‘There’s no means’: Experts doubt Trump group’s plan to succeed in 90 commerce offers in three months | EUROtoday

President Donald Trump and his group wish to attain commerce offers with 90 nations in as many days — and consultants say there’s “no way” he can obtain that mark.

White House commerce adviser Peter Navarro advised Fox Business the Trump administration will “run 90 deals in 90 days.” His proclamation comes after Trump issued blanket tariffs of at the least 10 % on almost each nation — then positioned a 90-day pause on a lot of the tariffs Wednesday.

Navarro added Trump will likely be “the boss” and “chief negotiator” of those supposed offers: “Nothing is done without him looking very carefully at it.”

U.S. Trade Representative Jamieson Greer equally stated {that a} group of 200 persons are “working around the clock” to get offers “to a point where the president can close” them.

But economists say it’s not going to occur with the Senate having solely confirmed one different senior Treasury Department official and the administration already being stretched skinny.

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“Teeing up these decisions is going to take some serious negotiations,” Wendy Cutler, a former U.S. Trade Representative chief negotiator, advised Reuters. “There’s no way during this timeframe we’re doing a comprehensive agreement with any of these countries.”

Cutler referred to as the purpose a “huge task.”

“The onus is going to be on them to show that they can quickly conclude agreements with countries, and instill some confidence in the market and with other trading partners that there is an off-ramp here,” she added.

The purpose is much more unrealistic provided that Trump’s high advisers every have their very own views on commerce coverage, leaving negotiators on the opposite aspect unsure, an unnamed diplomatic supply advised Reuters.

“It’s not like there’s a sheet of paper with firm talking points that is changing hands,” the diplomatic supply stated. “It’s a process. And I’d say use the term ‘talks’, not ‘negotiations.'”

Trump’s blanket 90-day pause, which he attributed to individuals “getting yippy” and “a little bit afraid,” got here after per week of serious market lows.

Two weeks in the past, the inventory market noticed its worst week since 2020. It additionally marked solely the fourth time in historical past that the Dow Jones misplaced 2,000 factors in a single day. The previous week additionally noticed unstable swings after false studies of a 90-day pause on Monday, with the market gaining after which shedding $2.4 trillion in a matter of minutes.

Then, when Trump instituted the 90-day pause two days later, the Dow soared 2,962 factors, whereas the NASDAQ surged 1,857 factors, marking the most important single-day level positive factors for each indices.

At shut on Thursday, the Dow dropped 1,014 factors, or 2.5 %, and the NASDAQ slid 737 factors, or 4.3 %. But the market closed for the week on Friday with main indices larger than the place they started on Monday.