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Trump’s Stalled Trade Agenda Leaves Industries in the Lurch

 After beginning his presidency with a bang by withdrawing from the Trans-Pacific Partnership pact in January, Mr. Trump has accomplished little else of significance when it comes to reorienting deals with other countries. Instead, his administration has been struggling to work through the complicated rules that dictate international commerce. All the while, they are learning that bold campaign promises are hard to keep when many voices advocate different plans.For many businesses that had raised their hopes, frustration is mounting by the day.America’s steelworkers are on edge as they wait for Mr. Trump to fulfill his promise to place tariffs on steel imports. Home builders are desperate for the president to cut a deal with Canada to end a dispute over its softwood lumber exports. And cattle ranchers are longing for a bilateral pact with Japan to ease the flow of beef exports. One accomplishment that Mr. Trump has notched on trade has been an agreement with China that opened its market to American beef exports. For the beef industry, however, the benefits of that deal pale in comparison with the cost of abandoning the Trans-Pacific Partnership, which had been spearheaded by President Barack Obama. It would have provided access to the enormous Japanese market.Instead, Japanese tariffs on American frozen beef, which would have declined under Mr. Obama’s deal, are on the rise. Last week, they increased to 50 percent from 38 percent, making America’s meat even more vulnerable to competition from countries such as Australia. The Trump administration has made the renegotiation of trade agreements central to its strategy for economic growth. Reducing trade deficits with other countries is one of its measures of success. Informed by his background in the real estate business, Mr. Trump has maintained that bilateral trade deals are simpler and more likely to benefit the United States than the multilateral pacts like Nafta or the Trans-Pacific Partnership.

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The New York Times