“I’m open to making a deal. But frankly, I like the deal we have right now,” Trump told reporters on Nov. 29 of the billions of dollars in tariffs he had imposed on Chinese goods in 2018.
Just two days later, Trump announced he had made an “incredible” new trade agreement with China but provided few details, leaving his administration struggling to provide specifics for a nonspecific policy, examples of which you can watch in the video above.
China, too, failed to provide specifics this week even as it promised to implement “specific issues on which consensus has been reached.” And Treasury Secretary Steven Mnuchin assured reporters that the talks would yield “specifics,” before declining to discuss said “specifics.”
For months, Trump has used tariffs (and the subsequent negotiations to reduce them) to claim victory, falsely arguing that they will help reduce the federal deficit. Somewhat ironically, the tariffs have not even reduced the trade deficit, as Trump claimed they would.
And despite negotiations to reduce tariffs he imposed, Trump has yet to cut back on any of them.