discussed trade with the administration since the inauguration of Trump in January, resulting in very low.

“It is not as if there is a paper sheet that has a strong dialogue that is changing,” said a diplomatic source. “This is a process. And I would say use the term ‘dialogue’, not ‘negotiation’.”