More than a month after the “Liberation Day” focused on President Donald Trump’s prices, almost everything that America has won is more deadlines and insurance for current talks.
With China, the United States has not obtained any major change other than the compensation of bass at the bottom of recent import duties and import restrictions.
And an agreement with the United Kingdom, announced last Wednesday, offered little beyond the improvement of access to American meats and ethanol.
The White House said the two agreements were starting points. Although it is enough to appease international markets and restore American stock gains, the Trump administration does not have much to show in terms of concessions obtained by the agreements.
The British agreement has seen British companies gain clear concessions from the Trump administration, including American trade barriers lower than its vehicles, steel and aluminum products.
Immediate gains for America were less clear.
Although the PACT voted better access to British markets for American meat producers, common meat preparation methods in the United States are prohibited in the United Kingdom-a position it should not change.
Meanwhile, representatives of American automotive companies – who have already struggled to sail on Trump’s prices – have published a rare declaration exploding the agreement.
“We are disappointed that the administration prioritized the United Kingdom before our North American partners,” said Matt Blunt, president of the American Automotive Policy Council.
But the announcements of the agreement continued to come. A few days later, representatives of the United States and China said they had agreed to temporarily reduce the reciprocal prices, which had reached more than 120%.
Again, the announcement met questions about its success. Capital Economics, a consulting firm at Wall Street, called it “another substantial retirement from the aggressive position of the Trump administration”.
The firm has declared in a note to customers that the agreement does not include “no commitment from China on exchange rate policy or bilateral commercial imbalance”.
“They held out,” said Marcus Noland, economist and main member of the Peterson Institute for International Economics, about China. “They faced the intimidator and the United States fell without any major concession.”
China praised the outcome of its negotiations, saying that its Trump’s rates resistance had been “very effective”.
“The reprisal measures have had a significant impact on the American side, which is why the American government lowered the prices at the base of the base after the talks,” said a social media report on the Chinese national diffuser CCTV on Monday.
In a press release, a White House representative continued to drain the agreements while referring to that more progress was to come. White House officials also noted that recent economic data, such as jobs and inflation, continued to be solid.
“Thanks to the prices and the realization of President Trump, the United Kingdom has opened billions of export opportunities for American breeders and farmers, while China has agreed to extend market access to American companies,” said White House spokesman Kush Desai. “And this is only the start, with many other offers and opportunities for American workers and future farmers.”
Trump also praised the capacity of prices to increase income. In April, the first full month that most Trump’s prices would have entered into force, pricing income exceeded 16 billion dollars, CNBC reported.
Although it is a record, it hardly deepens the federal deficit, which totaled 1.05 billion of dollars, 13% higher than a year ago. Net interest alone costs $ 38 billion over the month and is now $ 579 billion for the current financial year.
At the same time, the prices that Trump has supported would generate significant income and encourage US companies to bring production to the United States is now reduced.
Analysts warn that even if the markets have responded positively to the overall development set, they may be rocked in the complacency given by current tensions and stumbling blocks. As part of the British agreement, the United States insisted that it reduces its dependence on Chinese supply chains – which China denounced in a Tuesday financial time report.
“I think we are for much more turbulence and many more back and forth than the markets seem to seize,” said Noland.
