Quotes
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 It’s not like everyone will mark up their shelves tomorrow, and then it’s done,
The administration is playing with fire,
said Joe Brusuelas, chief economist at RSM 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 The Dumbest Trade War in History.”
The Wall Street Journal went a step further, publishing a scathing op-ed on Saturday titled 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 The economic consequences of such tariffs would be severe for North America, potentially causing significant disruptions to growth and trade relations,
wrote Julian Hinz last week We're certainly not looking to escalate. But we will stand up for Canada, for Canadians, for Canadian jobs,
Trudeau said, as he warned of a fracture in longstanding Canada-US ties As long as these universal tariffs are in place, Americans will be forced to pay higher prices on everyday consumer goods,
said David French, NRF executive vice president of government relations The practice of imposing additional tariffs is not constructive and will inevitably affect and damage future bilateral cooperation on drug control,
a ministry spokesperson said Tonight I am announcing Canada will be responding to the US trade action with 25% tariffs against $155 billion worth of American goods,
Fentanyl is America's problem,
China's foreign ministry said It will have real consequences for you, the American people,
China hopes that the United States will objectively and rationally view and deal with its own issues like fentanyl, rather than threatening other countries with tariffs at every turn,
I do think the markets are going to react to this,
said Mark Malek, chief investment officer at Siebert Financial in New York This is one of these big geopolitical events that you can’t predict,
said Colin Graham, head of multi-asset strategies at Robeco in London, ahead of Saturday's developments With any delay in implementation, there will be some view that this is still a negotiating ploy,
said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey Tariffs violate a free trade agreement that was negotiated a few years ago. Tariffs will have real consequences for the American people. This will include immediate tariffs on C$30 billion worth of goods as of Tuesday. This will be followed by further tariffs on C$125 billion worth of American products in 21 days time,
said Trudeau at a press conference Let’s remember that 80 percent of Mexico’s exports go to the US. The country is by far Mexico’s largest trading partner. Experts are telling us that the effects are going to be felt essentially right away, initially with prices going up [and] secondly, with a rise in inflation,
Our focus should be on working together with Canada and Mexico to gain a competitive advantage and facilitate American companies’ ability to export to global markets,
Colvin said in a statement
