Trump trade deals appear distant as tariff tensions simmer
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Trump trade deals appear distant as tariff tensions simmer U.S. President Donald Trump's promises of securing trade deals with major partners took another blow Thursday, with a French minister saying an agreement with the EU was "a long way" off and China insisting talks had not even started. Since returning to the presidency in January, Trump has imposed 10 percent tariffs on most trading partners, including the European Union, as a means of pressuring them to negotiate trade agreements more favorable to the United States. He has also slapped tariffs on sector-specific imports, adding to strained ties with partners. But he saved his toughest blows for China, slapping an additional 145 percent tariff on goods from the world's second biggest economy this year -- drawing strong retaliation. Even though top U.S. officials have touted 18 proposals brought to the trade team and said Washington was setting the stage for a deal with China, Beijing has called claims of ongo...