Quotes
There is not much that either fiscal or monetary policy can do in the short term to offset the trade shock,
Deutsche Bank economist Robin Winkler said
Forging alliances ... is the order of the day,
German Economy Minister Robert Habeck said, singling out Mexico, Canada and India where closer trade relations would make senseWe need to strengthen our coordination with ASEAN, Japan, South Korea, EU and UK,
said one Chinese adviser, speaking on condition of anonymity because of the issue's sensitivityIf they keep pushing protectionism and sticking to this one-sided perspective, I don't see them coming back to the WTO for multilateral negotiations anytime soon,
said Marco Molina, of consulting firm Molina & Associates and former deputy permanent representative of Guatemala to the WTOVietnam will likely prioritise negotiations to avoid an economic shock."
But, ... he added
The prices are going to go up, and the prices that DOD has to pay are going to go up,
Kelly said
There’s going to be shortages of supplies, tit-for-tats, and our allies and other partners are going to retaliate,
said Bill Greenwalt, a former Pentagon acquisition officialThere are simply not enough people in the aerospace and defense sector to meet the current need,
Dak Hardwick, vice president of international affairs at the Aerospace Industries Association told a meeting of American and European defense executives on ThursdayWe count on the U.S. for the best equipment,
said a European officialWe have requirements and we’re going to do what makes sense for us,
said a diplomat from a NATO country, who like others, was granted anonymity to discuss a sensitive political issueOur defense industrial base over decades [was] built on a global supply chain,
said Keith Webster, president of the Chamber of Commerce’s Defense and Aerospace CouncilWe have to learn from this,
one NATO official saidEverything now depends on China,
says Robin Brooks, senior fellow at the Brookings Institution, warningI don't think (the Chinese) are feeling triumphalist ... tariffs that destabilise the American economy could prove just as bad for China as tariffs on Chinese goods,
said Christopher Beddor, deputy China research director at Gavekal DragonomicsThe fact that Trump is potentially alienating so many U.S. trade partners at the same time certainly, in my opinion, weakens the overall impact (of his China policy),
said Joe Mazur, geopolitics analyst at policy consultancy Trivium
I'm really concerned that we are going to, for the sake of generating jobs in manufacturing, sacrifice our massive advantages in other areas of our economy which are the primary source of our employment, prosperity and international economic and military power,
Kennedy saidXi is playing the long game,
Singleton said of Chinese President Xi JinpingWe haven't cut off communication channels, I think our actions are reciprocal but we are not deliberately being provocative,
said Sun Chenghao, fellow at Tsinghua University's Center for International Security and StrategyNever forget, every prediction our opponents made about trade for the last 30 years has been proven totally wrong,
he said on WednesdayAdd in the Trump administration’s moves to dial back soft power - like cutting foreign aid and scrapping Radio Free Asia - and it’s hard not to see this as a risky play that might play into China’s hands more than intended,
she said