Quotes
The rebound in household goods spending has also been driven by many promotional events such as earlier Black Friday sales and Cyber Monday, which was in December this year, meaning consumers are still bargain hunting,
she said
The surprise for markets … is that Canada and Mexico retaliated immediately and that others, i.e. China and the EU, may follow their lead, resulting in a sharp contraction in global trade,
Tony Sycamore, a market analyst at IG told Reuters
Trump’s trade war has started,
Alvin Tan, head of Asia currency strategy at RBC Capital Markets in Singapore told Reuters, noting it was hard to see the dollar retreating any time soonThe prospect of having a long and protracted trade spat between the world's two biggest economies is causing investors to take risk off the table today,
said Tim Waterer, chief market analyst at financial services firm KCM Trade
Repeated use of tariffs would incentivize other countries to reduce reliance on the US, weakening the dollar's global role,
she addedWe should give the right signal for the world, as well as to our own industry,
Pandey added, ... saying the
We don't want to give anybody any signal that we would like to be protectionist,
Finance Secretary Tuhin Kanta Pandey told Reuters
India's average tariffs are still much higher compared to the United States, Japan and China,
said Ajay Srivastava, founder of Global Trade Research Initiative, a think tank based in Delhi
During Trump’s first term in office, tariffs and trade tensions brought attention to the more general topic of the advantages but also disadvantages of globalisation,
said ING analysts led by Inga FechnerWe’ll see what happens,
the US president replied when asked by reporters what countries would be next to be targeted by tariffsWe suspect the path of least resistance for now is for Asian currencies and risk assets to weaken, together with a greater risk premia to account for future meaningful tariff moves beyond what we have seen,
said Michael Wan at MUFG
This wasn't a shock -- it's been telegraphed for weeks -- but investors will still feel the jolt as markets adjust to a move almost universally seen as damaging to global growth and financial stability,
said Stephen Innes at SPI Asset Management
It’ll be tougher to secure exemptions this time than the last time,
Sinodinos said
Trump’s sudden tariffs — such as what we saw with Canada and Mexico over the weekend — have much broader ramifications than just creating a trade war,
Sinha told this mastheadThe company is currently working through the complexities associated with the imposition of the tariffs,
it saidMexico and Canada have learnt that having a free agreement with the US does not protect you,
he saidTrump has always believed that free trade, especially with China, has resulted in America exporting jobs with American factories being replaced by foreign ones,
he saidThat’s long been apparent that President Trump would take a different approach on these questions,
he saidIn the past 24 hours, over $US188 billion has been wiped out from the crypto market, reflecting investor unease, and this volatility is now spilling into traditional market,
he said_(cropped).jpg)
This will include immediate tariffs on $30 billion worth of goods as of Tuesday, followed by further tariffs on $125 billion of American products in 21 days’ time, to allow Canadian companies and supply chains to seek to find alternatives,
Canadian Prime Minister Justin Trudeau said on Saturday