Quotes
Removing Permanent Normal Trade Relations with China is a very radical and extreme step that would remove any guardrails against a trade war,
The Republicans won't pass the bill (to repeal the PNTR) until Trump tells them to pass it,
said Derek Scissors, a senior fellow at the American Enterprise Institute Every year it gets closer to being repealed because it doesn't make sense, ... as China does not play by global trade rules
said Jim Lewis, a senior vice president at the Center for Strategic and International Studies There's not a specific item coming from China that's under this tariff that says, 'Oh no, this is the thing that's going to mess everything up' … but they will drive up costs,
said Stephanie Brinley, principal automotive analyst at S&P Global Mobility It's a challenge. It represents a higher cost, and that cost is going to have to be born,
Jackson told CNBC Wednesday on the sidelines of the Federal Reserve Bank of Chicago's auto conference in Detroit While vehicle imports are minimal from China, auto parts imports are about ~$15-20 bn per year per the US International Trade Commission, and China is a key part of the battery/storage supply chain (especially LFP batteries used in utility scale energy storage),
Goldman Sachs analyst Mark Delaney said Sunday in an investment note It's mainly GM and Ford that are really hit from a volume standpoint,
said Jeff Schuster, GlobalData vice president of automotive research Most market participants have been preparing for such tariff headlines since the U.S. election and intuitively understand that Tariffs 2.0 will be used by the Trump Administration for policies beyond just trade (e.g., immigration, national security, foreign policies),
Lakos-Bujas said in a note to clients Trudeau and Sheinbaum figured out that that's the way to play it. If Trump is given an off-ramp where he can say, 'Ok, I won,' he'll take it, and that's what happened,
If we continue to go down this road, that can be very detrimental to the U.S. consumer because it is the consumer that pays for these tariffs, as costs not easily absorbed by industries that have tight margins already,
I think it is all rhetoric for now. This is the negotiation stage,
said Bill Dendy, a financial strategist at investment bank Raymond James This marks the fifth time in a row that Beijing has retaliated to tariffs, rather than make needed reforms. The first four times happened during Trump's first term and also got zero results. At some point, President Trump needs to figure out that tariffs will not get him what he wants from China,
Ryan Young, senior economist for the Competitive Enterprise Institute, an advocacy group that favors deregulation, said in a statement to CBS MoneyWatch If you are Temu and Shein, you will probably to a hit on two grounds. They will have to start paying tariffs on dresses and T-shirts, so they will take a hit,
I think [Mr. Trump] backed off bigger Chinese tariffs because it became clear to him that it would eliminate any possibility of negotiation,
trade policy expert William Reinsch, a former U.S. undersecretary of commerce for export administration and senior adviser at the Center for Strategic and International Studies, told CBS MoneyWatch Americans can expect to pay a lot more for their technology goods, as well as their clothing and other things,
If a similar deal isn’t reached, then I think it has the potential to be fairly intense,
said Clark Packard, research fellow at the Cato Institute’s Herbert A. Stiefel Center for Trade Policy Studies We still expect the US will levy more tariffs on China later this year as part of its larger trade policy goals,
they said in a note to clients on Tuesday Raising the costs of those imports would be hard for those firms,
It’s really hard to put numbers on these effects — but they would be appreciable by any measure,
China's economy is in a fragile state, and this limits its ability to act freely,
