Trump trade negotiations “totally unrealistic”: Former trade negotiator

Trade Negotiations & Deadlines - Trade negotiations require substantial time, making simultaneous negotiations with numerous countries challenging due to limited bandwidth [1] - The August 1st deadline is approaching, but trading partners anticipate potential extensions despite the president's statements [2] Tariff Impact & Mitigation - Price increases due to tariffs are expected to become noticeable in supermarkets and retail stores, particularly for consumer goods [3] - Companies have prepared for tariffs by building up inventories, but price hikes are imminent [3] - Exemptions for large product categories from tariffs are possible, which would lessen the overall impact [4] Ongoing Tariff Payments - Countries involved in trade negotiations are currently paying tariffs [2]