The last time around it took many months of negotiations and lobbying in order to achieve an outcome.”
We are watching the trade environment very closely and are avoiding speculation about any tariffs that would drive up prices of food,
To take a generous view of Trump - which I know is very hard to do - he is actually trying to respond to an American constituency who feels really harmed by the neo-liberal economic growth agenda that’s been going on over there for the last three, four decades,
We’ll continue to advocate over coming days and weeks, and if need be, months as well, to put our strong position. What we won’t do is to punish Australians by lifting prices, which is what tariffs would do,
It really is the magic metal,
The subsidies allowed China to come in at an artificially low price. And that has roiled the aluminum industry globally and in particular in the United States,
When you consider a $40,000 car or something like that, it might increase the price by about $75,
The president wants steel and aluminum in America. And let me be clear — nothing's going to stop that until we've got a big, strong domestic steel and aluminum capability. And by the way, he's going to add copper to that mix, too,
If President Trump does what he says he is going to do, yes, I do think we're going to have something that's close to the end of the modern era of globalization,
I don't think the goals that this administration has set out are clear yet,
They're to raise revenue, tariffs can also be used for retribution. … Tariffs can be used for reciprocity to encourage other countries to lower their tariffs for perceived harms,
In 2017, Chinese imports into the US as a percentage of our total imports peaked at a little bit above 21 percent,
If you do 50, 60 percent tariffs on China, standard economic analysis would say the trade between the US and China, the direct part, will go to zero. If you put 25 percent tariffs on the entire world or 20 percent tariffs on the entire world, the US will import less. We'll also export less,
President Trump has once again used the leverage of the American economy, which is the best and biggest in the world, to deliver a win for the American people,
If exclusion of Mexican steel from this measure is not achieved, it will be necessary to apply reciprocal reprisals on United States steel products,
We’re going to wait until April 2 and then we will decide whether or not to impose reciprocal tariffs,
By increasing costs of basic inputs for many companies, the tariffs could harm manufacturers who ultimately employ far more Americans than steel mills and aluminum smelters do, potentially causing Mr. Trump’s plans to bolster U.S. manufacturing to backfire,
Pursuant to his previous executive orders, a 25% tariff on steel and aluminum with no exceptions or exemptions will go into effect for Canada and all of our other trading partners at midnight, March 12th,
These are not the steel and aluminum tariffs of the last time,
Consumers will feel the inflationary impact of these tariffs at the grocery store,