Quotes
With a universal tariff of 25 percent, it is estimated that exports could fall by around 12 percent. With this, Mexico's GDP could fall by 4 percent in 2025, if the tariff is maintained all year round,
Siller said
The government of Mexico has afforded safe havens for the cartels to engage in the manufacturing and transportation of illicit drugs, which collectively have led to the overdose deaths of hundreds of thousands of American victims,
the order alleged
Without this massive subsidy, Canada ceases to exist as a viable Country. Harsh but true! Therefore, Canada should become our Cherished 51st State. Much lower taxes, and far better military protection for the people of Canada — AND NO TARIFFS!”
Trump said
With only two days before implementation, the tariffs look likely to take effect, though a last-minute compromise cannot be completely ruled out,
Goldman Sachs economists said in a note Sunday
The USA has major deficits with Canada, Mexico, and China (and almost all countries!), owes 36 Trillion Dollars, and we’re not going to be the 'Stupid Country' any longer,
the Republican president wrote
Who will suffer most? American consumers - who will face skyrocketing prices on everything from groceries to gas to cars,
U.S. Representative Josh Gottheimer wrote on social mediaWE ARE A COUNTRY THAT IS NOW BEING RUN WITH COMMON SENSE — AND THE RESULTS WILL BE SPECTACULAR!!!
his post concluded
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We have repeatedly stated our position on this matter. China-U.S. economic and trade cooperation is mutually beneficial and win-win. Differences and frictions should be resolved through dialogue and consultation. Trade wars and tariff wars have no winners, do not serve the interests of any party, and are not beneficial to the world."
Chinese Foreign Ministry spokesperson Mao Ning said during a press conference on FridayEven very high tariffs could only replace a minority of the revenue raised by income taxation, and such high tariffs would cripple the economy."
Kimberly Clausing, an economist and a professor at the UCLA School of Law, previously told NewsweekWe tend to think a lot about merchandise goods as being automotive goods, furniture goods and these types of heavy equipment goods. But we should not forget that we also do a lot of trade on the agricultural front,
Daco said
Oil changes, mainly that'll be the first noticeable one, an average oil change on most vehicles is now anywhere between $50 to $80. It's probably going to end up over $100,
Scaglione saidSo that if any country chooses to retaliate in any way, the signal will be to take further action with respect to likely increased tariffs,
the White House saidThe imposition of tariffs at each stage of fabrication would be disastrous,
the PIIE said
The intellectual basis for the kind of advocacy of tariffs comes from arguments on the US side about large US deficits in manufactured goods, which obviously the US has with China and with the EU. We don’t have that between the US and the UK,
he told reportersMost of the stuff that's coming from China is sort of sourced from China or from elsewhere in Asia. However, with Canada and Mexico, we are going to experience that we are also actually [indirectly] tariffing Americans,
Tintelnot says
We are getting vehicles from both Canada and Mexico, and then several of our food items in the grocery store are overwhelmingly sourced from Mexico,
Tintelnot saidImposing Duties to Address the Flow of Illicit Drugs Across Our Northern Border.”
Trump signed an Executive Order titledA bilateral trade deficit is a terrible metric to focus on, because it's completely natural that bilateral trade deficits exist,
Tintelnot saysChina makes the fentanyl, gives it to Mexico, puts it through Canada, puts it through different places, mostly Mexico, but also a lot through Canada,
Trump claimed while speaking from the Oval Office on FridayGenerally, it will make it more costly to import goods,
says Felix Tintelnot, associate professor of economics at Duke University