Quotes
There’s just a lot more complexity to understanding increases in prices that consumers could eventually see,
Tariffs on lumber and other building materials increase the cost of construction and discourage new development, and consumers end up paying for the tariffs in the form of higher home prices,
Carl Harris, chairman of the association, said in a statement on Saturday Because of the combination of these three countries, it’s going to be difficult to go down an aisle of a grocery store and not see some sort of inflationary effect,
Jason Miller, a professor of supply chain management at Michigan State University, said Oil changes, mainly that'll be the first noticeable one, an average oil change on most vehicles is now anywhere between $50 to $80. It's probably going to end up over $100,
We tend to think a lot about merchandise goods as being automotive goods, furniture goods and these types of heavy equipment goods. But we should not forget that we also do a lot of trade on the agricultural front,
So that if any country chooses to retaliate in any way, the signal will be to take further action with respect to likely increased tariffs,
The administration is playing with fire,
said Joe Brusuelas, chief economist at RSM It’s not like everyone will mark up their shelves tomorrow, and then it’s done,
This may be the biggest own-goal yet,
Mary Lovely, senior fellow at the Peterson Institute for International Economics, told CNN in a phone interview The Dumbest Trade War in History.”
The Wall Street Journal went a step further, publishing a scathing op-ed on Saturday titled If tariffs drive inflation expectations higher, the Fed may feel pressured to keep rates restrictive for longer, tightening financial conditions and weighing on growth momentum,
Daco said in the new report Steep tariff increases against US trading partners could create a stagflationary shock—a negative economic hit combined with an inflationary impulse—while also triggering financial market volatility,
Daco wrote in a report on Friday To impose tariffs as high as 25% on our closest trading partners risks decimating the North American economic powerhouse—which the US relies on. Why would you want to burn your own house down
said Christine McDaniel, a former trade official in President George W. Bush’s administration who is now a senior research fellow at George Mason University’s Mercatus Center You put tariffs and you put workforce instability, it’s going to create major delays in projects. It’s going to create an increase in prices because of the lack of availability,
It will impact the patients,
Once that inventory starts to get low, we’re going to start feeling the effects,
Carillo said in a phone interview on Saturday, ahead of the announcement
