Quotes
There are three reasons why we think the 25% tariffs may not be permanent. First, they would be disruptive for the US, and US business groups are already exerting pressure on the Trump administration. Second, they will be hard to implement due to the high degree of integration in manufacturing in North America. Lastly, we think Canada and Mexico are likely to agree to most of Trump's terms on migration and drugs,
Bank of America global economist Claudio Irigoyen said in a note to clients Monday Our economists expect that fully implemented tariffs would have meaningful consequences. A recession in Mexico becomes the base case. US Inflation could be 0.3 to 0.6pp higher vs baseline over the next 3-4 months (putting headline PCE inflation at 2.9% to 3.2%) and US growth could be -0.7 to -1.1pp lower vs baseline over the next 3-4 quarters (putting real GDP growth at 1.2% to 1.6%),
Morgan Stanley strategist Michael Zezas said in a note to clients Sunday While this is a clear warning against retaliation, it has no automatic effect,
I actually checked with him a few times. Said 'Are you sure?' Yes, so we're shutting it down,
The global trade environment has been plunged into uncertainty. We will just have to wait and see what actions are taken by Mr. Trump vis a vis India,
pointed out trade expert Srivastava There is scope for India to buy more weapons from the U.S. of which fighter jets could be a component,
according to defense analyst Rahul Bedi We don't want to give anybody any signal that we would like to be protectionist,
Finance Secretary Tuhin Kanta Pandey told Reuters after the cut in duties was announced during India’s annual budget presentation on Saturday Lowering some tariffs is the symbolic approach. We have made some gestures but nowhere near what would satisfy Trump,
according to Manoj Joshi, distinguished fellow at the Observer Research Foundation in New Delhi These latest reductions in tariffs signal a policy shift that could enhance U.S. exports in sectors such as automobiles, technology and some components for the space sector,
according to Ajay Srivastava, founder of Global Trade Research Initiative, a think tank based in Delhi On tariffs, I think the U.S. will put more pressure — after all, if Trump did not carve out exceptions for allies like Canada, why will he do it with India,
Mexico does not want confrontation,
This is for all the ladies that know the magic that they bring to the room,
Any infrastructure upgrades would not happen overnight,
If Canada is going to rely on America for its economic growth, how about you treat our farmers, our ranchers and our fishermen with respect?”
We're still a small player when compared to the might of the US economy. And so what we have to do is look at where we have critical leverage, where we have essential goods that they are very reliant on,
I think it is a mistake to think that Trump 2.0 is going to be as benign for Asia. I suspect that after (the US) starts imposing these tariffs against Canada, Mexico, China, and moves on to the EU, it will become much harder for firms across Asia to use inputs from China, and potentially Canada and Mexico to export to the US,
It also is a powerful signal to the rest of the world that the US is prepared to do extraordinarily unusual things in order to, as Trump says, make America great again,
said Elms, head of trade policy at philanthropic organisation Hinrich Foundation At the end of the day, it requires the parties to want it to work. It's not clear that the US under Donald Trump wants USMCA to work,
said trade and economic policy expert Deborah Elms It will hurt us, it will also hurt them. They're going to feel it very quickly. It will affect the affordability of everyday goods,
Seeing an all-out tariff on all goods and trade with Canada, that is quite profound, quite disturbing, and it will impact businesses,
