• Trump embraces 'tailored' tariff deals as foreign leaders look to sweet

    From Leroy N. Soetoro@21:1/5 to All on Fri Apr 11 02:42:12 2025
    XPost: alt.politics.republicans, alt.fan.rush-limbaugh, talk.politics.guns XPost: sac.politics, or.politics

    https://www.cnn.com/2025/04/08/politics/trump-tariff-negotiations-foreign- leaders/index.html

    Delegations from Japan and South Korea are en route. Italy’s prime
    minister will be in Washington next week. And Israel’s “proactive
    approach” to seeking out new US trade agreements could serve as a model
    for everyone, according to the White House.

    A day before President Donald Trump’s new worldwide tariffs are set to
    take hold, the White House made clear Tuesday the door for new trade negotiations was wide open — even if the exact formula for earning relief
    from the duties remained unclear.

    “These countries are calling us up. Kissing my a**. They are dying to make
    a deal,” Trump told a group of Republicans on Tuesday evening, hours
    before the tariffs were set to take hold. He described foreign leaders essentially groveling to avoid the new tariffs: “Please, please sir, make
    a deal. I’ll do anything sir.”

    As countries scramble to respond to Trump’s sweeping tariff announcements
    last week, many are receiving advice from US diplomats and sources close
    to the White House encouraging them to think creatively, beyond the scope
    of trade, as they prepare to negotiate with the White House.

    Their message to foreign counterparts seems simple: If they have a unique
    card to play, they should.

    Ideas being discussed run the gamut, and include possible action on
    securing the freedom of Americans wrongfully detained abroad, committing
    to working with US artificial intelligence companies, buying more US
    energy or combatting global drug trafficking, according to five people
    familiar with the brainstorming sessions.

    After days of mixed signals over how willing the president would be to negotiate tariff relief, Tuesday’s message was far clearer: Trump is ready
    for opening bids.

    “The phones have been ringing off the hook, wanting to talk to this administration, this president and his trade team to try to strike a
    deal,” press secretary Karoline Leavitt said midday.

    It’s not just foreign leaders who have been calling. As the tariff
    deadline neared this week, the chief executives of some of the largest multinational companies — who have been loathe to criticize Trump’s
    tariffs publicly — nonetheless maintained a robust backchannel to the
    White House.

    An onslaught of CEOs from banking, technology, and industrial companies –
    among others – have been lighting up the phone lines of chief of staff
    Susie Wiles, Vice President JD Vance and Treasury Secretary Scott Bessent, several executives told CNN, to argue the tariff policy will harm the
    global economy and credibility of American business and government. The
    recent effort was described by one CEO close to the White House as a
    “tsunami” in recent days.

    Trump endorsed the shift in message toward more dealmaking – and notably, messengers – after becoming frustrated by Commerce Secretary Howard
    Lutnick’s television appearances, which seemed to fuel the market’s
    meltdown, several executives familiar with the discussions told CNN. The
    shift also came after aides warned Trump that the damage sustained in the market would endanger him politically, those people told CNN.

    Wiles, those executives added, had been particularly effective in
    convincing Trump that the market rout was costing considerable political capital that he would need for future agenda items, with lawmakers
    fielding increasingly angry constituent calls as the market continued
    sinking.

    “There are voices in the White House that want high tariffs forever. There
    are angels and demons sitting on President Trump’s shoulders,” Texas Sen.
    Ted Cruz posted on X. “Who does he listen to? I hope he listens to the
    angels.”

    After days of criticism from some of his closest allies over his tariff strategy, Trump on Tuesday made clear he was confident in his decisions.

    “I know what the hell I’m doing,” he told the GOP crowd.

    White House spokesman Kush Desai said in a statement to CNN that “the administration maintains regular contact with business leaders, industry groups, and everyday Americans,” adding that “the only special interest
    guiding President Trump’s decision-making, however, is the best interest
    of the American people.”

    Desai added: “The entire Trump administration is playing from the same
    playbook – President Trump’s playbook – to level the playing field for our industries and workers, and Secretary Lutnick continues to be one of the administration’s most effective TV communicators for that playbook.”

    Seeking deals that go beyond tariffs and trade barriers
    But what precisely the president is looking for from his foreign
    interlocutors will vary by nation, White House officials said. It seemed certain the contours of his new trade deals would extend well beyond
    tariffs and trade barriers to other areas, including US military presence
    and foreign aid.

    Trump described the approach Tuesday as “one-stop shopping”: using the
    threat of withering tariffs as leverage on any manner of issues arising
    between the United States and its partners.

    “A beautiful and efficient process!!!” he wrote online.

    In some cases, the White House is working with the State Department on preparing lists of actions that countries could take, according to one US official.

    That is the case with China, where one idea on the table is for President
    Xi Jinping to make a public pronouncement that Chinese companies should
    stop producing fentanyl precursor chemicals, which could be an effective
    step in reining in the global drug war, an issue that Trump has
    prioritized.

