Quotes
The market is realizing that there is pretty much no way to spin this as a positive,
Steve Sosnick, chief strategist at Interactive Brokers, told the outlet
For the small investor, the decline in value will be devastating, particularly for retired baby boomers,
Peter Ricchiuti, a professor at Tulane University's Freeman School of Business, told Business Insider
THE OPERATION IS OVER! THE PATIENT LIVED, AND IS HEALING,
Trump wrote on TRUTH Social
To make it a little bit more crystal clear, we borrow money from Chinese peasants to buy the things those Chinese peasants manufacture,
Vance said.jpg)
We have a $1.2 trillion trade deficit and counting. We've had 90,000 factories close in the last couple of decades,
Leavitt told CNNThey charge us ridiculous tariffs. They engage in a lot of non-tariff practices like currency manipulation,
Vance saidThey have ripped off American workers. They have taken our jobs overseas,
Leavitt saidThat means all that construction work begins now,
Lutnick said, vowing that the president's planFor the first time in your lives, you're going to actually think about the Americans who make the products, the Americans who produce these products and work in these factories,
he saidWe see 5,300 as the near-term target for the S&P 500, but if tariff uncertainty persists or negotiations with trading partners don’t go well, risks of downside through 5,000 become real,
UBS Group AG’s Bhanu Baweja wrote in a note to clients
This impact alone could take the economy perilously close to slipping into recession,
Feroli wroteThere’s really not anybody getting spared in absolute terms,
said Garrett Melson, a portfolio strategist at Natixis Investment Managers SolutionsClearly what was announced was close to the worst-case scenario and markets were not prepared for that and are reacting accordingly,
Angelo Kourkafas, senior investment strategist at Edward Jones, told AFP
I think if you buy companies like that, they're already incorporating pretty negative expectations, and it would be unlikely that, if you buy today and hold that for a longer period, that you don't come out reasonably well,
Nygren said
It's a tax increase. Those are inflationary. Those are anti-growth, as any other tax increase would be,
Nygren saidI grew up in a family that often did live paycheck to paycheck, and we know a lot of Americans are worried, so we are fighting very hard to bring prices down,
Vance said in an interview on Fox and Friends
To anyone on Wall Street this morning, I would say trust in President Trump,
Leavitt said during a press briefingTrump just threw a match on an explosive tinder pile of already weakened inflation concerns,
said former US Treasury economist David Beckworth, as reported by NBC.jpg)
Japan is a country that is making the largest amount of investment to the United States, so we wonder if it makes sense for [Washington] to apply uniform tariffs to all countries.”
Meanwhile Japan’s Prime Minister Shigeru Ishiba said
As the situation is very grave with the approach of the reality of a global tariff war, the government must pour out all of its capabilities at its disposal to overcome this trade crisis.”
The president added