Quotes
Exposed Canadian and U.S. energy stocks have already reflected some concern around tariffs. However, we expect some volatility as the 10% [oil tariff on Canada] is lower than a potential 25% tariff,
he wrote in a Sunday note Auto parts retailers have an estimated ~10% of sales exposure to Mexico, primarily in remanufactured parts,
wrote Wedbush analyst Seth Basham Overall we continue to see little direct impact to our space or coverage from potential tariff increases on Mexico, Canada, and China; rather indirect effects, as well as escalation remain the larger potential worry as overall semiconductor imports (from all countries) might be large enough to be affected by more broad-based actions should the new administration feel so inclined (as it seems they might be),
While weaker pricing could negatively impact cash flow, they should all benefit from the weaker CAD currency as it lowers costs,
he said, referring to the Canadian dollar Now is the time to choose products made right here in Canada, ... Check the labels. Let’s do our part. Wherever we can, choose Canada."
This is about fentanyl, ... We’ve had a mass invasion of our country. We’ve been taking mass casualties. We lose almost 300 people a day to overdose deaths."
Burgum said on "Fox & Friends." We further agreed to immediately pause the anticipated tariffs for a one month period during which we will have negotiations headed by Secretary of State Marco Rubio, Secretary of Treasury Scott Bessent, and Secretary of Commerce Howard Lutnick, and high-level Representatives of Mexico,
President Trump wants to end this."
Canada has been very abusive of the United States for many years. They don't allow our banks,
Canada doesn’t even allow U.S. Banks to open or do business there,
Trump posted on his Truth Social Monday It was a very friendly conversation wherein she agreed to immediately supply 10,000 Mexican Soldiers on the Border separating Mexico and the United States,
Trump posted on his Truth Social I look forward to participating in those negotiations, with President Sheinbaum, as we attempt to achieve a “deal” between our two Countries,
The President is right to focus on major problems like our broken border and the scourge of fentanyl, but the imposition of tariffs under IEEPA is unprecedented, won’t solve these problems, and will only raise prices for American families and upend supply chains,
Chamber Senior Vice President and Head of International, John Murphy said in a statement Trump seems to have successfully intimidated Republican politicians, and I wouldn’t expect an immediate outcome, even though this really amounts to a shift in control of trade policy from the legislative to the executive branch,
The courts have historically upheld the president’s power to take emergency actions, especially when they are related to national security. But one important question is whether they will uphold the use of tariffs. In the past, [IEEPA] has only been used to impose sanctions,
said Tim Brightbill, a trade attorney at the law firm Wiley Rein in Washington, DC The question will be, can you find a judge who will write an injunction to stay the tariffs from going into effect,
While it is possible that companies or industry groups would seek an injunction, they probably face an uphill battle blocking the new tariffs,
The Chamber will consult with our members, including main street businesses across the country impacted by this move, to determine next steps to prevent economic harm to Americans. We will continue to work with Congress and the administration on solutions to address the fentanyl and border crisis,
All options are on the table,
said one industry official who works with companies involved in international trade, when asked about prospects for lawsuits There are three reasons why we think the 25% tariffs may not be permanent. First, they would be disruptive for the US, and US business groups are already exerting pressure on the Trump administration. Second, they will be hard to implement due to the high degree of integration in manufacturing in North America. Lastly, we think Canada and Mexico are likely to agree to most of Trump's terms on migration and drugs,
Bank of America global economist Claudio Irigoyen said in a note to clients Monday
