Quotes
I make no judgments about whether the Trump administration's worldview is good or bad; or even right or wrong,
he said
International trade is critically important to our business and industry,
said Best Buy CEO Corie Barry
The markets are having a tough time even setting expectations for what this trade war could look like,
said Ross Mayfield, investment strategy analyst at BairdThe longer the tariffs last or are in effect, the longer that this market will decline,
Sam Stovall of CFRA Research said
The US administration is continuing to cause even more global upheaval and overnight by far the broadest set of tariffs yet has come into effect,
said Deutsche Bank analyst Jim ReidThe headlines surrounding an impending global trade war have become too loud to ignore on the once-booming trading floor of Frankfurt,
noted Konstantin Oldenburger, analyst at CMC MarketsWe have negotiators who are playing hardball, we will play hardball but ... we need to reach a balanced deal to protect our economies,
Lombard saidThese tariffs threaten deeply integrated supply chains, investment flows, and economic stability across the Atlantic,
said EU trade spokesman Olof GillGiven this escalation, we enter another period of uncertainty since there does not appear to be a pathway to negotiation based upon Trump's comments,
the bank's traders wrote in a note TuesdayUntil today, we've had it being a tech sell-off for the most part,
she saidDefense remains the best offense,
senior managing director Julian Emanuel wrote in a Monday note to clientsA general reorientation away from the U.S. will take place now no matter what. EU will try getting Mercosur completed and perhaps on getting free trade deals in the future with Canada and Mexico."
Klaus Adam, Professor of Economics at University College London told Newsweek
What they have to do is build their car plants, frankly, and other things in the United States, in which case they have no tariffs."
Trump in his speech yesterday saidI see no chance of U.S. manufacturing benefiting. Short-term there will be enormous costs from relocation & supply chain interruptions. In the long-term, tariffs reduce competitive pressure, which is generally not a recipe for success (except perhaps for infant industries).
Klaus Adam, Professor of Economics at University College London told Newsweek
United States [needs] to do its job in the U.S., to make the arrests that need to be made in order to halt the trafficking of drugs in its own country."
Mexican President Claudia Sheinbaum_(cropped).jpg)
Because of the tariffs imposed by the U.S, Americans will pay more for groceries, gas, and cars, and potentially lose thousands of jobs. Tariffs will disrupt an incredibly successful trading relationship. They will violate the very trade agreement that was negotiated by President Trump in his last term."
Canadian PM Justin TrudeauPresident Donald J. Trump is proceeding with implementing tariffs on Canada and Mexico under the International Emergency Economic Powers Act (IEEPA) to combat the extraordinary threat to U.S. national security, including our public health posed by unchecked drug trafficking … President Trump continues to demonstrate his commitment to ensuring U.S. trade policy serves the national interest."
The White HouseJust so you understand, vast amounts of fentanyl have poured into our country from Mexico, and as you know also from China ... it comes in from Canada, and it comes in from Mexico, and that's a very important thing to say,
Trump continued
There is no motive or reason, nor justification that supports this decision that will affect our people and our nations,
Mexico’s President Claudia Sheinbaum said Tuesday, the Associated Press first reportedOur tariffs will remain in place until the U.S. trade action is withdrawn, and should U.S. tariffs not cease, we are in active and ongoing discussions with provinces and territories to pursue several non-tariff measures,
he said