Quotes
There’s very little in [the] consumer electronics space that is not imported. … These are goods that people need, and higher prices are not helpful,
Barry said
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It’s a story about the art of the deal,
Fox News host and former Trump spokeswoman Kayleigh McEnany said Tuesday on the networkI think what President Trump is trying to do is saying if we get together and solve this problem, those tariffs need not happen,
media mogul Steve Forbes said Tuesday on Fox NewsAnother way to think about this is it’s 4 to 5 months of a normal year’s inflation in one fell swoop,
Ernie Tedeschi, The Budget Lab’s director and the former chief economist under the Biden administration, said in an emailThe last thing Americans want is upward pressure on their family finances,
the organization’s statement readWhat 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,
Kurlantzick saidWe 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.”
Kennedy said,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,
O’Hanlon saidEuropean countries will be less likely to strike any kind of bargain with Trump than Canada or Mexico,
said Peterson Institute for International Economics nonresident senior fellow Gary Hufbauer
Our assumption is that all these other countries, all these other advanced economies, especially in Asia, they will retaliate in kind,
economist Bernard Yaros of Oxford Economics told Agence France-PresseWhat he definitely does is alienate all his allies,
he told AFPWe expect the increase in tariffs to lead to a rebound in inflation and a slowdown in economic growth,
Rabobank said
Inflation will pressure consumers to seek value, with an emphasis on private-label products, affordable luxuries and occasional dining out,
the report saysTherefore, the agribusiness sector in Australia and New Zealand should focus on profitability drivers, optimisation and diversification of products and markets to navigate change,
it saidA stronger US dollar and decreased US competitiveness in global markets would be a positive for Australian and New Zealand grain, oilseed, dairy and beef exports, particularly in the Asian wheat and dairy markets and global beef trade,
it saysIt’s going to be very bad for the North American economy if this scenario unfolds as promised. We can hope that it’s just an elaborate bluff,
Clausing says
This is a time when U.S. consumers have expressed a lot of dissatisfaction with inflation, and arguably elected Trump because of that dissatisfaction,
says Kimberly Clausing, former lead economist in the Biden Administration’s Office of Tax Policy
So much of what we get in the US, from PlayStations to avocados … are from different places,
said Harris of Catoctin Creek
I don’t think that tariffs alone are going to bring manufacturing back to the United States without other initiatives,
said Rheuban