Quotes
We don't want to give anybody any signal that we would like to be protectionist,
Finance Secretary Tuhin Kanta Pandey told Reuters after the cut in duties was announced during India’s annual budget presentation on Saturday There is scope for India to buy more weapons from the U.S. of which fighter jets could be a component,
according to defense analyst Rahul Bedi The global trade environment has been plunged into uncertainty. We will just have to wait and see what actions are taken by Mr. Trump vis a vis India,
pointed out trade expert Srivastava Lowering some tariffs is the symbolic approach. We have made some gestures but nowhere near what would satisfy Trump,
according to Manoj Joshi, distinguished fellow at the Observer Research Foundation in New Delhi These latest reductions in tariffs signal a policy shift that could enhance U.S. exports in sectors such as automobiles, technology and some components for the space sector,
according to Ajay Srivastava, founder of Global Trade Research Initiative, a think tank based in Delhi On tariffs, I think the U.S. will put more pressure — after all, if Trump did not carve out exceptions for allies like Canada, why will he do it with India,
Mexico does not want confrontation,
Any infrastructure upgrades would not happen overnight,
We don’t need anything they have. We have unlimited Energy, should make our own Cars, and have more Lumber than we can ever use.”
Trump in a message posted on Truth Social Sunday said If Canada is going to rely on America for its economic growth, how about you treat our farmers, our ranchers and our fishermen with respect?”
We're still a small player when compared to the might of the US economy. And so what we have to do is look at where we have critical leverage, where we have essential goods that they are very reliant on,
I think it is a mistake to think that Trump 2.0 is going to be as benign for Asia. I suspect that after (the US) starts imposing these tariffs against Canada, Mexico, China, and moves on to the EU, it will become much harder for firms across Asia to use inputs from China, and potentially Canada and Mexico to export to the US,
It also is a powerful signal to the rest of the world that the US is prepared to do extraordinarily unusual things in order to, as Trump says, make America great again,
said Elms, head of trade policy at philanthropic organisation Hinrich Foundation At the end of the day, it requires the parties to want it to work. It's not clear that the US under Donald Trump wants USMCA to work,
said trade and economic policy expert Deborah Elms It will hurt us, it will also hurt them. They're going to feel it very quickly. It will affect the affordability of everyday goods,
Seeing an all-out tariff on all goods and trade with Canada, that is quite profound, quite disturbing, and it will impact businesses,
We can have a tit-for-tat, which would be an absolute disaster,
It is supposed to prevent exactly this kind of behaviour – a sudden imposition of 25 per cent tariffs across the board,
she told CNA’s Asia First There are others in his sights. He's already threatened the European Union with upcoming tariffs later on in February,
Ultimately, trade wars hurt everyone - workers, consumers, farmers, and the global economy, particularly if the effects are widespread,
