Quotes
This is an economic revolution, and we will win,
he added
We have been the dumb and helpless 'whipping post,' but not any longer. We are bringing back jobs and businesses like never before,
Trump wrote on his Truth Social platformChina has been hit much harder than the USA, not even close,
Trump said in his postFor nations that treat us badly, we will calculate the combined rate of all their tariffs, nonmonetary barriers and other forms of cheating,
Trump said Wednesday
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As the president has made it very clear, Mike Waltz continues to be an important part of his national security team,
White House press secretary Karoline Leavitt told reporters MondayAlways, we’re going to let go of people we don’t like or people we don’t think can do the job or people who may have loyalties to somebody else,
Trump told reporters on Air Force One when asked about media reports on the firingsMy advice to every country right now: Do not retaliate,
Bessent said in an interview Wednesday with Fox NewsAnd because we are being very kind, we will charge them approximately half of what they are and have been charging us,
he saidI think this is the biggest policy mistake in 95 years,
Wharton School professor Jeremy Siegel said Friday on CNBC
ONLY THE WEAK WILL FAIL!"
Trump proclaimed Friday afternoon on Truth SocialIn short, the formula provides rough justice at best, blunt force at worst,
the center said in an analysis
I have great respect for President Xi [Jinping] of China, great respect for China, but they were taking tremendous advantage of us,
Mr Trump said in his White House Rose Garden announcement
A lot of the issues that the administration highlighted, that they’re concerned about, are not really with tariff rates,
Sarah Bianchi, chief strategist of international political affairs and public policy at Evercore ISI, said Thursday during a panel discussion hosted by the Brookings Institution
When I go to the store and buy groceries with cash, I run a trade deficit with my grocery store, but does that mean that I’m worse off? Obviously not,
John Dove, an economics professor at Troy University, told CNNThere does not appear to have been any tariffs used in the calculation of the rate,
said Mike O’Rourke, chief marketing strategist at Jones Trading, in a note to investors WednesdayThe more concerning issue is that these large across-the-board tariffs incentivize our trading partners to retaliate against us,
Dove saidThey charge us, we charge them.”
Trump has frequently saidIf you look at the formula the White House put forward for how they established the new tariff levels, they had nothing to do with non-tariff barriers, ... It looked to me as if it was an ad hoc effort of punishing countries because they had large trade balances with the United States.”
he said, addingBut I have been interested to see how there is still lots of resistance to the idea of China as a reliable partner,
said Beddor
Chinese exports into the US are about 2% of its overall economic output, and so Beijing will think that is manageable,
Beddor said