Quotes
If we continue to go down this road, that can be very detrimental to the U.S. consumer because it is the consumer that pays for these tariffs, as costs not easily absorbed by industries that have tight margins already,
Trudeau and Sheinbaum figured out that that's the way to play it. If Trump is given an off-ramp where he can say, 'Ok, I won,' he'll take it, and that's what happened,
If you are Temu and Shein, you will probably to a hit on two grounds. They will have to start paying tariffs on dresses and T-shirts, so they will take a hit,
This marks the fifth time in a row that Beijing has retaliated to tariffs, rather than make needed reforms. The first four times happened during Trump's first term and also got zero results. At some point, President Trump needs to figure out that tariffs will not get him what he wants from China,
Ryan Young, senior economist for the Competitive Enterprise Institute, an advocacy group that favors deregulation, said in a statement to CBS MoneyWatch I think it is all rhetoric for now. This is the negotiation stage,
said Bill Dendy, a financial strategist at investment bank Raymond James I think [Mr. Trump] backed off bigger Chinese tariffs because it became clear to him that it would eliminate any possibility of negotiation,
trade policy expert William Reinsch, a former U.S. undersecretary of commerce for export administration and senior adviser at the Center for Strategic and International Studies, told CBS MoneyWatch Americans can expect to pay a lot more for their technology goods, as well as their clothing and other things,
There were rumours about a possible agreement with China to postpone the implementation of the tariffs, but the supposed conversation between Trump and Xi Jinping did not take place and this has somewhat discouraged the market,
Even though agricultural products are not targeted in Beijing’s countermeasures, the market is still quite worried over the uncertainty of future Sino-US relations,
said Rosa Wang, an analyst with Shanghai JC Intelligence Co Ltd, a China-based commodities consultancy Some of the recent moisture was under-forecasted, giving producers a welcome surprise that has helped to stabilize conditions in certain regions,
If a similar deal isn’t reached, then I think it has the potential to be fairly intense,
said Clark Packard, research fellow at the Cato Institute’s Herbert A. Stiefel Center for Trade Policy Studies Raising the costs of those imports would be hard for those firms,
We still expect the US will levy more tariffs on China later this year as part of its larger trade policy goals,
they said in a note to clients on Tuesday I’m in no rush,
Trump told reporters that day It’s really hard to put numbers on these effects — but they would be appreciable by any measure,
These tariffs are structured to signal China's capacity to endure prolonged economic confrontation while forcing the US to deal with internal economic pressures,
Mingzhi Jimmy Xu, an assistant professor at Peking University, to AFP The measures are fairly modest, at least relative to US moves,
Capital Economics's Julian Evans-Pritchard said The Chinese tariffs do not go into effect until five days from now, a long time in Trump world,
Wendy Cutler, a former US trade official, said in a note China's economy is in a fragile state, and this limits its ability to act freely,
Given the current economic downturn, China cannot afford -- and does not want -- to impose excessive trade barriers,
