Quotes
Most Chinese people are simply waiting and observing,
Wang remarked
The increase in tariffs in his second term has made things worse, accelerating the relocation of manufacturing outside of China,
Wang statedExport volume has shrunk, and business has been snatched away by competitors from other countries."
According to the head of an electronics trading company in ShenzhenChina's economy is now in recession, the unemployment rate remains high, and all sectors are in a state of internal competition."
He further highlightedI don’t think those close trading partners with China will pick a side, especially those with free trade agreements with China, even if they have high binding tariffs at the W.T.O.,
said Tu Xinquan, the dean of the China Institute for W.T.O. Studies at the University of International Business and Economics in Beijing
It is not clear where the Trump administration's current path of 'shock and awe' is supposed to lead,
the former International Monetary Fund chief economist wrote in Project Syndicate this week
Markets are unnerved by the punishment that the administration, convinced that the U.S. is a victim, is willing to inflict on close allies,
he concludedThe risk that stuff starts to come under pressure and becomes a structural issue in the markets is not something I would, by any means, underplay."
Referring to exorbitant privilege, Kasman added
We will not stand idly by,
Canada's Finance Minister Dominic LeBlanc said of the latest tariffs movesWhatever they charge us, we're charging them,
Trump told reporters at the White HouseThe claim that the dollar's attractiveness is an exorbitant burden rather than an exorbitant privilege is unpersuasive, especially when those making such arguments are so reluctant to give up the burden,
he said, referring to the administration's regular support for the dollar's global status while promoting policies that undermine itIn a globalized world, the mechanisms are very complex. If you start to put tariffs, it becomes very, very delicate to understand what are going to be the consequences,
he said in an interview, noting for instance that
We always have the opportunity to shift sales to the international markets where we have very, very strong progress,
CEO Flemming Ornskov said in an interviewFor us it’s clear: We cannot bear additional duties, and we are informing our customers about that,
Continental Chief Financial Officer Olaf Schick said in an interviewDepending on the level of tariffs, we’re going to have to take some level of action,
Target CEO Brian Cornell told reporters last weekA tire plant is not a simple assembly plant,
said Michelin’s MenegauxIn the short term, I think it will drive even more patient-access instability,
the Swiss company’s CEO, Richard Saynor, said in an interviewWe are waiting to see how that could play out,
the executive saidIf President Trump does what he says he is going to do, yes, I do think we're going to have something that's close to the end of the modern era of globalization,
Setser said
I don't think the goals that this administration has set out are clear yet,
Setser said