    There is no expectation that an offer completely devoid of trade or tariff action will spur movement, particularly because Trump himself has said
    that this is the “only chance” for the US to “re-set the table” on trade.
    But sources involved in the current discussions expect offers that couple action on trade plus something else to sweeten the deal could be
    effective.

    Trump’s advisers hope to have results soon that can demonstrate the
    success of his tariff plan, which has generated deep concern even among
    his closest allies and sent markets reeling earlier this week.

    Trump, too, is eagerly watching as his global counterparts seek him out in
    the hopes he’ll lift his tariffs, relishing his role as the ultimate
    decider on what — and who — gets a reprieve, depending on what they’re offering.

    “I call them tailored, not off the rack,” Trump said of the nascent
    agreements his team is now entertaining with as many as 70 countries that
    have approached the administration to talk trade.

    The logistics of arbitrating dozens of new bilateral agreements did not
    seem lost on the president, who suggested he may conscript lawyers at the
    large law firms he’s targeted for retribution to help him write up the
    terms.

    “We need a lot of talent. We have a lot of countries coming that want to
    make deals,” he said in the East Room, where he was discussing a new
    energy initiative surrounded by coal workers in hard hats. “Our problem is
    [we] can’t see that many that fast,” he said of the countries reaching
    out.

    For that reason, there appeared little hope for an eleventh-hour
    cancelation of the new duties that are set to take effect at midnight. For
    as keen as Trump and his team are to secure new agreements that can be trumpeted as examples of the tariffs’ success, advisers expressed doubt
    they could be struck in only a day’s time, even for a president in a
    hurry.

    And for as enthusiastic as many foreign leaders appeared to be to hop on
    an airplane or pick up the phone, the world’s second-largest economy
    proved a tougher case.

    “China also wants to make a deal, badly, but they don’t know how to get it started,” Trump wrote on social media. “We are waiting for their call. It
    will happen!”

    It hadn’t happened by the time US markets closed Tuesday. After posting
    big gains earlier in the day, the S&P 500 slumped again in late-day
    trading when it became clear Trump was plowing ahead with the new tariffs, including an extraordinary 104% tariff on China that will take effect a
    minute past midnight.

    Trump has spent the last four years brooding about the shortcomings of the trade agreements he signed with China during his first administration.
    Beijing reneged on many of its promised purchases of American farm
    products, and Chinese duties on US soybeans and corns caused agricultural exports to sink.

    This time around, Trump is seeking out a bigger, better trade agreement,
    and hopes the massive tariffs applied on China will lure its leader, Xi Jinping, to the negotiating table. So far, however, Xi has resisted
    Trump’s pressure to submit, ratcheting up tit-for-tat tariffs that could
    have widespread consequences.

    Continued mixed messages from the administration
    Trump acknowledged the effect his tariffs were having on global stability
    in his remarks Tuesday.

    “Sometimes you have to mix it up a little bit,” he said, describing his
    tariffs as “somewhat explosive.”

    Just this week, the market has shifted based on the conflicting messages
    of the people around the president. On Sunday, Lutnick said any chance of
    Trump reversing, pausing, or diluting his tariffs would “absolutely not” happen. That stance spurred steep losses for global markets that
    positioned US markets to open at levels that represented a 20% drop from all-time highs reached in mid-February, the fastest drop of that magnitude
    in history.

    Markets experienced a slight bounce on Monday when National Economic
    Council Director Kevin Hassett sidestepped a question over whether Trump
    would consider a 90-day pause – leading to false interpretations that
    Trump was, in fact, open to such a move.

    By Tuesday, though, Bessent was front and center, attempting to reset the
    White House’s message that the tariffs were a means to a negotiated end.

    But as early deliberations are now underway among nations looking to
    strike a deal, some countries say they are still receiving mixed messages
    from different corners of the administration.

    In recent days, Lutnick told Japanese officials that making commitments on
    a possible future 800-mile pipeline facilitating transport of US natural
    gas to Asia more quickly – which has been referenced as a possible Alaska pipeline – would not be meaningful in these conversations, according to
    two sources familiar with the discussions.

    The Alaska pipeline is a project Trump has supported and has urged Japan,
    South Korea and Taiwan to partake in. And on Tuesday morning, Bessent, who
    has been tapped to lead the tariff talks with Japan, publicly spoke about
    the Alaska pipeline as a ripe topic to include in the negotiations.

    “We will see what our trading partners offer. For instance there is talk
    of a big energy deal in Alaska where the Japanese, and perhaps the
    Koreans, perhaps the Taiwanese, would provide – would take a lot of the
    offtake – and provide financing for the deal,” Bessent said on CNBC. “That could be an alternative for them to come forward with that because not
    only would that provide a lot of American jobs, it would narrow the trade deficit.”

    The confusion over what to include and what not to include underscores a concern among some former Trump administration officials that negotiating without a clear end game could become messy and unproductive.

    “The president always wants the same thing in any negotiation: more,” said
    a former administration official.

    “Even if the president was willing to discuss compromises, his differing rationales for the tariffs could conflict with one another and raise a
    question as to if he is even willing to negotiate.”

    This story has been updated with additional details.


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