Quotes
We will use our tools to safeguard our economic security and interests. And we will protect our workers, businesses and consumers at every turn,
she said at the Munich Security Conference on Friday I have decided for purposes of fairness, that I will charge a reciprocal tariff — meaning whatever countries charge the United States of America, we will charge them no more, no less. In other words, they charge us a tax or tariff and we charge them the exact same tax or tariff,
Trump said at the White House With reciprocity, as defined by Trump, U.S. tariffs would be probably on average 10 to 15 percentage points higher. In my opinion, tariffs actually hurt the U.S. economy, so while they would raise revenue ... they would reduce GDP growth,
It's a relief that the administration isn't rushing to impose new tariffs, and we welcome the president taking a more nuanced, interagency approach,
said Tiffany Smith, vice president for global trade at the National Foreign Trade Council They effectively don't let us do business. So we're going to put a number on that that is a fair number. We're able to accurately determine the cost of these non-monetary trade barriers,
Obviously, it disrupts the way that things have been done for a very long time,
said Richard Mojica, a trade attorney at Miller & Chevalier, in the AP report The trade deficit is really a macroeconomic imbalance,
said Kimberly Clausing, a UCLA economist and former Treasury official This is beyond negotiation. It's to be taken very seriously,
said Josh Lipsky, director of the Atlantic Council's GeoEconomics Center and a former adviser to the International Monetary Fund who also served in the Obama White House It's hard to plan in any sort of long-term, sustainable way,
Our analyses suggest that the main impact will be on growth,
said European Central Bank Vice-President Luis de Guindos It's just a very, very chaotic environment,
said Stephen Lamar, president and CEO of the American Apparel & Footwear Association We encourage the president to seek coordination and collaboration with our trading partners and bring stability to our supply chains and family budgets,
It will likely result in higher prices for hardworking American families and will erode household spending power,
David French, NRF executive vice president of government relations, said in a press release published Thursday It could be win-win,
said Christine McDaniel, a former U.S. trade official now at George Mason University's Mercatus Center Trump is throwing that out the window ... Clearly this is ripping up trade. There are going to have to be adjustments all over the place,
Increases in tariffs and quotas are a negative supply shock, especially if accompanied by retaliation. This vicious circle should be avoided,
Since intermediate goods make up about 45 percent of total US imports, such tariffs would ultimately undermine the competitiveness of American companies by raising the cost of industrial inputs,
I do think every country has been put on notice. And if you were going to implement reciprocal tariffs on the scale he's talking about, this is actually how you would go about it,
We applaud President Trump’s idea to look at all vehicle imports to the U.S., an important step forward,
Ford Motor Co Chief Executive Jim Farley said on X after Trump's remarks But as I've already made clear, unjustified tariffs on the European Union will not go unanswered."
The Commission chief warned
