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Pound soars to 4-month high against US dollar as Donald Trump's trade tariffs backfire

Quotes

    • 88:88
      We’ve gone through this before with the Russian invasion of Ukraine,
      CNN
      Lamb said
    • 88:88
      We essentially are not competitive in the US anymore, so our business model in the US is gone,
      CNN
      Walji said in an interview
    • 88:88
      We’ve been together for a long time,
      CNN
      Lamb said
    • 88:88
      There are a lot of people that are passionate,
      CNN
      Lamb said
    • 88:88
      He wants the US to flex their muscle,
      CNN
      said Walji, a partner in AI Industries, a steel fabricating plant in western Canada
    • 88:88
      We’ve got to find other markets, otherwise they lose their jobs,
      CNN
      Walji said of his 100 workers
    • 88:88
      If you watch for eight hours, you’ll see on average we’ve got 10 ships arriving and 10 ships leaving,
      CNN
      said Peter Xotta, the CEO of the Port of Vancouver
    • 88:88
      It’s been a wakeup call for Canadians that we need to figure out a way to be not as dependent,
      CNN
      he said
    • 88:88
      The economic activity here is very dependent on north-south trade,
      CNN
      he said
    • 88:88
      In the past a lot of the restrictions were focusing on Made in China, and increasingly it is focused on Made by China
      Reuters
      says Gary Ng, senior economist at Natixis
    • 88:88
      All the stuff he's doing is so that we can put more resources" to counter China
      Newsmax
      an administration official told the Journal
    • 88:88
      Michael Pillsbury
      They are kind of desperate,
      Newsmax
      said Michael Pillsbury, a China expert at the Heritage Foundation, the Journal reported
    • 88:88
      Now China is in danger of becoming the target of a similar rivalry,
      Newsmax
      a source told the Journal
    • 88:88
      But what he's thinking about is which sections of the market that can maybe, maybe, he'll consider giving them relief until we get to, of course, April 2,
      Deutsche Welle
      Lutnick said
    • 88:88
      Dominic LeBlanc
      We're not interested in meeting in the middle and having some reduced tariff. Canada wants the tariffs removed,
      Deutsche Welle
      Canadian Finance Minister Dominic LeBlanc told the Canadian national broadcaster
    • 88:88
      I told him that many people have died from Fentanyl that came through the Borders of Canada and Mexico, and nothing has convinced me that it has stopped,
      Deutsche Welle
      Trump wrote
    • 88:88
      Warren Buffett
      Tariffs are actually — we've had a lot of experience with them — they're an act of war, to some degree,
      International Business Times
      Buffett said in an interview with CBS News
    • 88:88
      The territory to the immediate south of our border is now dominated entirely by criminal cartels that murder, rape, torture and exercise total control,
      Deutsche Welle
      he told Congress
    • 88:88
      Lin Jian
      The fentanyl issue is a flimsy excuse to raise U.S. tariffs on Chinese imports. China has made clear its opposition more than once,
      Newsweek
      Chinese Foreign Ministry spokesperson Lin Jian told reporters Tuesday, responding to the tariff hike
    • 88:88
      The world is long U.S. assets to a degree it has never been before and if they get scared of being on those assets, that will be the single biggest driver of dollar weakness going forward,
      Reuters
      said Kit Juckes, head of FX strategy, at Societe Generale