Trump had a ‘test case’ for trade negotiations with Japan. The failure to reach a deal now has analysts wondering if any will be signed

• Although early White House signals Offering a trade transaction with Japan was imminent, negotiations in Washington, which ended without agreement, highlighting the continued concerns of Japan and refuse to run in family elections. Resistance from US officials and China’s global counterparts suggest that bilateral trade talks will be extended, suspicion of Chief of Staff on the goal of President Trump’s “90 deals”.

The White House threw reviews in the deal during the week of visiting Japan’s main trade.

Indeed, speculation was aware that Tokyo’s visitor could even provide the advantage of the “first engine” by Treasury Secretary Scott Bess. Winning on beneficial conditions.

And yet Ryosei Akazawa, Japan’s Economic Restoration Minister went home without any agreement Local Media: He urged Americans to review themselves “Extremely sorry” actionA number

Moreover, Japanese PM said only yesterday He still has some policies announced by the “Hard Concerns” Oval Office.

Besides, the Japanese Minister of Finance in Washington, which is in Washington in Washington, has been held in Washington, which is in Washington, which is being held, which is preparing for discussion. The claim is likely to be rejected, Sources report ReutersA number

With disagreements with a White House message

Such a resistance from Tokyo has disagreements With a message withdrawing from the white houseWith President Trump “Great progress” made in negotiations with Japan.

Similarly to trade secretary Howard Lutnik He said that Trump was “fully at the residence of the driver” when it came to tariff negotiations, and those meetings with more than 75 countries trying to reduce transaction. “

Conflicting messages are leading analysts who are amazed at how realistic the trump card are “90 transactions in 90 days” pledging to prove.

Investors lose confidence in US dollar this week just because of this fearWritten by Thierry Visman and Gareth Berry, Tariff Strategies, in Macuk, record that is observed FortuneA number

“Many observers, including ourselves, said Japan as an early test for early transaction,” Duet said. “And however, the bilateral talks between the United States and Japan ended without the outlines of the transaction last week.

“It is not clear which problems remain as tempting blocks. This may be US requirements for access to Japan’s agricultural markets, [Japanese yen] Revaluation, higher military spending in Japan or US LNG purchases [liquefied natural gas]and so on. “

A long and drawn process

And while in America, the world’s largest economy can press its allies over the deal, there are other pressures Forming the World Reaction to Trump’s Administration.

It is noteworthy that China warned yesterday that any country working in my interests would be punished.

The United States is accurden that China laid a number of tariffs on 145% growth in the import of the nation. Therefore, in order to make a deal with the United States, it can be given any nation in the mercy of revenge against Beijing.

“China is determined to achieve a deal at the expense of China’s interests.” The speaker of the Chinese Ministry of Commerce said Yesterday, “if this happens, China will never accept it and will resolve resolutions.”

Similarly, Macquarie analysts quote the internal pressure of political leaders as a reason not to mention the dotted line.

“What happened is worse that Japan’s Prime Minister is on July 20 at the top of the top house (particularly after the return of the 90-day tariff).

“In any case, the events surrounding the last week’s talks suggest that at least during long-term bilateral bilateral talks there will be between bilateral talks between bilateral talks, which can be stretched in July and readiness to make bilateral concessions.

Investors could be naive to optimize that the duration would take place almost one night to achieve the transaction. Now, Berry and Visman say the markets can settle for a long time for a long time.

This story was originally shown Fortune.com