Quotes
I am going to put tariffs on other countries coming into our country, and that has nothing to do with taxes to us. That is a tax on another country,
Trump said in an August speech People generally don’t understand how dependent the global economy is for those kinds of intermediate goods, raw materials, that we sort of take for granted,
Willy Shih, an economist at Harvard Business School, told PackagingDive.com Total impact to #gasprices in these areas could be 25-75c/gal, dependent on season and refining factors as well if tariffs go through,
Given the wide-ranging negative implications for industrial production in the U.S., we expect this is unlikely to happen in practice,
the Bernstein analysts said There is probably not a single assembly plant in Michigan, Ohio, Illinois and Texas that would not immediately be affected by a 25 percent tariff.”
Patrick Anderson, chief executive of Anderson Economic Group, a consulting firm in Michigan, told the New York Times They need to understand where their exposures are,
Tariffs will certainly create benefits for protected industries, but those benefits come at the expense of consumers and other industries throughout the economy,
Tariffs are also a useful tool for achieving the president's foreign policy objectives. Whether it is getting allies to spend more on their own defense, opening foreign markets to U.S. exports, securing cooperation on ending illegal immigration and interdicting fentanyl trafficking, or deterring military aggression, tariffs can play a central role."
In a Fox News op-ed published on November 15, Bessent wrote The damage is magnified if other countries retaliate with higher tariffs on their imports from the United States,
President-elect Trump may want to impose tariffs to encourage investment and work, but his strategy will backfire,
Erica York, a senior economist and research director with Tax Foundation's Center for Federal Tax Policy, wrote in an article earlier this month A tariff is basically a sales tax, raising the price of almost everything you buy,
said Robert Reich, a secretary of labor under Bill Clinton We import a lot of energy from Canada. I can't imagine that the president would want to tax that, because all it would do would be to raise our costs and not help anything with more American jobs,
Investors should prepare for immediate volatility in sectors such as automotive, technology, and agriculture — industries deeply intertwined with trade agreements and foreign markets,
Nigel Green, CEO of deVere Group, said in a Tuesday note Stiff new tariffs on imports from the US's three largest trading partners would significantly increase costs and disrupt business across all economies involved. Even the threat of tariffs can have a chilling effect."
Speaking to the Financial Times, Erica York, a senior economist at Washington D.C. based think tank the Tax Foundation, said Tariffs look great at a campaign rally, but not in the grocery store in the dealer showroom,
said John Gerzema, CEO of Harris Poll When you’re running for office, you make broad statements so people understand you. Tariffs are an amazing tool for the president to use,
To me, the most beautiful word in the dictionary is ‘tariff.’ And it’s my favorite,
Trump said at the Chicago Economic Club in October Higher #gasprices are coming, primarily for the Great Lakes states, Midwest and Rockies, if @realDonaldTrump does as he says he will and put tariffs on Canadian oil supplies coming into the U.S,
We import $105B in cement/lime/minerals and $28B in lumber/paper from Canada. We also *already* tariff that lumber to death,
In his first term, President Trump instituted tariffs against China that created jobs, spurred investment, and resulted in no inflation,
transition team spokesperson Karoline Leavitt said in a statement to ABC last week
