Jared Bernstein: Trump’s Side Trade Deals Are ‘Extremely Flimsy’

EXCERPT:

BERNSTEIN: “And the problem is, and I think a lot of folks are getting this wrong, this is not over today. Anyone who thinks that we’ve resolved the chaotic trade war on August 1st is engaged in wishful thinking. There’s lots more negotiation that’s going to go on, especially when Donald Trump realizes that many of these side deals he thinks he’s made with the EU, with Japan, to buy hundreds of billions of dollars’ worth of American energy or invest, those are extremely flimsy. And the trading partners on the other side, they don’t see it the same way he does. And I think when that reaches him, he's going to start re-negotiating. So I don't see that uncertainty going away, Sam."