Quotes
If Lutnick's comments about giving relief on tariffs for Canada/Mexico holds, it would ease some of our concerns,
said Mohit Kumar, chief Europe economist at Jefferies
They’re about protecting the soul of our country. Tariffs are about making America rich again and making America great again.”
Trump then added
The economic impact and consumer impact is still ahead of us,
said Sameer Samana, head of global equities and real assets at Wells Fargo Investment Institute
The long-term trend that we were in, which is the rally from the pandemic lows, has basically tapped out and on top of that you put Trump, whose policies - whether it's tariffs, deportations or the extension of the 2017 tax cut - are all going to hurt the economy or cause inflation,
said Bill Strazzullo, chief market strategist at Bell Curve Trading in BostonWe are on the tariff roller coaster,
said Wasif Latif, chief investment officer at Sarmaya Partners in New JerseyThe economy remains stuck in the slow lane, thanks to high interest rates bearing down on private demand,
Bassanese said
There’s also growing signs that the persistent weakness in consumer spending has started to take its toll on business investment, further dampening overall private demand. Today’s report suggests the risk of a strong bounce back in private demand – especially consumer spending – in the absence of lower interest rates seems low,
he saidI make no judgments about whether the Trump administration's worldview is good or bad; or even right or wrong,
he said
The markets are having a tough time even setting expectations for what this trade war could look like,
said Ross Mayfield, investment strategy analyst at Baird
The thing that we have emphasized over and over again is that Trump introduces uncertainty. We now are at a point where a single tweet or a single release of information can significantly change the interpretation of what markets look like,
said Michael Green, chief strategist at Simplify Asset ManagementYou almost end up in a forced savings regime, which in turn negatively affects employment, negatively affects wealth, and that's what markets are trying to price right now. We genuinely don't actually know,
he told CNBC
If higher tariffs trigger a rerouting in trade, then U.S. price levels may not rise. For instance, higher taxes on Chinese goods previously led to an increase in imports from Vietnam, not hit by tariffs."
Gerard Lyons, chief economic strategist at Netwealth, told Newsweek
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A more accurate measure of GDP would exclude government spending."
Elon Musk, head of DOGE, on X, formerly TwitterThe country is in trouble if we don’t change things, at least from a financial standpoint. We’re going to go bankrupt. So I think that Trump and the administration understand the urgency, and they’re taking the necessary steps to sort of right the ship,
he said
I think he’s going to figure out you do more, and I’ll meet you in the middle some way, and we’re going to probably be announcing that tomorrow,
Lutnick said_(cropped).jpg)
We don’t want this. We want to work with you as a friend and ally, and we don’t want to see you hurt either, but your government has chosen to do this to you,
Trudeau said during a press conference Tuesday in remarks directed at the American peopleEven though you’re a very smart guy, this is a very dumb thing to do.”
Then, pivoting to speaking directly to Trump, Trudeau saidThings don’t necessarily change in a day. I’d say a year to two years, and then I’ll have a rough assessment of how I really think,
he said, addingNow, both the Mexicans and the Canadians were on the phone with me all day today, trying to show that they'll do better, and the president is listening,
Lutnick saidThe president is just trying to sure that the American people get a fair deal, while simultaneously incurring we have access to some minerals and resources that are very important for the economy in the future,
he added