Quotes
Just spoke to Justin Trudeau. Will be speaking to him again at 3:00 P.M,
Trump said on his Truth Social network, while pushing his argument that the tariffs were about a "drug war" aimed at stopping the flow of fentanyl There are three reasons why we think the 25% tariffs may not be permanent. First, they would be disruptive for the US, and US business groups are already exerting pressure on the Trump administration. Second, they will be hard to implement due to the high degree of integration in manufacturing in North America. Lastly, we think Canada and Mexico are likely to agree to most of Trump's terms on migration and drugs,
Bank of America global economist Claudio Irigoyen said in a note to clients Monday Our economists expect that fully implemented tariffs would have meaningful consequences. A recession in Mexico becomes the base case. US Inflation could be 0.3 to 0.6pp higher vs baseline over the next 3-4 months (putting headline PCE inflation at 2.9% to 3.2%) and US growth could be -0.7 to -1.1pp lower vs baseline over the next 3-4 quarters (putting real GDP growth at 1.2% to 1.6%),
Morgan Stanley strategist Michael Zezas said in a note to clients Sunday While this is a clear warning against retaliation, it has no automatic effect,
Canadians appear to have misunderstood the plain language of the executive order and they're interpreting it as a trade war,
I think this is going to be one of the biggest supply-side positive shocks that we've ever seen,
The good news is that in our conversations over the weekend, one of the things we've noticed is that Mexicans are very, very serious about doing what President Trump said,
Kevin Hassett, the director of the White House's National Economic Council, said on CNBC They've got to stop people from pouring into our country ... they have to stop people pouring in, and we have to stop fentanyl. And that includes China,
said Trump, who announced an additional 10% tariff on Chinese goods Donald Trump is not only barking, he's also biting and he's delivering all of his election promises,
We [Europeans] need America, and America needs us as well."
The global trade environment has been plunged into uncertainty. We will just have to wait and see what actions are taken by Mr. Trump vis a vis India,
pointed out trade expert Srivastava There is scope for India to buy more weapons from the U.S. of which fighter jets could be a component,
according to defense analyst Rahul Bedi We don't want to give anybody any signal that we would like to be protectionist,
Finance Secretary Tuhin Kanta Pandey told Reuters after the cut in duties was announced during India’s annual budget presentation on Saturday Lowering some tariffs is the symbolic approach. We have made some gestures but nowhere near what would satisfy Trump,
according to Manoj Joshi, distinguished fellow at the Observer Research Foundation in New Delhi These latest reductions in tariffs signal a policy shift that could enhance U.S. exports in sectors such as automobiles, technology and some components for the space sector,
according to Ajay Srivastava, founder of Global Trade Research Initiative, a think tank based in Delhi On tariffs, I think the U.S. will put more pressure — after all, if Trump did not carve out exceptions for allies like Canada, why will he do it with India,
Investors are rattled at the prospects of a full-blown trade war breaking out,
Susannah Streeter, head of money and markets at Hargreaves Lansdown told the BBC, We’ve had a couple of meetings, we’ve had numerous phone calls. We’re getting along very well. We’ll see whether or not we can balance out our budget,
This is for all the ladies that know the magic that they bring to the room,
Any infrastructure upgrades would not happen overnight,
