Trump Freaks Out As Countries REJECT His Trade Deals

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Donald Trump only has a few days left to get dozens of trade deals done before his self-imposed July 9th deadline, and it doesn’t look like he’s making any headway anywhere. According to reports, only two countries have signed any kind of “framework,” which isn’t even a firm deal – and that is all that the administration has to show for months of “negotiations.” Ring of Fire’s Farron Cousins explains what’s happening.
 
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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

Donald Trump's self-imposed deadline for coming up with hundreds of trade deals from the alleged hundreds of countries that have of course been knocking down their door just saying, please make a trade deal with us. Well, that deadline is coming up on July 9th. So Trump has effectively nine days to come up with over 200 trade deals because they said that over 200 countries have called them. And yet here we are nine days out and Trump has a grand total of zero trade deals, not one. According to recent reports, the Trump administration, based on their own admissions,

Has two

Frameworks of deals with two countries. And that is, of course presumed to be China, which is the biggest one and the United Kingdom. But those are not actual deals. Those are not terms that either side has officially agreed to. It is just a framework when it comes to literally every other country on the planet. There is nothing, even those islands with the penguins, apparently the penguins just aren't negotiating. So he has nothing and he has nine days to come up with something. Oh, but don't worry folks. Caroline Levitt's all over it. 'cause Caroline Levitt actually came out the other day and said, you know what? Deadlines don't matter. I'll get more into that in just a moment. But first, a quick word from today's video sponsor

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Focused. So as I mentioned, Caroline Levitt is all over this. She is trying to put everybody at ease. And she told reporters late last week, quote, the deadline is not critical. And to be honest, she's not wrong, except that she's also very wrong. Here's why both of those things are accurate. By the way. First and foremost, the deadline is not critical because it is. It is an arbitrary deadline that Donald Trump created in his head and said, here's your deadline. So under that same logic, Donald Trump could just kick the can down the road again and say, you know what, man? Deadline is August 12th. Deadline is September 2nd. Right? He could just pick a new date and then suddenly we don't have to deal with 25% tariffs on pretty much every country on the planet. But the reason that this deadline is critical in contrary, you know, to what Levitt said is because Trump always chickens out.