It is easy to talk about the US trade negotiations, but difficult to carry them out. Tariffs are once again delayed, exposing the dilemma of "TACO".

On April 2nd, the "Liberation Day," Trump enthusiastically stated that after decades of American workers and businesses being "plundered," trade will finally begin to tilt in favor of the United States. For the President, unrestricted tariffs will soon make America a "completely different country." He elaborated on his so-called policy of "reciprocity" with trade partners, saying, "This means that they do this to us first, and then we do this to them, it's that simple, nothing simpler." However, three months later, the situation of this shift indicated that the implementation process was more difficult and slower than originally advertised. As the deadline for tariffs coming into effect on Wednesday approaches, and with only a few agreements (or just the rough outlines of these agreements) ready to be announced, the Trump administration has actually acknowledged that their self-imposed deadline was too optimistic for completely dismantling and rebuilding the existing architecture of the US-led global trading system. The decision this week to delay the deadline for tariffs was partly aimed at urging those economies that Trump still believes are willing to cooperate to give their "final offers." Kelly Ann Shaw, partner at Akin Gump law firm and former senior trade advisor to the Trump administration, stated, "This is clearly the final act." But this also reflects a more practical reality: the US negotiating team seems overwhelmed and unable to achieve the benefits of trade concessions within the 90-day tariff suspension period as expected by Trump. On Tuesday, stock markets in Asia and Europe remained stable as Trump seemed willing to continue negotiations during the new extension period. US stock index futures rose as the panic caused by Trump's intensive tariff warnings eased, replaced by optimistic expectations for the current negotiation direction. According to sources, negotiations with India, the EU, and other parties were nearing completion at the beginning of this week, but it was challenging to announce any significant breakthroughs before Wednesday. Shaw said, "The final outcome of any trade negotiation will be complex, and this negotiation is even more so because the US government is negotiating with countries globally. I believe as more agreements are finalized, these tariffs will decrease." He still expected agreements to be reached within the next three weeks. Many of Trump's trade advisors believed the 90-day deadline was too arbitrary and unrealistic. The steep drop in the US stock market and the actions taken by most members of his economic team convinced Trump that temporarily halting trade would force countries to come to the negotiating table. This month, Trump was once again convinced to give more time to ongoing trade negotiations to allow for a smooth completion. On Monday, he refused to acknowledge that the new deadline was unchangeable.