Quotes
Absent IEEPA, there would need to be some kind of agency action first before any trade remedy tariffs can be imposed … but everything seems to be on the fast track,
At the international level, there’s something like 5,000 different descriptions at the 6-digit (product subheading) level, so 5,000 times 186 nations. It’s almost an artificial intelligence project,
For example, if Colombia has a high tariff on coffee in order to protect its industry, we would put a high tariff on Colombian coffee to match theirs, even though we don’t grow coffee. The only people hurt would be U.S. consumers,
The US president agreed that an exemption was under consideration in the interests of both of our countries,
Albanese told reporters after the call The major companies in Australia are majority held by, the largest shareholder, is China,
We have a [trade] surplus to Australia, one of the few. And the reason is they buy a lot of airplanes. They are rather far away and need lots of airplanes,
The damage will extend beyond just the steel and aluminum sectors, impacting all businesses that rely on these materials throughout the supply chain,
Foreign customers are shifting their supply chains away from U.S. producers. Once removed, especially for smaller, family-owned businesses, it is difficult to regain that lost business,
We are the US’s closest ally. Our economies are integrated. Canadian steel and aluminum are used in a number of key US industries, whether it is defence, shipbuilding, manufacturing, energy, automotive,
Small businesses run on very small margins. And so a 25-percent increase in any product is going to hurt,
Sandra Payne, an owner of Denver Concrete Vibrator, which imports steel and other raw materials, told The Associated Press news agency We were being pummelled by both friend and foe alike,
Trump said as he signed the orders on Monday The reality is, though, our suppliers have international sources for aluminum steel. So that price will come through and it may be a speculative part in the market where price would come up because the tariffs are even rumored.”
Tariffs such as these do nothing to enhance the automotive industry directly,
Steel producers have to find ways to increase capacity, and aluminum and steel might be in short supply in the short term,
said Sam Fiorani, analyst at AutoForecast Solutions, which studies the industry We’re concerned about the downstream effects on consumer products like automobiles,
said Glenn Stevens Jr., executive director of MichAuto, a state auto industry association Industries like automotive have built their entire financial plan based on sourcing products where they can; locally, if it’s possible, globally, if it makes the most sense,
Trump may ask Korea to increase investments in the U.S. automotive and semiconductor industries, given his warning of imposing universal tariffs on those sectors,
an official from one of Korea's major steelmakers said Canada's Indo-Pacific strategy highlights the importance of deepening engagement with Korea and other key partners in the region,
Canadian Ambassador to Korea Tamara Mawhinney said Although there exist concerns about decline in steel exports to the U.S., opportunity factors also persist as Korea can compete with other major steel exporters under the same conditions,
Increasing and persistently high import volumes from countries exempted from the duties or subject to other alternative agreements like quotas and tariff-rate quotas have captured the benefit of U.S. demand at the domestic industry’s expense and transmitted harmful effects onto the domestic industry,
Trump said in the document
