Trump's dealmaker image hits a wall

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.