Canada's trade surplus in January jumps to C$4 billion on tariff threat sales

I’ve talked to multiple companies that are saying, ‘We’re not moving forward with any investment. We need this to be settled,

said trade lawyer Gregory Husisian at the law firm Foley & Lardner

Right now, the tariffs are putting everybody off balance because of their unpredictability and uncertainty,

said John Gulliver, president of the New England-Canada Business Council

Past trade agreements simply don’t mean much if the president can unilaterally violate them and impose tariffs with no checks at all,

said Douglas Irwin, an economist at Dartmouth College

Eswar Prasadthe fallout, former IMF official

It creates an enormous amount of uncertainty for multinational companies that sell products worldwide, that import from the rest of the world, that run these complex supply chains through multiple countries,

said Eswar Prasad, an economist at Cornell University

Customers are pausing on new orders as a result of uncertainty regarding tariffs,

said a transportation equipment company

For now, we have no plans of adding more shelving or space for new items, we will stick to the footprint we have,

she said

Developers of commercial projects like high-rises and hotels budget two years in advance, so they don’t account for new tariffs,

she said

The tariffs will be devastating for small businesses like ours,

she said

That construction budget is now under review and may likely be delayed ... as I recalculate costs that have already been budgeted,

he said

We’re going to be taking in trillions of dollars, and as much as child care is talked about as being expensive, it’s — relatively speaking — not very expensive, compared to the kind of numbers we’ll be taking in.”

In response to a question about how he’d tackle child care costs so more women could join the workforce, Trump brought up his plan to hike taxes on imports and said

We’re trying to balance the budget immediately, and because of the tariff income, which is really go- — it’s — it’s already turned out to be amazing, actually,

Trump said

I’ve decided for purposes of fairness that I will charge a reciprocal tariff,

Trump said last month as he signed a proclamation laying out his plan for reciprocal tariffs

ILLEGAL BORDER CROSSINGS LAST MONTH WERE THE LOWEST EVER RECORDED. THANK YOU!!!”

On Sunday, Trump posted on his social media network

Plants are opening up all over the place,

Trump said

Whatever they tariff us, other countries, we will tariff them. That’s reciprocal back and forth,

Trump said

The uncertainty around what’s going to happen with tariffs is making [businesses] a lot more cautious,

Larry Adam, chief investment officer of the private client group at Raymond James, told MM

Lindsey Grahamsenate Budget Chair

We need to capture this in the legislative process to make it real,

said Graham (R-S.C.).

Reducing IRS staff will have profound effects, hindering the agency’s ability to process the more than 140 million individual tax returns it expects to receive for tax year 2024, potentially causing delays for taxpayers waiting for refunds, and inhibiting the agency’s ability to conduct audits to catch wealthy tax cheats who avoid paying their fair share and to pursue stricter enforcement of rules governing businesses,

they wrote in a letter to Hill that was shared with MM

What has never happened is tariffs being used, as Trump did (this week), as a hammer to get other countries to halt the flow of illegal immigrants or fentanyl,

Alan Wolff, senior fellow at the Peterson Institute for International Economics and former deputy director-general of the World Trade Organization, told CNN

Tariffs are not just about protecting American jobs, they’re about protecting the soul of our country,

he said