Quotes
Of course, we don’t want to see tariffs on UK exports, and we’re working hard as a government in discussion with our counterparts in the US to represent the British national interest and support British jobs and British industry,
the Chancellor said
It caps off a horrible week for financial markets and dragged share prices even lower,
AJ Bell investment analyst Dan Coatsworth saidHe discussed this approach with both leaders, acknowledging that while the global economic landscape has shifted this week, it has been clear for a long time that like-minded countries must maintain strong relationships and dialogue to ensure our mutual security and maintain economic stability,
the spokesperson addedThe EU will respond in a calm, carefully phased, and above all, unified way, as we calibrate our response,
he said on social media
We'll be engaging with international leaders over the weekend... it is a changing, shifting global economic landscape.”
But a spokesman for No 10 was clear –I don't think [a U.S. recession] is inevitable because the structure of the economy is so strong, but the risk has become uncomfortably high,
he told CNBC's Silvia Amaro on the sidelines of the Ambrosetti Forum in Cernobbio, Italy
Economic slowdowns (or recessions) have a materially adverse impact on the U.S. banking industry's loan growth, credit costs, investment banking fees, trading profitability, and asset management fees."
Meanwhile, Morningstar's Suryansh Sharma warned on AprilThe second is that the looming global trade war is proving the greater leveller for rate spreads,
he said, referring to past expectations of a slower pace of rate cuts in Britain
The first is that the euro has better liquidity than sterling and will benefit more as investors leave the dollar,
he saidWe are working on a package of responses that can go well beyond tariffs, in order, once again, to bring the U.S. to the negotiating table and reach a fair agreement,
Lombard said in an interview with broadcaster BFM TV
The tariff plan does not appear to be well thought-out. Trade negotiations are a highly technical discipline, and in our view these proposals do not offer a serious basis for negotiations with any country,
said James Lucier, founding partner at Capital Alpha.jpg)
Investments to come or investments announced in recent weeks should be suspended until things are clarified with the United States,
Macron said during a meeting with French industry representativesThe global economy is fundamentally different today than it was yesterday,
he said as he announced several countermeasuresThe government will initiate the withdrawal procedure on Thursday, in accordance with the constitutional and international legal framework,
Orban’s chief of staff Gergely Gulyas posted on social media
[It ... It] didn’t add much confidence on there being an in-depth strategic implementation plan,
Deutsche Bank global head of macro research Jim Reid saidI think he was very happy about how we treated them with tariffs.”
Mr Trump told reporters on Air Force One
Trump is focused on penalising countries with larger trade deficits in goods. It’s highly mechanical rather than a sophisticated assessment of tariffs.”
Deutsche Bank’s George Saravelos said
In the short term the tariffs will have a significant impact on our business. However, in the medium term our San Antonio factory will help to mitigate the impact.”
CEO Graeme Macdonald saidWe are in this together: if you take on one of us, you take on all of us. Our unity is our strength.”
European Commission president Ursula von der Leyen saidThe operation is over! The patient will be far stronger, bigger, better and more resilient than ever before.”
Yesterday, referring to the US, he wrote on his Truth Social account