Quotes
President Trump walked into the Rose Garden and detonated the most aggressive trade shock the market's seen in decades. This isn't a jab, it's a full-on haymaker,
said SPI Asset Management's Stephen Innes
Regardless of what the deal is, it is highly likely that the US will keep part of the tariffs for everyone,
Ng told Al Jazeera
In our view, the scale and speed of the new Trump administration’s additional tariffs and other measures against China are much worse than markets had expected, though these events unfolding are consistent with our more cautious views,
Ting Lu, chief China economist at Nomura, said in a noteThe tariff announcement doesn’t eliminate uncertainty, but it hopefully puts a boundary around how bad the economic consequences will be,
Brian Jacobsen, chief economist at Annex Wealth Management, told Al JazeeraIf that were the case, markets would be falling a lot more dramatically, as this kind of tariff regime would effectively guarantee a recession. The long-run tariff policy remains uncertain – how will other countries react? Will the US escalate? Will it pull back?”
Fotak told Al JazeeraThe hike in tariffs was more aggressive than expected,
Lynn Song, chief economist for greater China at Dutch bank ING, told Al JazeeraThese tariff figures are worse than expected – certainly viewed from Asia, where everyone got hit. An export-dependent region is going to really struggle with sudden, huge price increases,
Deborah Elms, the head of trade policy at the Hinrich Foundation in Singapore, told Al JazeeraI would continue to expect most companies, if not the vast majority of them, to say in this upcoming earnings report that they do not have visibility, therefore they're not going to forecast the impact of tariffs,
D.A. Davidson analyst Gil Luria said
What I think is most meddlesome at the moment, though, is simply the unknown element, the rapidity with which each incremental wave of tariff has been announced,
Skechers Chief Financial Officer John Vandemore saidWith more clarity on tariffs, C-suites will need to adjust guidance through the 1Q reporting period,
Citi U.S. equity strategist Scott Chronert said,CEOs will latch onto an opportunity to lower expectations even if it's painful - they can just say it's the stupid tariffs, or headwinds, or currency conversion,
said Mark Malek, chief investment officer at Siebert Financial in New York
Managing risk from tariffs is likely to be an ongoing, dynamic process for the duration of the second Trump administration as tariff threats continue to linger,
Morgan Stanley strategists led by Michael Wilson said in a note on Monday