Quotes
The market is bleeding and more pain is clearly coming as this escalating trade war risks pushing the US economy into a recession,
Luca Paolini, chief strategist at Pictet Asset Management said over the phone
How bad will it get for the economy? With so much uncertainty swirling, stocks are selling off and that’s signaling that investors see both economic and profit growth slowing because of the trade war,
said Adam Sarhan, founder of 50 Park InvestmentsWithout a doubt, where we’re sitting here it is under review and has been under review for awhile,
John Stoltzfus said on Bloomberg Television FridayA good jobs report won’t be enough to quell recession fears because it’s backward-looking and won’t full give insight into how hard the economy will take a hit from the trade war,
said Scott Ladner, chief investment officer at Horizon InvestmentsIt's revolutionary, in the original sense of the term: he is ready to impose a very high immediate cost in the name of a long-term ideal [reducing the trade deficit and reindustrializing the US],
said Gilles Moëc, chief economist at AXA
We are proactively reaching out to clients to assess [risk] across their entire portfolios.
While, another prime brokerage executive noted
Even if it's made in the USA, they will jack up the price and blame it on tariffs,
Cuban said in the post
While tariffs are highly likely to generate at least a temporary rise in inflation, it's also possible the effects will be more persistent,
Powell told the audience at the Society for Advancing Business Editing and Writing conference in Washington
Tariffs are a tax on consumers, and I'm not a fan of jacking up taxes on American consumers,
Senator Ted Cruz of Texas told Fox BusinessTo the many investors coming into the United States and investing massive amounts of money, my policies will never change. This is a great time to get rich—richer than ever before!!!”
In a post on his own social media platform Truth Social, Trump wrote ... in all caps
We’re testing to see if the Russians are interested in peace,
Marco Rubio told journalists in Brussels after talks with Nato allies
We continue to see evidence that an already gradually weakening labor market is ill-positioned to withstand new shocks from elevated uncertainty, increased tariff costs, cuts to government spending and employment, and weakening business and consumer sentiment,
said Veronica Clark, an economist at Citigroup
We've essentially got an escalating trade war,
said Jack Ablin of Cresset Capital
Another jolt of fear has shot through markets as China's threat of retaliation has materialized,
said Susannah Streeter, head of money and markets at Hargreaves LansdownWe are well positioned to wait for greater clarity before considering any adjustments to our policy stance,
said PowellSentiment is so fragile right now,
Chris Beauchamp, chief market analyst at online trading platform IG, told AFPThe big concern is that this is a sign of a sharp escalation of the tariff war which will have major implications for the global economy,
she saidInvestors are firmly in the 'get me to cash now' phase, on fears that other nations will follow China's lead, and of course that the US president will respond to China's tariffs with even more charges,
he saidChina played it wrong, they panicked – the one thing they cannot afford to do.
Writing on his Truth Social platform, Mr Trump insisted.jpg)
Just to be able to hear it gives you a connection to Robert Burns,
said the violinist Duncan Chisholm, who will play it