Donald Trump’s White House had grandly promised “90 deals in 90 days” after partially pausing the process of levying what the US president called “reciprocal” tariffs.
In reality, there won’t even be 9 deals done by the time we reach Trump’s first cut-off date on 9 July.
The revealing thing here, the poker “tell” if you like, is the extension of the deadline from Wednesday until 1 August, with a possibility of further extensions - or delays - to come.
I’m amazed by the number of “very serious people” I’ve met in the corporate finance world who think this man is not an idiot. It’s like a movie where aliens take over people’s bodies and I’m starting to identify them one by one. I’m talking about well educated people. It has really taken me aback.
None of them believe that crap
Turnip is a convenient scapegoat … the US government has literary been bought and sold … they placed a mascot on the driver’s seat while all the rich, wealthy and corporate owners in the background can do whatever they want and make tons of money while bankrupting the country … they don’t care if the country loses, they’ll be making billions for themselves
And when it’s all over, the rich and wealthy owners will walk away into the shadows and let the world blame everything on the orange turd.
…I think they do. I think they believe it. We’re not talking about tremendously wealthy and insulated people here.
They graduated from one of Canada’s top business schools.
The plan? Negotiate 90 trade deals in 90 days.