Quotes
He is with his trade and tariff team right now, perfecting it to make sure this is a perfect deal for the American people and the
she said
If tariffs at 20, 25 per cent were put on the UK and maintained for five years, our assessment of what that does is that it will knock out all the headroom that the Government currently has.
Professor David Miles, from the Office for Budget Responsibility (OBR), told MPs on the Treasury committee yesterday
I am afraid Rachel Reeves is going to have to come back next week for a new emergency Budget because the [statement] she laid out last week hasn't lasted a week
Shadow business secretary Andrew Griffith told Sky NewsWe're told about this 11th-hour bid by the government to halt a trade war, a special carve out for the United Kingdom. Where are we at with that deal with the US?" ... Why weren't we prepared?"
before she raged
This is the last thing the UK needs, we're already teetering on the edge of recession we haven't seen any growth, we had a difficult Spring statement." ... Look at the timeline of this the Labour government got voted in last summer, Trump's administration took over in January, so they knew this was coming, and they knew we were out of Europe, so why did they not make diplomatic moves to smooth over the water and make sure this wouldn't happen."
Andy stated ... However, Clare hit backAt a minimum, Trump’s trade wars make it even more likely that further spending cuts or tax rises are coming in the autumn budget – we just don’t know how much at this stage.”
John Springford, of the Centre for European Reform, said
Even if the UK’s sensible strategy of avoiding tit-for-tat tariffs pays off, as a small, open economy it won’t be immune to the impacts of supply chain disruptions and global growth headwinds as a result of US tariffs and possible retaliation.”
Emily Fry, a senior economist at the Resolution Foundation, saidWe should not be engaging in a trade war or tit-for-tat retaliation - that makes everybody poorer."
She saidWe need to make sure that we keep the cost of living as low as possible for the British public,
she saidI can’t give a timescale on that but, of course, the longer we don’t have a potential resolution to that, the more we will have to consider our own position in relation to that,
Mr Reynolds said in a reference to potential retaliatory tariffs
Trump, tariffs, massive uncertainty—how can you do business planning with all of this uncertainty and the daily changes in direction made by the Trump administration?”
one computer and electronic manufacturer told the Federal Reserve Bank of Dallas in a survey released Monday
It’s natural for people to expect higher prices because we haven’t seen a trade war like this since McKinley,
said Art Hogan, chief market strategist at B. Riley Wealth Management.jpg)
The president will be announcing a tariff plan that will roll back the unfair trade practices that have been ripping off our country for decades. He’s doing this in the best interest of the American worker,
White House press secretary Karoline Leavitt told reporters on MondayWe will learn a very hard lesson very fast and maybe not make the mistake again,
York saidYou’d start with all countries, so let’s see what happens,
Trump said SundayI wouldn’t be surprised if the average person didn’t notice tariffs during Trump’s first term in their day-to-day lives,
said York, the Tax Foundation executiveWe’ve never seen anything like this. It’s unprecedented and radical,
said Erica York, vice president of federal tax policy at the Tax Foundation, a right-leaning think tankTariffs! We need to make decisions, but the ball is constantly moving. This is truly ridiculous,
the manufacturing executive wroteTariff uncertainty has put an unexpected stranglehold on markets,
Anthony Saglimbene, Ameriprise’s chief market strategist, wrote in a report MondayDoes President Donald Trump want a recession? He is going to get one if he continues to pursue his chaotic tariff policies,
Ed Yardeni, president of investment strategy firm Yardeni Research, wrote in a report on Monday