Quotes
We expect US imports from the rest of the world fall more than 20% over our forecast horizon, mostly in the next several quarters, bringing imports as a share of GDP back to pre-1986 levels,
UBS chief US economist Jonathan Pingle said in a note
The forcefulness of the trade policy action implies substantial macroeconomic adjustment for a $30 trillion economy,
the note addedDisruptive U.S. policies have been recognized as the biggest risk to the global outlook all year,
JPMorgan said in a client note
We now see deeper estimate cuts likely,
the brokerage said in a note, as per TheFly
Businesses around the world, including in trade and global trade, they just need to know what the rules are,
Rubio said from a NATO meeting in Brussels on Friday
He is always ‘late,’ but he could now change his image, and quickly,
Trump wrote on Truth SocialTO THE MANY INVESTORS COMING INTO THE UNITED STATES AND INVESTING MASSIVE AMOUNTS OF MONEY, MY POLICIES WILL NEVER CHANGE,
he addedI think it's going very well,
Trump said of the stock market ThursdayThe risk of recession in the global economy this year is raised to 60%, up from 40%,
JPMorgan Chief Economist Bruce Kasman said Thursday in a note to clients, calling the tariffs the largest tax hike on US households and businesses since 1968
We are not making immediate changes to our forecasts and want to see the initial implementation and negotiation process that takes hold,
Kasman said in the noteThe current positioning of the US and global expansion points to limited vulnerability that might suggest a relatively mild downturn. But recessions are inherently unpredictable,
Kasman said
These policies, if sustained, would likely push the US and possibly global economy into recession this year,
wrote head of global economic research Bruce Kasman in a note late ThursdayScenario where rest of world muddles through a US recession possible but less likely than global downturn,
the note saidThis is the case, for example, of Ireland and Switzerland in Europe and the Tiger economies in Asia-Pacific,
S&P said
We still don't see a NBER-defined recession (depth, duration, and broad dispersion of weakness, not just two consecutive quarters of negative growth) in the next 12 months,
its analysts said in a reportThese potential countermeasures would put further downside pressures on growth,
S&P saidThe first reaction has been concerns about growth. We haven't had two other reactions yet: what will happen to growth in other countries, and that makes a question mark on whether the dollar weakness will continue, and then what does the [Federal Reserve] do?"
he questionedYou've had a major repricing of growth prospects, with a recession in the U.S. going up to 50% probability, you've seen an increase in inflation expectations, up to 3.5%,
he told CNBC's Silvia Amaro on the sidelines of the Ambrosetti Forum in Cernobbio, ItalyI think if we're lucky we'll get one rate cut, not four, and it wouldn't surprise me if we get none,
El-Erian addedThe effect of this tax hike is likely to be magnified through retaliation, a slide in US business sentiment, and supply chain disruptions,
Kasman said