Trump's metal tariffs spark global scramble for answers

This is what we're dealing with right now,

Farley said Tuesday during a Wolfe Research investment conference

The literature on this [tariffs] is abundantly clear,

Abigail Hall Blanco, an associate professor of economics at the University of Tampa in Florida, told DW

US domestic producers had to reduce employment because they couldn't produce [enough] cars [due to a lack of imported steel.] That was one of the things that incentivized [then-] President George W. Bush to start removing steel tariffs,

Crowley said

He's thinking about industry-by-industry deals ... making it look like he's cracked open a market by getting the European Union to cut tariffs,

she told DW

If you're someone who's just struggling to pay for the not-very-good car you have right now, it's a much heavier burden. If the price of an auto goes up by $1,000, your family just won't be able to buy one,

Crowley told DW

In 2018, there were deals made with Argentina, Brazil and Australia. So, there is still room for negotiation ... there will be exemptions for some countries for sure,

Inga Feschner, senior economist for Germany and global trade at Dutch bank ING, told DW

Donald Trumppresident

Essentially, we’re putting on a 25pc tariff, without exception, on all aluminum and all steel, and it’s going to mean a lot of businesses are going to be opening in the United States.”

Mr Trump said

It will obligate other countries to respond. So we're going to see deterioration, and I think worst of all, from Mr. Trump's point of view, is we're going to see a little bit of inflationary pressure as well,

Lavin said

If they charge us, we charge them. If they're at 25 [percent] we're at 25, if they're at 10 we're at 10, And if they're much higher than 25, than that's where we are at too,

Trump said Monday

Trump was angry at the U.S. Fed last time when there was no easing. Well, there's not going to be any easing next time either, if he keeps these tariffs in place,

he said

But when you're talking about a global tariff on steel and aluminum and a tariff on China, you're not going to see a quick response and a quick resolution of these matters,

he said

Steve Bannonformer adviser

The real opposition is the media. And the way to deal with them is to flood the zone with s***",

His former adviser Steve Bannon famously explained the Spray-Tan Sultan's strategy ... he wrote

Trump is as likely to go ahead with these trade tariffs as he is to officiate a gay marriage at the Mexican border,

he wrote in his column

For the record, I think Trump's tariffs are like setting your house on fire to keep burglars out – they'll cause higher prices, mass job losses, and very likely a recession,

Pape wrote in his latest column

What is the use of WTO membership when one of the biggest countries in the world can threaten tariffs for national security reasons in such an aggressive way?"

she asked, referring to the World Trade Organization

This is really damaging the United States' reputation, and I think that's something we need to be concerned about in the long term,

she said

It's not a tariff per se, it is an action of domestic policy,

Trump's commerce secretary nominee Howard Lutnick told lawmakers at his confirmation hearing last month

I don't think anyone should be surprised about these tariffs or tariff threats,

said Christine McDaniel, a senior research fellow at the Mercatus Center

It's definitely upsetting the applecart in terms of how we've been thinking about the role of international trade institutions, international trade rules and trade agreements,

she said

The US President agreed that an exemption was under consideration in the interests of both of our countries,

Albanese said