Yeah, woohoo, we can spend more money on coffee now. That will teach them. Funny though, we ran a $6.8 billion trade surplus with Brazil last year, and can't exactly start producing all that coffee to be grown in America.
The same pattern works the other way too. It's so interesting how so many countries that invest in or promise to approve deals for Trump real estate ventures, promoted and supported Trump's crypto businesses, and flattered his ego with praise, and ego stroking gifts have gotten sanctions dropped, tariffs lowered, and other support.
What Trump Trade Policy Has Achieved Since ‘Liberation Day the top 2 objectives for the trade deals have been return mfg base to the US narrow the huge gap in trade deficits a trade deal is not done until it becomes law, when it is voted on in Congress. As the ninety-day period came to a close last week, Trump 2.0 has simply verified what trade experts already know: so far, 92 days since "liberation day, no trade deals; only an agreement withe UK, with whom the US enjoys a trade surplus. US trade deficits increase ~6% in April, and another 11% in May. So Trump 2.0 is pivoting its position yet again moving the negotiating deadline to the beginning of August. Experts see this TACO move as one to avoid the negative stock market reaction they triggered on April 2. The constantly changing tariffs and shifting deadlines---TACO---may get countries to the table, but very few will tackle comprehensive trade issues if the Trump 2.0 cannot guarantee that the trade chaos will come to an end.
