Quotes
I think the focus of China's response in the near term won't be retaliatory tariffs or such measures,
said Bruce Pang, adjunct associate professor at CUHK Business School The hike in tariffs was more aggressive than expected,
Lynn Song, chief economist for Greater China at Dutch bank ING, told Al Jazeera The increased costs would cause significant disruption throughout the supply chain and, perhaps, most importantly, lead to significant price increases to the cost to American consumers for vehicles,
the Detroit Regional Chamber and MichAuto, an automotive and mobility association, said in a letter, the Reuters news agency reported Escalation of tariffs and a continuation of unilateral measures could deepen the erosion of trust in the global trade system, further pushing China to diversify its partners and reduce reliance on the US market,
Carlos Lopes, a Chatham House associate fellow with expertise in international trade and China, told Al Jazeera back in January It ends up driving higher prices for US consumers, higher inflation, slows down growth and, as a result, that puts real pressure in across the world.”
On Thursday, New Zealand Prime Minister Christopher Luxon responded to the 10 percent tariffs imposed on the country There is no winner in a trade war, and there is no way out for protectionism,
the ministry said in a statement