Quotes
Such tariffs will, in the end, boomerang on the US in the form of higher inflation and rising interest rates,
said Bernard Baumohl, chief global economist for the Economic Outlook Group European countries will be less likely to strike any kind of bargain with Trump than Canada or Mexico,
said Peterson Institute for International Economics nonresident senior fellow Gary Hufbauer Our assumption is that all these other countries, all these other advanced economies, especially in Asia, they will retaliate in kind,
economist Bernard Yaros of Oxford Economics told Agence France-Presse If implemented, this would spell disaster for the US auto industry and Detroit's Big Three manufacturers, all of whom import significant numbers of vehicles from Canada and Mexico, as well as Volkswagen and other European OEMs (original equipment manufacturers),
Bernstein analyst Daniel Roeska said in a note What he definitely does is alienate all his allies,
This is a relationship that we know takes a certain amount of working on, and that’s what we’ll do,
Tariffs would likely be a higher tax on consumers – U.S. consumers,
As he did in his first term, he will implement economic and trade policies to make life affordable and more prosperous for our nation,
We expect the increase in tariffs to lead to a rebound in inflation and a slowdown in economic growth,
Inflation will pressure consumers to seek value, with an emphasis on private-label products, affordable luxuries and occasional dining out,
Therefore, the agribusiness sector in Australia and New Zealand should focus on profitability drivers, optimisation and diversification of products and markets to navigate change,
A stronger US dollar and decreased US competitiveness in global markets would be a positive for Australian and New Zealand grain, oilseed, dairy and beef exports, particularly in the Asian wheat and dairy markets and global beef trade,
But that's a heavy lift, especially for a Republican Congress
at the start of Trump's term ... said Stephen Kho, a trade lawyer at Akin Gump and former China trade enforcement counsel at the Office of the U.S. Trade Representative It’s going to be very bad for the North American economy if this scenario unfolds as promised. We can hope that it’s just an elaborate bluff,
This is a time when U.S. consumers have expressed a lot of dissatisfaction with inflation, and arguably elected Trump because of that dissatisfaction,
says Kimberly Clausing, former lead economist in the Biden Administration’s Office of Tax Policy So much of what we get in the US, from PlayStations to avocados … are from different places,
said Harris of Catoctin Creek I don’t think that tariffs alone are going to bring manufacturing back to the United States without other initiatives,
If you want a poster child for why tariffs don’t work, you just have to look at our industry,
said Nate Herman, of the American Apparel & Footwear Association (AAFA). I’m a little worried that something like that might happen again,
None of the materials that go into a shoe or a shirt are made here any more,
