Quotes
There seems to be this sense in the White House that trade surpluses are good and trade deficits are bad. There are cases where that may be the case. But look, we have a trade deficit because the United States is a rich country. And we are using our high income to buy goods and services from other countries."
Ernie Tedeschi, director of Economics at the Yale Budget Lab and former White House economic adviser, told NPR on Monday Germany produces trade surpluses from year to year, and Germany has seen economic stagnation,
They take almost nothing, and we take everything from them."
Trump justified the move with reference to America's trade deficit, saying Higher imports could reflect stronger U.S. growth—a good thing,
We didn’t ask for this, but we will not back down in standing up for Canadians,
a grim Prime Minister Justin Trudeau said in an address President Trump has believed, tried and true, that tariffs are the way to help make our country prosperous and wealthy,
Donald Trump is not weak, ... We saw that from the day that he had the attempted assassination on his life. He jumped up and he showed the power of strength with his fist in the air. That's exactly how he's leading as the president of the United States and he'll continue to lead with that."
the Missouri Republican said on "Wake Up America." The extent of the impact will depend on a number of factors, including the final tariff rate and the response of other countries,
Trade Secretary Cristina Roque said Higher tariffs to be imposed on imports from China, Canada, Mexico may create a trade diversion effect that can potentially benefit third countries like the Philippines,
EMB Director Bianca Sykimte told The Manila Times If Congress does not act by the end of this year, every individual rate goes up,
Without the moderating effect of a fully-functioning WTO dispute settlement mechanism, the new tariff threats could lead to a wave of unilateral retaliatory measures from countries worldwide that could result in a full-scale global trade war,
[The ... The] Philippines will have the same level playing field compared to other exporting countries to the US,
The Trump tariffs will make gas prices go up, and we should not listen at all to Donald Trump when he says it's about stopping fentanyl,
WILL THERE BE SOME PAIN? YES, MAYBE (AND MAYBE NOT!). BUT WE WILL MAKE AMERICA GREAT AGAIN, AND IT WILL ALL BE WORTH THE PRICE THAT MUST BE PAID."
In response to Americans absorbing costs from the tariffs, Trump said in a post Sunday on Truth Social President Trump kickstarted a golden age of higher costs for American families with his 25% tariffs on Canada and Mexico,
Schumer said Monday on the Senate floor China, Mexico, and Canada are our three largest trading partners,
Coons said in a statement Friday Nearly 10,000 frontline personnel are and will be working on protecting the border,
Trudeau said in a social media post on X on Monday We will list cartels as terrorists, ensure 24/7 eyes on the border, launch a Canada-U.S. Joint Strike Force to combat organized crime, fentanyl and money laundering,
These soldiers will be specifically designated to stop the flow of fentanyl, and illegal migrants into our Country,
Trump said on Truth Social We can send them, and he will put them in his jails,
Rubio told reporters, referring to illegal immigrants behind bars in U.S. prisons
