Trade

Trump’s ‘Greatest Deal Ever’ Could Be Delayed

JM Ashby
Written by JM Ashby

Commerce Secretary Wilbur Ross recently veered off script and said Trump's "greatest and biggest deal ever" may not be signed when Trump meets Chinese President Xi Jinping next month, but Ross may have been right.

A Trump regime source who spoke to Reuters says the text of the deal may not be ready in time.

WASHINGTON (Reuters) - The United States and China are continuing to work on an interim trade agreement, but it may not be completed in time for the U.S. and Chinese leaders to sign it in Chile next month, a U.S. administration official said on Tuesday. [...]

“If it’s not signed in Chile, that doesn’t mean that it falls apart. It just means that it’s not ready,” the administration official said. “Our goal is to sign it in Chile. But sometimes texts aren’t ready. But good progress is being made and we expect to sign the agreement in Chile.”

If it turns out that the text of a deal isn't ready by November 17th, I still expect to see Trump announce a deal even if it doesn't technically exist yet. The announcement and the resulting media coverage and market reaction is what he really wants.

It's another big show for Trump; it's not about policy. That's the whole reason why he wants to make a deal on a specific date. It's why they're rushing to finish a deal in the next two weeks even if said deal is a big load of nothing that won't fundamentally alter our economic relationship with China.

  • muselet

    “No, the deal isn’t falling apart! No no no no no! We just want to make absolutely sure that this, the greatest and biggest deal ever, is as great and as big as it already is because our great president is the best negotiator in the history of negotiations! Next question!”

    For sheer incoherence, that conveniently-anonymous administration official comes awfully close to Donald Trump.

    Was his name John Barron, perhaps?

    –alopecia

  • 1933john

    Ran out of invisible ink?