Quotes
There is great uncertainty about future business activity due to the risk of tariffs and other potential government actions,
one firm in the agriculture, forestry, fishing and hunting space said in the ISM survey
Our data, combined with other recent indicators, suggests a hiring hesitancy among employers as they assess the economic climate ahead,
Nela Richardson, chief economist at ADP, said in the reportIt’s frustrating and stressful,
Trevor Frampton, who owns a feed and pet supply store in Santa Rosa, California, said of the back-and-forth nature of the tariff threatsTariffs are going to have a ripple down effect that could severely harm our business,
one information sector firm said
It feels like the economy is gagging on the uncertainty. And the longer the uncertainty hangs around, the more likely the economy is going to start choking,
Mark Zandi, chief economist at Moody’s Analytics, told CNN’s Kate Bolduan earlier this week, referring to not just trade uncertainty but that over taxes, immigration and federal budget cutsIn the past a lot of the restrictions were focusing on Made in China, and increasingly it is focused on Made by China
says Gary Ng, senior economist at Natixis
The market really wants certainty and it will adjust to whatever they are,
he said at the Bloomberg Invest conference in New YorkTariffs are about making America rich again. It is happening, and it will happen rather quickly,
he added
I have also imposed a 25% tariff on foreign aluminum, copper, and steel,
Trump said in his speech
During Trump's first term there was breathless coverage and obsession over tariffs but without any obviously discernible economic impact,
What they're saying ... Harvard's Jason Furman tells Axios
This supports our view that there will be a goods-driven resurgence in core inflation in the second half of the year,
said Thomas Ryan, North America economist at Capital Economics
Clearly, tariffs will impact the manufacturing sector harder than the overall economy, but the prospect of sharp tariff hikes is clearly going to be bad for the economy, and the unpredictability on this issue over the last few months makes things even worse,
said Stephen Stanley, chief US economist, Santander US Capital MarketsThere will be a little disturbance, but we’re okay with that.”
Referring to his tariff agenda in his speech to Congress on Tuesday he warned
We're going to see a price level change upward,
said Kleinhenz
The exceptionalism and resilience that we've been talking about for two years, I think is starting to show some cracks,
Daco addedWe've got now multiple trade wars on multiple fronts,
Swonk saidThe consumer will likely see price increases over the next couple of days,
Cornell said, with food imported from Mexico now hit with a 25% levyTariffs and policy are not changing that…they could slow the spots down in the near term.”
Ives saidThis will be an ‘uncomfortable time for growth investors’....but ultimately this is not the time to run for the hills in the tech trade and instead overn these tech AI winners.”
Ives saidWhat I learned about music is more than just lyrics on the beat,
said Hip-Hop Therapy Studio student Kryst Jackson