Quotes
This trade deficit reflects asymmetries in trade relationships that have contributed to the atrophy of domestic production capacity, especially that of the U.S. manufacturing and defense-industrial base,
the executive order said
Eye-watering tariffs on a country-by-country basis scream ‘negotiation tactic,’ which will keep markets on edge for the foreseeable future.”
Adam Hetts at Janus Henderson Investors told Bloomberg
We are very early innings on what could unfortunately turn into a very serious global trade war,
Calcagni told ReutersIt's unfortunate but uncertainties are high so we will be closely watching developments of policies to grasp their economic impacts more precisely,
he said
We are going to protect our workers,
he saidThis is not the act of a friend,
said Prime Minister Anthony Albanese of Australia, a nation often described as America's "deputy sheriff" in Asia
In many cases, the friend is worse than the foe in terms of trade." ... We subsidize a lot of countries and keep them going and keep them in business. Why are we doing this?"
Trump explained the rationale behind these measures, saying ... He further said
The world is going to go through a difficult time,
Garnaut forecasts
Markets are going to be jittery ahead of the announcement,
said Carol Kong, a currency strategist at Commonwealth Bank of Australia
This is a game changer, not only for the U.S. economy but for the global economy,
Sonola saidUr is the origin of modern political economy, and it failed because of the irrationality of its governing system,
Garfinkle saidThe operation is over! The patient lived, and is healing,
And not reluctantly but exuberantly ... Trump declared online
Obviously, the House is not going to take this up at all,
said LankfordReciprocal tariffs are calculated as the tariff rate necessary to balance bilateral trade deficits between the US and each of our trading partners,
it said in a statementThe cost of tariffs is pushed onto the consumers,
said Josef Gregory Mahoney, a professor of Politics at East China Normal University
[Trump] laid it out and said 'I'm going to do a 10% tariff on everybody across the entire world, ... If it's higher than 10%, it's higher than 10% for a reason, because you put high tariffs on us."
the Oklahoma Republican told Newsmax's "Wake Up America."I see it as a drift of the U.S. and global economy towards worse performance, more uncertainty and possibly heading towards something we could call a global recession,
said Antonio Fatas, macroeconomist at the INSEAD business school in FranceI think it's going very well. We have an operation, like when a patient gets operated on and it's a big thing. I said this would exactly be the way it is,
he said, an apparent reference to the selloffAs the global tariff war is coming to a reality, the government should pour out all of its capabilities to overcome a trade crisis,
Han said during an emergency meeting for economic security strategy attended by economy, industry and trade ministers
The more 'Made in the USA', the more supply we create, that will match demand, which will bring down inflation, which will allow interest rates to come down, which will allow more housing to take place, more car purchases, more CapEx investment. And what President Trump's talking about is a golden era in manufacturing. That that's the plan,
Meuser added