Trump's Big CON: "I’m Going to Rip Up Those Trade Deals" Edition

UPDATE III: Another broken promise.

Read the Washington Post, Trump says no plan to pull out of NAFTA ‘at this time’.

UPDATE II:  "President Trump on Wednesday said he would not label China a currency manipulator, contradicting one of the biggest economic promises he made on the campaign trail.

Trump told the Wall Street Journal that he had changed his mind because China is not currently manipulating its currency, adding that he hoped to enlist China’s help on containing the nuclear threat from North Korea."

Read the Washington Post, Trump says he will not label China currency manipulator, reversing campaign promise.

Read also the Washington Post, 3 big ways Trump is starting to sound like Obama on the economy.

UPDATE:  "President Trump, who made opposition to free trade with China and other countries a centerpiece of his campaign and has continued with tough talk since entering office, is struggling to enact policies that match his trade rhetoric. . .

[W]hile Trump has called China “grand champions” of currency manipulation as recently as February, three people familiar with the discussions say it did not appear likely that the Treasury Department would officially designate China in its semiannual foreign currency report due Saturday. . .

Trump had promised to label China a “currency manipulator” on his first day in office, but his administration has moved slowly to follow through on many of his trade-related threats. . .

Ahead of that meeting, Trump had warned of a 'very difficult' discussion “in which we can no longer have massive trade deficits and job losses.” Yet the meeting ended with the White House announcing a '100-day plan' to review the U.S. trade relationship with China. . .

[Senate Minority Leader Charles E. Schumer (D-N.Y.), said] '[t]he ‘100-day plan’ seems typical of what they do: a lot of talk, no action'. . .

Beyond China, the White House has also missed an internal mid-March deadline to begin renegotiating the North American Free Trade Agreement with Mexico and Canada, as a draft letter that would begin the process has not been formally signed.

It also announced a mix of other relatively minor or technical measures to strengthen U.S. trade protections, but experts say those won't do much to benefit U.S. industry unless they're followed by far more substantial action. . .

On trade, the White House has launched numerous reviews but so far done little to change policy."

Read the Washington Post, Ahead of major decision, Trump is struggling to deliver on his trade promises.

You might remember from the campaign, The Donald has many plans, like his pan for ISIS, none of which he can talk about.

"[N]ow he’s president, and guess what? It turns out that he may not end up keeping that promise [about ripping up trade deals], after all . . .

This all fits in well with a pattern that we’ve seen repeated over and over as the Trump candidacy turned into the Trump presidency. Here’s how it works.

    Trump makes a grandiose promise that sounds great to at least some voters but no serious person believes.

    Trump runs headlong into reality and discovers that doing what he promised would either be impossible or disastrous.

    Trump initiates a hasty retreat from his promise."

Read the Washington Post, Another Trump promise bites the dust.