Quotes
I think this is the biggest policy mistake in 95 years,
Wharton School professor Jeremy Siegel said Friday on CNBC
ONLY THE WEAK WILL FAIL!"
Trump proclaimed Friday afternoon on Truth SocialIn short, the formula provides rough justice at best, blunt force at worst,
the center said in an analysis
I have great respect for President Xi [Jinping] of China, great respect for China, but they were taking tremendous advantage of us,
Mr Trump said in his White House Rose Garden announcement
A lot of the issues that the administration highlighted, that they’re concerned about, are not really with tariff rates,
Sarah Bianchi, chief strategist of international political affairs and public policy at Evercore ISI, said Thursday during a panel discussion hosted by the Brookings Institution
When I go to the store and buy groceries with cash, I run a trade deficit with my grocery store, but does that mean that I’m worse off? Obviously not,
John Dove, an economics professor at Troy University, told CNNThere does not appear to have been any tariffs used in the calculation of the rate,
said Mike O’Rourke, chief marketing strategist at Jones Trading, in a note to investors WednesdayThe more concerning issue is that these large across-the-board tariffs incentivize our trading partners to retaliate against us,
Dove saidThey charge us, we charge them.”
Trump has frequently saidIf you look at the formula the White House put forward for how they established the new tariff levels, they had nothing to do with non-tariff barriers, ... It looked to me as if it was an ad hoc effort of punishing countries because they had large trade balances with the United States.”
he said, addingBut I have been interested to see how there is still lots of resistance to the idea of China as a reliable partner,
said Beddor
It’s important to realise that the rest of the G7, except the US, collectively are the same size as the United States. And I would have thought a very sensible thing to be doing is having a serious conversation with the other members about actually lowering trade barriers between ourselves,
he saidChinese exports into the US are about 2% of its overall economic output, and so Beijing will think that is manageable,
Beddor saidIt is a much bigger problem when Trump’s tariffs create a global downturn. That is a different order of magnitude,
Beddor saidAre we supposed to knit our own knickers?”
she asked an audience at the Brookings Institution in the US capitalThe overriding theme is the battle for supremacy between China and the US for global trade dominance,
he saidApril 2, 2025 will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed, and the day that we began to make America wealthy again.”
In announcing his huge new tariffs last Thursday, Trump proclaimedFor us, we want the two countries to be friends, not enemies,
he said
For us, the manufacturing profit is very low, so we cannot absorb so much,
Ma told NBC News last week at his factory in the southern Chinese manufacturing hub of GuangzhouBut I would say that things are not looking very good,
Xu, who is based in Beijing, told NBC News in an interview Thursday