Quotes
I'm very worried about the total indiscriminate tariffs on more than China — that it gives cover to firms to jack up prices,
Jen Harris, a former Biden White House official who is now director of the Economy and Society Initiative at the William and Flora Hewlett Foundation, told the Associated Press I want to make sure this transition goes smoothly,
he said, underscoring the need for cooperation between the incoming administration and Congress In our conversation with President Trump, I explained to him the comprehensive strategy that Mexico has followed to address the migration phenomenon, respecting human rights, ... We reiterate that Mexico's position is not to close borders but instead build bridges between government and people."
I hope he rethinks it, and I think it's a counterproductive thing to do,
Biden said, responding to a reporter's question about his reaction to Trump's announcement The last thing we need to do is begin to screw up those relationships,
Our focus: Canadian jobs, securing the border, and building on our strong partnership with the United States,
The lack of a clear link between this threat and questions related to trade suggests the new president plans to use tariffs as a negotiating strategy to achieve goals largely unrelated to trade,
said David Kohl, chief economist at Julius Baer It's a shot in the foot,
Ebrard said of Trump's proposed tariffs, which appear to violate the USMCA trade deal between Mexico, Canada and the U.S Our estimate is that the average price of these vehicles will increase by $3,000,
The impact on companies is huge,
What would happen is, the U.S. would put on tariffs, and then China would put on tariffs in a bunch of places really important to Republican constituencies,
If the Chinese are suffering 60% tariffs across the board, the likelihood of their wanting to cooperate in other realms of the relationship goes down dramatically,
We hope the U.S. side will also have no intention to contain or suppress China,
Xie said, ... according to the embassy’s transcript There’s a lot of hope here that he can be a bridge and help keep things calm, ... I don’t know if that is more wishful thinking than clear analysis.”
Such tariffs will, in the end, boomerang on the US in the form of higher inflation and rising interest rates,
said Bernard Baumohl, chief global economist for the Economic Outlook Group What happens in the US has a big impact on us, and something like this would clearly have an impact on both economies,
Deputy Governor Rhys Mendes said at an event in Charlottetown, Prince Edward Island If implemented, this would spell disaster for the US auto industry and Detroit's Big Three manufacturers, all of whom import significant numbers of vehicles from Canada and Mexico, as well as Volkswagen and other European OEMs (original equipment manufacturers),
Bernstein analyst Daniel Roeska said in a note While it’s generally understood that a blanket 25 percent tariff on any vehicles or content from Mexico or Canada could be disruptive, investors under-appreciate how disruptive this could be,
they wrote in a note on Tuesday Around 400,000 jobs will be lost
he said, citing a study based on figures from US carmakers that manufacture in Mexico Dear President-elect Donald Trump, I am writing to you regarding your statement on Monday, November 25, concerning migration, fentanyl trafficking, and tariffs,
