Quotes
I was given no rationale for this decision, which, as you might imagine, has come as a shock,
FBI agent writes in email to colleagues
Widespread use of import tariffs could lead to stronger US inflation, placing further pressure on an already fragile US consumer, especially at the low-income end,
Sarwat said
Tariffs brew trouble for alcohol,
Callen said in a Monday noteFord and General Motors produce 15-20% and 30-35% of their total vehicles in Canada and Mexico respectively,
he wrote in a Friday noteWhen I'm talking to senior auto executives, they're very concerned about what tariffs might do to their prices or to their profit margins,
he saidAll you have to do is build your plant in the United States, and you don’t have tariffs,
Trump said, a few weeks before the election
No … this is the threat of a negotiation.”
After Trump announced details of the latest tariffs, Bryan Lanza, a senior adviser on his 2024 presidential campaign, told BBC Radio 4’s Today programmeAnd in the other two cases, ... they're making it possible for this poison to get in."
he continued, seemingly referring to Canada and Mexico
No, we're not looking for a concession. We'll just see what happens,
he remarkedIn one case, ... they're sending massive amounts of fentanyl, killing hundreds of thousands of people a year with it."
Trump said, seemingly referring to China
I am concerned these new tariffs will further drive up costs for American consumers."
Democrat lawmakers criticized Trump's plans with Senate Minority Leader Chuck Schumer saying Friday
We should be focused on going hard against competitors who rig the game, like China, rather than attacking our allies,
Schumer said in a statementWe have a plan A, plan B, plan C for whatever the U.S. government decides,
she said, without giving detailsRising trade policy uncertainty will heighten financial market volatility and strain the private sector, despite the administration's pro-business rhetoric,
he saidBut it's a lot of money coming to the United States."
He also
If we are your biggest trading partner, show us the respect. Shut your border and end fentanyl coming into this country. So it is not a tariff per se; it is an action of domestic policy,
Lutnick said
There could be some temporary, short-term disruption, and people will understand that,
Trump said Friday when pressed by reporters on the cost of tariffs being passed on to importers, and, by extension, consumersNo, that would not be acceptable to me,
Trump told reportersIt's not what we want, but if he moves forward, we will also act."
On Friday, Canadian Prime Minister Justin Trudeau said
I'm probably going to reduce the tariff a little bit on that. We think we're going to bring it down to 10 percent for the oil."
When asked on Friday if the Feb 1 tariffs would apply to Canadian oil, Trump said