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Trump team chases 90 deals in 90 days; reciprocal tariffs spare phones
Gulf Today
|April 13, 2025
The US CBP listed 20 product categories, including the very broad 8471 code for all computers, laptops, disc drives and automatic data processing. It also included semiconductor devices, equipment and memory chips
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President Donald Trump's administration wants to strike 90 trade deals in 90 days, but the challenges to quickly resolving the president's trade war are already apparent.
European Union trade chief Maros Sefcovic will on Monday be among the first foreign trade officials to come to Washington for urgent negotiations about the steep tariffs that Trump announced on April 2.
The bloc is among the biggest US trade partners with nearly $1 trillion in two-way trade last year.
But when Sefcovic arrives, Trump's top tariff negotiator, Treasury Secretary Scott Bessent, will be in Buenos Aires to show support for Argentina's economic reforms rather than in Washington, even though Argentina accounts for a mere $16.3 billion in total annual trade with the US.
Bessent’s absence on Monday highlights doubts among trade experts about how effectively the administration can manage so many simultaneous negotiations and the overall prospects for reaching 90 deals in 90 days.
"Teeing up these decisions is going to take some serious negotiations," said Wendy Cutler, a former US Trade Representative chief negotiator who heads the Asia Society Policy Institute.
"There's no way during this timeframe we're doing a comprehensive agreement with any of these countries.”
White House trade adviser Peter Navarro countered on Fox Business Network on Friday that Bessent, US Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick could accomplish the job.
"So we're going to run 90 deals in 90 days. It's possible," he said.
NOTHING IS DONE 'WITHOUT TRUMP:' Ultimately, Trump, “the boss, is going to be chief negotiator. Nothing is done without him looking very carefully at it,” Navarro said.
This story is from the April 13, 2025 edition of Gulf Today.
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