Haven't we heard this before
The clock is ticking down to zero, and Trump needs a trade deal — badly
Crazy Trump, the dealmaker-in-chief, has said for weeks that at least one trade deal is imminent with one of the dozens of countries in active negotiations with the United States to avoid punishing tariffs. So where is it? With whom????
But as the weeks roll on with no deal in sight, the Trump administration risks inflicting serious economic damage that could quickly turn into a US and global recession. America’s aggressive trade war has already sent the US economy into reverse. Last week’s quarterly report on gross domestic product, the broadest measure of the US economy, showed America’s first contraction since early 2022, as an otherwise-healthy economy was dragged down by companies stockpiling goods to get ahead of tariffs.