“The White House’s shock and awe tariffs can’t drum up enough interest from a ‘first mover“

Discussion in 'Wall St. News' started by TrailerParkTed, Apr 15, 2025.

  1. FORTUNE

    The White House pressed for fast negotiations with its shock and awe tariffs.

    Updated Tue, April 15, 2025 at 3:51 AM PDT
    5 min read
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    U.S. President Donald Trump’s team are on the hunt for their “first mover” on tariffs.





      • Following President Trump's tariff announcement, the administration claimed a surge of interest from world leaders eager to make trade deals. But nearly two weeks later no agreements have been signed, and pressure is mounting to finalize at least one. Treasury Secretary Scott Bessent is now promoting a "first mover advantage" to encourage swift negotiations, though global uncertainty and resistance to rushed decisions have left key allies hesitant to commit.
    In the days after President Trump's April 2 tariff announcement, members of his administration said phones had been ringing off the hook as world leaders lined up to cut new deals.

    But the rhetoric out of Trump's cabinet has begun to change since Trump put a 90-day pause on the "reciprocal" tariffs on April 9, with Treasury Secretary Scott Bessent now drumming up pressure to push at least a single agreement through.

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    Nearly two weeks have passed since the “Liberation Day” announcement and more than 75 countries have reportedly contacted the White House to come to new terms.

    Foreign leaders have made it clear they want to negotiate with Uncle Sam, with the EU going as far as saying it wants zero trade barriers between the nations.

    Trade negotiations are no small undertaking, with billions of dollars of goods and services on the line and potential regulatory changes also an option. But while the Trump administration made it clear it wants to act quickly, not a single deal has yet to be signed even with Canada and Mexico, who were first subjected to tariff threats back in January.

    “First mover” advantage

    Speaking to Bloomberg yesterday, Bessent began selling the advantage of being the "first mover"—the country that is quickest to agree to a deal with the Oval Office in order to avoid paying higher duties on its exports to the U.S…”

    https://www.yahoo.com/news/white-house-pressed-fast-negotiations-105125985.html
     
    Picaso likes this.
  2. maxinger

    maxinger

    Who knows, the Communist Party of China will launch an Unilateral Tariff war against the US.
    And the CPC waits for fast negotiations for its shock and awe tariffs.


    Both Presidents are the most powerful.
    Neither countries is going to blink.


    Who knows, the tariff war will continue for the next 4 years.
     
    MarkBrown likes this.
  3. newwurldmn

    newwurldmn

    Whoever negotiates first gets the worst deal. Especially with a guy like trump.
     
    Picaso likes this.
  4. Realization time. The world won't dance to Trump's whistles. That was obvious from the beginning.
     
    yg10, Bad_Badness and comagnum like this.
  5. S2007S

    S2007S

    But they said everything was fantastic...that deals were being made that were just out of this world......

    Once again more political fucking lies. .
     
    themickey likes this.
  6. Real Money

    Real Money

    Nobody's ever seen anything like it.
     
    ElCubano likes this.
  7. This will end in a major worldwide crisis
     
  8. smallfil

    smallfil

    Wait till they delist all Chinese stocks on the US stock exchanges. That is when the fun starts.
    All these companies are run by the CCP and its top officials enriching themselves.
     
  9. themickey

    themickey

    No Chinese stocks will be delisted.
    You forget who's running America, money is more important than morals or politics.
     
    nitrene and mervyn like this.
  10. mervyn

    mervyn

    i don't know who run the country, but definitely not cheetos' clan.
     
    #10     Apr 16, 2025
    themickey likes this.