Trump's Trade Deals: Promises Unfulfilled, Funds in Limbo
Update: 2025-12-19
Description
President Trump secured preliminary trade deals with EU, Japan, and South Korea, promising government-backed investment funds for American manufacturing. However, these commitments, totaling over two trillion dollars, remain in limbo with little progress. Skepticism arises as theres a lack of detailed information on how these funds would operate. Senator Mike Rounds hasnt received feedback on their effectiveness. The situation mirrors a past Chinese pledge to increase soybean purchases. Treasury Secretary Scott Bessent proposed these funds as a step towards establishing a U.S. sovereign wealth fund, but European leaders downplayed their significance. South Koreas key issue is the funds structure, while a South Korean initiative has seen some progress. The Japanese government is still working on a profit-sharing agreement.
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