Art of the Deal: Trump Finalizes and Implements Zero Out of 90 Promised Trade Deals Arrow

Ahead of Donald Trump's extension of his self-imposed tariff deadline, DNC Chair Ken Martin released the following statement:

"The American people were promised 90 deals in 90 days, and instead, Donald Trump has continued to plunge the American economy into chaos by giving himself another extension after he failed to finalize and fully implement a single deal. The only thing Trump has delivered is more pain to American consumers and the largest cuts to health care and food assistance in American history. While Trump drags the American people toward a financial crisis, hardworking families and small businesses are already drowning in sky-high costs and a dramatically slowing job market. The bottom line: Trump is a crooked liar. His only 'art of the deal' is screwing over working families to line his own pockets."

NEW TODAY: The Trump administration failed - massively - on its promise of 90 deals in 90 days.

Reporter: "August 1st you've said is the deadline. What incentives do countries have to negotiate? It seems that deadline keeps moving."

Donald Trump: "No, it's always been August 1st. … I didn't make a change."

Garrett Haake, NBC News: "President Trump just denied changing the date for tariff deadline to August 1, saying in cabinet meeting that was always the date.

"Here's the EO he signed yesterday moving the deadline from July 9 to August 1."

TIME: "The 90-day pause, during which the Trump Administration pledged to negotiate deals with trading partners, was set to expire on Wednesday, July 9, but the White House confirmed on Monday that it would push back the start of hiked tariffs to Aug. 1.

"Trump also began sharing 'letters' to multiple heads of state on Truth Social, alerting them of the tariff rates their countries will face next month if they do not reach deals before then.

"While Trump's trade adviser Peter Navarro said in April that the Administration would deliver '90 deals in 90 days,' officials lowered expectations in recent days. …

"[E]xperts had said even many major trading partners may not be able to reach deals so fast, and the agreements that have been reached are more broad frameworks with details to be worked out later than concrete deals."

Politico: "For all his optimistic talk on trade, Trump has made little tangible progress since this spring's tariff spree, so far only securing frameworks of agreements with the U.K. and China and leaving American businesses grappling with continued economic uncertainty."

REMINDER: Donald Trump flip-flopped on his own chaotic trade war timeline 27 times - throwing small businesses and the American economy into chaos.

Forbes: "Trump Claims 'No Extension' To New Tariff Deadline-Here Are The 28 Times He's Flip-Flopped Since 'Liberation Day'"

CNBC: "100% of CFOs taking the survey said current policy uncertainty is affecting their ability to make business decisions, with about one-third saying it is having a 'significant impact.'"

Economists are sounding the alarm that Trump's disastrous agenda will bring higher inflation, higher unemployment, and slower growth.

Reuters: "Federal Reserve Bank of New York President John Williams expects slower growth and higher inflation this year due in large part to trade tariffs …

"Williams said that as a result he expects growth to slow considerably this year to around 1%, with the unemployment rate rising from its current 4.2% level to 4.5% by year's end. The official also expects that inflation will rise to 3% as President Donald Trump's tariffs drive up prices …"

Federal Reserve Bank of Richmond: "Record Concern about Tariffs Expected to Increase Costs and Prices, Reduce Hiring and Investment"

"Forty percent of [CFOs] indicated tariffs and trade policy were a pressing concern for their firm this quarter, a record share of respondents citing the same concern going back to the second quarter of 2020 - a time period that covered the pandemic, severe supply chain disruption, and the highest inflation rate the U.S. has seen since the early 1980s."

Axios: "More than 70% of U.S. small and mid-sized businesses say tariffs have already increased their operating costs …

"72% of U.S. companies said tariffs have already increased their costs, and 77% expect those costs to rise further by the end of the year."