Quotes
We are engaging at all levels, trying to convince the Trump administration that in the end, imposing tariffs on the European Union would trigger retaliatory tariffs from our side and this would be, in the end, a total lose lose situation.”
Tariff increases really right across the world can have a really damaging impact on global growth and trade, so I don't think it's what anybody wants to see."
Asked about Mr Trump's announcement, she told the BBC's Sunday with Laura Kuenssberg We have absolutely no interest in starting any kind of trade conflict,
We want to reduce the barriers to trade, make it easier for businesses,
The country’s government firmly deplores and opposes this move and will take necessary countermeasures to defend its legitimate rights and interests.”
China’s Ministry of Foreign Affairs strongly condemned the decision, saying There are no winners in a trade war or tariff war,
Beijing stated, urging Washington to If tariffs drive inflation expectations higher, the Fed may feel pressured to keep rates restrictive for longer, tightening financial conditions and weighing on growth momentum,
Daco said in the new report The administration is playing with fire,
said Joe Brusuelas, chief economist at RSM It’s not like everyone will mark up their shelves tomorrow, and then it’s done,
The Dumbest Trade War in History.”
The Wall Street Journal went a step further, publishing a scathing op-ed on Saturday titled This may be the biggest own-goal yet,
Mary Lovely, senior fellow at the Peterson Institute for International Economics, told CNN in a phone interview Steep tariff increases against US trading partners could create a stagflationary shock—a negative economic hit combined with an inflationary impulse—while also triggering financial market volatility,
Daco wrote in a report on Friday To impose tariffs as high as 25% on our closest trading partners risks decimating the North American economic powerhouse—which the US relies on. Why would you want to burn your own house down
said Christine McDaniel, a former trade official in President George W. Bush’s administration who is now a senior research fellow at George Mason University’s Mercatus Center You put tariffs and you put workforce instability, it’s going to create major delays in projects. It’s going to create an increase in prices because of the lack of availability,
It will impact the patients,
Once that inventory starts to get low, we’re going to start feeling the effects,
Carillo said in a phone interview on Saturday, ahead of the announcement Our American automakers ... should not have their competitiveness undermined by tariffs that will raise the cost of building vehicles in the United States and stymie investment in the American workforce,
said Matt Blunt, president of the American Automotive Policy Council, which represents Ford Motor, General Motors and Stellantis These tariffs don't just hurt Canada. They threaten the stability of industries on both sides of the border,
union president David McCall said in a statement These are volatile situations, so we'll see how long it lasts and what happens,
CFO Rick Dierker said in an earnings call on Friday, We categorically reject the White House’s slander that the Mexican government has alliances with criminal organisations, as well as any intention of meddling in our territor.”
Claudia Sheinbaum, writing on X, said
