• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
LeadershipNorth Korea

Donald Trump’s Deal-Making Style Takes a Turn

By
David Meyer
David Meyer
Down Arrow Button Icon
By
David Meyer
David Meyer
Down Arrow Button Icon
February 28, 2019, 8:17 AM ET

It’s crunch time for President Trump’s deal-making skills.

Having been much criticized in the past for touting unclear wins as major victories—in particular last year’s detail-light initial agreement with Kim Jong Un—Trump has now walked away from his summit with the North Korean dictator, after Kim pushed for the wholesale lifting of U.S. sanctions on North Korea. “Sometimes you have to walk and this was just one of those times,” said Trump.

True enough, though there are multiple ways in which to interpret this latest development. Perhaps the president has taken that previous criticism on board. Maybe he was just stung by Pyongyang’s continuation of its nuclear program after last year’s vague promises. Or Trump may have just taken heed of what his advisors have been telling him: that abandoning sanctions would be a bridge too far at this stage of the negotiations, even if it meant Kim’s regime agreeing to take significant steps towards denuclearization.

Either way, the abandonment of the summit points to a change in tack that leaves Trump’s negotiating style less easy to pigeonhole than it previously was. The question now is whether Trump’s style in relation to the Chinese trade negotiations—also fairly conciliatory, judging by the last meeting between Trump and Xi—will also change.

Last week provided a near-satirical episode in which, in front of the media, chief negotiator Robert Lighthizer directly contradicted the president over the meaning of memorandums of understanding—a standard device that would have formed the basis of any new deal, but a term that Trump clearly doesn’t like, believing incorrectly that MOUs cannot be binding. After Lighthizer explained that MOU was a contract of sorts, Trump said “I disagree,” prompting the top Chinese negotiator to laugh out loud, and browbeating Lighthizer into agreeing that any deal must be referred to as a “trade agreement.”

Will Trump listen to his experienced, expert U.S. trade representative as the China talks enter what may be their final stages? Or will he settle for a weak deal in order to achieve a conclusion, as the Hoover Institution’s Niall Ferguson has warned might happen?

There are many variables in play right now, especially considering China’s role in the North Korea talks, but as these sagas develop we should get to see how good a dealmaker Trump really is.

This article originally appeared in Fortune’s CEO Daily newsletter. Subscribe here.

About the Author
By David Meyer
LinkedIn icon
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

trump
PoliticsIran
Trump’s journey from ‘annihilation’ to ‘PEACE’ in one day rested on realization of a long-term battle to control Strait of Hormuz
By Aamer Madhani, Will Weissert, Josh Boak, Farnoush Amiri and The Associated PressApril 9, 2026
1 hour ago
Why CEO Michelle Gass is thriving at Levi’s after stumbling at Kohl’s
NewslettersCEO Daily
Why CEO Michelle Gass is thriving at Levi’s after stumbling at Kohl’s
By Phil WahbaApril 9, 2026
3 hours ago
quiet
AIdisruption
White-collar workers are quietly rebelling against AI as 80% outright refuse adoption mandates
By Nick LichtenbergApril 9, 2026
4 hours ago
Zuckerberg, dressed a black suit, walks away from a white car.
AIMeta
Meta just killed a dashboard that let employees compete to be the company’s No. 1 AI token user
By Jacqueline MunisApril 9, 2026
5 hours ago
Jamie Dimon says the best teams work like Navy SEALs, not sprawling ‘flat’ corporations
Workplace CultureLeadership
Jamie Dimon says the best teams work like Navy SEALs, not sprawling ‘flat’ corporations
By Claire ZillmanApril 9, 2026
6 hours ago
barista
SuccessGen Z
Gen Z doesn’t want your full-time job. They want several part-time roles, and it’s reshaping the entire workforce
By Jake AngeloApril 9, 2026
6 hours ago

Most Popular

The U.S. had a national debt ‘home run’ in its grasp, says Jamie Dimon. But the government did nothing, and now its best option is crisis management
Economy
The U.S. had a national debt ‘home run’ in its grasp, says Jamie Dimon. But the government did nothing, and now its best option is crisis management
By Fortune EditorsApril 8, 2026
1 day ago
2 years ago, Saudi Arabia quietly canceled the ‘petrodollar’ deal with America that wired the world economy for 50 years. Then war broke out in Iran
Energy
2 years ago, Saudi Arabia quietly canceled the ‘petrodollar’ deal with America that wired the world economy for 50 years. Then war broke out in Iran
By Fortune EditorsApril 7, 2026
2 days ago
MacKenzie Scott's latest donation takes her HBCU giving to well over $1 billion
Success
MacKenzie Scott's latest donation takes her HBCU giving to well over $1 billion
By Fortune EditorsApril 7, 2026
2 days ago
Current price of oil as of April 8, 2026
Personal Finance
Current price of oil as of April 8, 2026
By Fortune EditorsApril 8, 2026
1 day ago
Artemis II’s astronauts are on their way home—a six-figure salary but no overtime or hazard pay awaits them back on Earth
Success
Artemis II’s astronauts are on their way home—a six-figure salary but no overtime or hazard pay awaits them back on Earth
By Fortune EditorsApril 7, 2026
2 days ago
Self-made billionaire MrBeast says his work-life balance is nonexistent and calls it a ‘miracle’ if he works less than 15-hour days: ‘I live to work’
Success
Self-made billionaire MrBeast says his work-life balance is nonexistent and calls it a ‘miracle’ if he works less than 15-hour days: ‘I live to work’
By Fortune EditorsApril 8, 2026
22 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.