Quotes
We may see some improvements of the price of steel coming this way, and that’s good for construction and manufacturing in Australia, which we know is under pressure,
Buchanan said
It is in Australia and the United States’ interests for us to have free and fair trade between our two countries,
the prime minister saidSteel is not a big issue in detached houses, but steel is a significant cost to apartment buildings,
he saidIt’s not necessarily the percentage of the tariff or where it will be applied that is the biggest concern for Australian farmers, it’s the complete lack of clarity on how these things may impact you,
McRobert said
The bad surprise could [be] more or less overnight where those who have products on a cargo ship or on a plane and you basically figure out on the way that you have to pay a duty,
Vogel saidWe know that the US has a trade surplus with Australia. We have zero tariffs of any US goods into Australia, and Australian steel is making a positive difference to the US economy by putting roofs on houses,
he said while visiting BlueScope steelThe people who are going to be hit first are those standing in line at Walmart or Costco as their prices go up,
she saidThere is a deal, I’m sure, to be done with the United States and there is a lot Australia has to offer, but it’s wrong that these tariffs are in place,
he saidEnding tariffs certainly killed manufacturing here, and we’ve relied on mining and agriculture while manufacturing advances are where you get real productivity improvements,
he saidIt’s probably jumping the gun a bit assuming there will be big disruptions in terms of tariff, it’s really hard to tell what’s going to happen,
he saidLabeling them as trade barriers could justify unnecessary tariff hikes, raising costs all while inflation persists here—the very problem Trump claims to be addressing,
Jirari said
Our studies should be all complete by April 1st. So, we'll hand the president the opportunity to start on April 2nd if he wants,
Lutnick saidThese new tariffs will likely increase costs for American consumers and businesses by making imported goods more expensive. History shows that tariffs often lead to higher production costs, slower economic growth, and reduced global competitiveness for U.S. exporters. The White House claims tariff revenue will help offset deficits, but in reality, it's a tax that American businesses and consumers will ultimately pay."
Tahra Jirari, director of economic analysis at the Chamber of Progress, an American trade group, told NewsweekI have decided for purposes of fairness that I will charge a reciprocal tariff, meaning whatever countries charge the United States of America we will charge them. No more, no less,
Trump announced from the Oval Office on Thursday
For many years, the U.S. has been treated unfairly by other Countries, both friend and foe. This System will immediately bring Fairness and Prosperity back into the previously complex and unfair System of Trade. America has helped many Countries throughout the years, at great financial cost. It is now time that these Countries remember this, and treat us fairly – A LEVEL PLAYING FIELD FOR AMERICAN WORKERS."
President Donald Trump wrote on Truth Social on ThursdayIn almost all cases, they're charging us vastly more than we charge them. But those days are over,
he saidWhile it may seem like a compelling political argument to justify across-the-board tariffs on the EU, it instead reflects a complete misunderstanding of what a VAT is and how it works,
says an analysis from the Tax Foundation, a research think tank based in Washington, D.C.The Trump administration appears to be moving in a 'reciprocal' policy direction despite the significant negative economic consequences for American consumers of across-the-board tariffs on goods coming into the U.S."
The Tax Foundation, a research think tank based in Washington, D.C, in an analysis reportThis should have been done years ago,
Trump said in the Oval OfficeNeither is a subsidy. These are simply consumption taxes falling on the consumer,
the report reads