Quotes
All you have to do is build your plant in the United States, and you don’t have tariffs,
Trump said, a few weeks before the election No … this is the threat of a negotiation.”
After Trump announced details of the latest tariffs, Bryan Lanza, a senior adviser on his 2024 presidential campaign, told BBC Radio 4’s Today programme Number one is the people that have poured into our country, so horribly and so much … number two are the drugs, fentanyl and everything else that have come into the country … and number three are the massive subsidies we’re giving to Canada and Mexico over deficits.”
Speaking in the Oval Office, Trump told the media there You'd certainly expect to see an impact on prices,
The scary thing is the list of products is very, very long,
Jason Miller, a professor of supply-chain management at Michigan State University, told ABC News. I don't believe that will happen,
House Speaker Mike Johnson said earlier this week about across-the-board tariffs 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 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 Total impact to #gasprices in these areas could be 25-75c/gal, dependent on season and refining factors as well if tariffs go through,
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,
At the end of the day, tariffs on spirits products from our neighbors to the north and south are going to hurt U.S. consumers and lead to job losses across the U.S. hospitality industry, just as these businesses continue their long recovery from the pandemic,
Starting tomorrow, those tariffs will be in place,
White House press secretary Karoline Leavitt told reporters Any increase in expenses in the form of a tariff subsequently serves as a 'food tax' on consumers for imported products and is not a workable solution,
National Grocers Association spokesman David Cutler said Beef prices are high right now and trade disruptions can introduce some chaos into the markets,
We import most of our fresh fruit and vegetables from Mexico and Canada so you will definitely see inflation on those products,
said Rob Fox, an economist and director of CoBank's Knowledge Exchange If it goes through anything like threatened, it will definitely push U.S. beef prices up significantly higher,
These are products that are not easily replaced,
Food companies are scrambling to come up with contingency plans in terms of where they might source these products should these tariffs come into place, and that adds cost to their operations,
Tariffs on any country that imports cars or car parts are likely to raise the costs of buying and/or repairing cars,
LendingTree writer and licensed insurance expert Rob Bhatt previously told Newsweek
