Trump boxed in on trade
Trump is in a trade mess.
His new trade deal to replace the 1994 North American Free Trade Agreement (NAFTA) is bogged down in Congress with little chance of passing, while the China deal he promised more than a year ago is quickly unraveling.
The administration on Friday increased tariffs on $200 billion in Chinese goods, raising the prospect of retaliatory measures from China, and Trump is due to make a decision Saturday on whether to place tariffs on automobile imports.
Congressional Republicans are frustrated that the new NAFTA deal, known as the United States-Mexico-Canada Agreement (USMCA), is stalled with little prospect of winning ratification in the Democratic-controlled House. That impasse is coming at a time when negotiations with China are sliding backward, leading to prolonged pain in farm states whose exports have been caught up in the trade war.
https://thehill.com/policy/finance/trade/443213-trump-boxed-in-on-trade
Sure. Blame the Democrats for the dotard's incompetence.