Washington, D.C. — A new Center for American Progress article examines how Trump’s trade agenda and his most recent “deals” with Korea, Japan, the Philippines, and the European Union among others are not strengthening the U.S. economy—and actually raise more questions than answers.
Trump’s trade agenda locks in the largest tariffs in nearly a century. Inflation is higher, borrowing costs remain high, the price of everyday goods is increasing, and other countries are looking for new partners. This column examines four questions that the Trump administration’s chaotic trade war and its latest “deals” have left unanswered:
- Where is the text of the agreements?
- Will the purchase commitments that foreign countries made ever be met?
- How likely is it that other countries will meet their investment commitments in the U.S. economy?
- Do these “deals” with other countries offer certainty or will there be adjustments to these deals in the future?
“In almost all cases, the U.S. economy as well as the American people—including workers, businesses, and consumers—are all worse off now than they were before the Trump administration launched its trade war,” said Ryan Mulholland, senior fellow at the Center for American Progress and author of the article. “These deals don’t provide certainty; they continue the chaos that is already causing businesses to freeze hiring and put off investment decisions that could support prosperity going forward.”
Read the column: “Trump’s Latest Deals Raise More Questions Than Answers and Harm America’s Future” by Ryan Mulholland
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