Quotes
As a BRICS nation... they'll have a 100 per cent tariff if they so much as even think about doing what they thought, and therefore they'll give it up immediately,
Speaking to the media during his signing ceremony at the Oval Office, President Trump said ... referring to the reduction in the use of the dollar in global trade If the BRICS nations want to do that, that's OK, but we're going to put at least a 100 per cent tariff on the business they do with the United States... It's not even a threat. In fact, since I made that statement, Biden said, they have us over a barrel. I said, No, we have them over a barrel. And there's no way they're going to be able to do that,
In those areas, the primary target will likely be China, but the next could be Korea,
Judging by Trump’s Cabinet picks, he is selecting individuals who are more inclined to impose tariffs, making it almost certain that tariffs will be introduced,
Jang Sang-sik, head of trade trend analysis at the Korea International Trade Association (KITA), said The second Trump administration is expected to pursue proactive tariff measures ahead of the midterm elections in November 2026, utilizing congressional legislation and executive orders,
In the last two weeks we have seen two conflicting views from the new administration - the hard-liners on tariffs and those who favour a more market-friendly approach,
Frederik Ducrozet, head of macroeconomic research at Pictet Wealth Management, said So, this perception that the door is open to negotiations is important. But it doesn't tell us where we will end and I will be waiting for details on the scope of tariffs, which sectors will be impacted, ... The fact that he might be choosing a gradual approach is an encouraging sign."
There will be a huge amount for markets to digest this week, but if the implementation of trade and immigration policy does not negatively disrupt supply chains and the labor force, financial markets may unwind some of their recent inflation caution,
wrote analysts at ANZ in a note It doesn't mean tariffs won't be imposed, but it has been taken as an indication towards gradualism and against universality,
said Taylor Nugent, a senior markets economist at National Australia Bank
