Quotes
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,
Hufbauer told Xinhua
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
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 reportThe trade deficit is really a macroeconomic imbalance,
said Kimberly Clausing, a UCLA economist and former Treasury official
It's just a very, very chaotic environment,
said Stephen Lamar, president and CEO of the American Apparel & Footwear Association.jpg)
Our analyses suggest that the main impact will be on growth,
said European Central Bank Vice-President Luis de Guindos
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 ThursdayIt could be win-win,
said Christine McDaniel, a former U.S. trade official now at George Mason University's Mercatus CenterIt's hard to plan in any sort of long-term, sustainable way,
he said, quoted by APWe encourage the president to seek coordination and collaboration with our trading partners and bring stability to our supply chains and family budgets,
he addedIncreases in tariffs and quotas are a negative supply shock, especially if accompanied by retaliation. This vicious circle should be avoided,
he saidTrump is throwing that out the window ... Clearly this is ripping up trade. There are going to have to be adjustments all over the place,
he saidSince 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,
she saidTariff ambiguity still reigns, but markets are currently drawing some comfort from the news" of the delay
said National Australia Bank's head of currencies research and markets, Ray Attrill
This is every country, and essentially, when they treat us fairly, we treat them fairly,
Trump told reporters Thursday when signing proclamations ordering the reciprocal tariffs
The 'tariff storm' of Trump 2.0 era will have an adverse impact on the US and the world,
Chen Fengying, a research fellow at the Beijing-based China Institutes of Contemporary International Relations, told the Global Times
This challenges WTO free trade rules,
Li saidThis approach will be of comprehensive scope, examining non-reciprocal trade relationships with all US trading partners,
it saidSo far, it seems more like an invitation to negotiate,
said Mercatus Center senior research fellow Christine McDaniel
Despite the appearance of subsidizing exports and punishing imports, however, a border-adjusted VAT is trade neutral,
they said in a Wednesday report