Quotes
A risk is that this is the beginning of a tit-for-tat trade war, which could result in lower GDP growth everywhere, higher U.S. inflation, a stronger dollar and upside pressure on U.S. interest rates,
Stephen Dover, chief market strategist and head of financial firm Franklin Templeton Institute, told the Associated Press As far as I can see so far, it’s a relatively limited response, affecting no more than 30 percent of U.S. exports to China,
Bert Hofman, a former World Bank official, told the New York Times If Trump sees this as a direct challenge, his administration could respond with additional trade restrictions. This would intensify the conflict,
It is a response with equal magnitude but in a different way than in 2018,
Gary Ng, a senior economist with the investment bank Natixis in Hong Kong, told Al Jazeera, referring to the tariff war the two countries engaged in during Trump’s 2017-2021 first term Delaying the tariff implementation until February 10 will allow for top level leadership to meet before then, which still creates an opportunity for both sides to step back from the brink and de-escalate the situation,
I don't think they want the trade war escalating,
Gong told the Associated Press If you want to make a list of ways to drive up prices, this would be at the top of the list. It’s totally counterproductive,
Matt Priest, president and CEO of the FDRA told CNN in a phone interview on Monday The measures are fairly modest, at least relative to U.S. moves, and have been calibrated to send a message to the U.S.,
These moves are warnings that China intends to harm U.S. interests if need be but still give China the option to back down,
said Julian Evans Pritchard, head of China economics at Capital Economics You know, back in my day we didn’t have all this technology. Everything was much simpler. What about you, dear
she asks one exasperated fraudster We’re telling Ukraine they have very valuable rare earths,
It is not only unhelpful in solving its own problems, but also damages normal economic and trade cooperation between China and the US,
the statement noted, referring to US's unilateral tariff hike China has filed a case against the US tariff measures under the WTO dispute settlement mechanism,
the commerce ministry said in a statement, The above two entities violate normal market transaction principles, interrupt normal transactions with Chinese enterprises, and take discriminatory measures against Chinese enterprises,
The U.S.'s unilateral tariff increase seriously violates the rules of the World Trade Organization,
The trade war is in the early stages so the likelihood of further tariffs is high,
Oxford Economics said in a note as it downgraded its China economic growth forecast China hopefully is going to stop sending us fentanyl, and if they're not, the tariffs are going to go substantially higher,
As President, it is my responsibility to ensure the safety of ALL Americans, and I am doing just that. I am very pleased with this initial outcome,
Trump said on social media That's very encouraging news,
said Chris Davison, who heads a trade group of Canadian canola producers Frankly speaking, I don't think that raising tariffs is beneficial to the US itself,
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