New Trade Agreements May Take Many Months

“The White House is closing in on general agreements with Japan and India to stave off massive U.S. tariffs, but they are likely to leave many of the thorny details to be hashed out at a later date,” Politico reports.

“In the absence of full-fledged trade deals, administration officials are working to ink what three people close to the White House described as ‘memorandums of understanding’ or a broad ‘architecture’ for future deals.”

“It ‘may take months to hammer out the final deals,’ said one of the people, conceding, ‘these things are complicated.'”