Trump's dealmaker image hits a wall

President Trump's reputation as a consummate dealmaker is being challenged by his second-term record.Why it matters: Supporters inside and outside the White House regularly rhapsodize his negotiating skills. Unorthodox moves are lauded as part of "The Art of the Deal."If Trump's dealmaking stature were to erode, it could limit his flexibility on everything from tariffs to taxes.The big picture: The bar Trump set for himself may have been impossibly high, but he's a long way from clearing it.He said he'd make peace in Ukraine on day one. That was more than 140 days ago.He said he'd make peace in Gaza. A ceasefire collapsed months ago, and talks are deadlocked.A two-month deadline for reaching a nuclear deal with Iran expires on Thursday.He said that trade wars were "good and easy to win." So far, the U.S. doesn't have a single trade deal finalized and implemented. The closest ones are with the U.K., with which America has a trade surplus, and with China, which remains just a framework.He hasn't yet approved deals over the future of either TikTok or U.S. Steel.The "Big Beautiful Bill" is increasingly unlikely to hit his desk by July Fourth.Zoom in: In some cases, like on China trade and U.S. Steel, Trump has prematurely proclaimed that deals are done.In other cases, like the $600 billion in pledged investments from Saudi Arabia, many of the specifics have been kept private.Look ahead: It's entirely possible that Trump will seal one or all of those outstanding deals, including BBB, which would make much of this moot. Momentum, however, is tough to find.

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