WASHINGTON — President Trump keeps firing verbal broadsides at Mexico and China, but so far his new administration has not acted to keep specific campaign promises about trade policy.
Mr. Trump did not declare China a “currency manipulator” on his first day in office, as he had vowed, nor has he after his first month. Steven Mnuchin, the Treasury secretary, said on Thursday that his department was conducting a standard biannual review of the currency practices of China and other trading partners.
Mr. Trump also has not initiated the renegotiation of the North American Free Trade Agreement with Mexico and Canada, something he promised to “immediately pursue.”
“There’s definitely a huge gap between rhetoric and reality,” said Chad P. Bown, a senior fellow and specialist on trade policy at the Peterson Institute for International Economics.