Quotes
We have a deficit with Mexico of $350 billion.”
He said in a Fox News interview in February
It's possible many shippers will be cautious about new orders the first few days after tariffs are implemented to gauge if the tariffs are temporary,
said C.H. Robinson's Global Forwarding president, Mike Short
Dry freight Mexican shippers did not appear to react the same way except for produce shippers,
Croke saidThere's clear evidence shippers north of the border were desperate to get loads into the U.S. before midnight on Monday this week,
said Dean Croke, principal analyst at DATWhen the real estate market is booming, people believe that they are very rich. If people believe that they're rich, they tend to spend their income on consumption. But with the decrease in the price of housing in most parts of China, people believe that they're no longer as rich as before, so (...) they want to increase their savings and reduce their consumption."
He-Ling Shi, an associate professor of economics at Monash University in Australia, told The Associated Press
China's economy faces uncertainty as U.S. tariffs hit; S&P Global sees GDP growth slowing to 4.1 percent in 2025 (...) China's stimulus measures should support economic growth, but we expect its economy to be hit by U.S. trade tariffs on its exports."
S&P Global, wrote in JanuaryIf the U.S. dramatically reduces demand for China-produced goods, and cuts off paths for transshipment, it would undeniably have a meaningful impact,
the report statedI’ve talked to multiple companies that are saying, ‘We’re not moving forward with any investment. We need this to be settled,
said trade lawyer Gregory Husisian at the law firm Foley & Lardner
Right now, the tariffs are putting everybody off balance because of their unpredictability and uncertainty,
said John Gulliver, president of the New England-Canada Business CouncilPast trade agreements simply don’t mean much if the president can unilaterally violate them and impose tariffs with no checks at all,
said Douglas Irwin, an economist at Dartmouth College
It creates an enormous amount of uncertainty for multinational companies that sell products worldwide, that import from the rest of the world, that run these complex supply chains through multiple countries,
said Eswar Prasad, an economist at Cornell UniversityCustomers are pausing on new orders as a result of uncertainty regarding tariffs,
said a transportation equipment companyFor now, we have no plans of adding more shelving or space for new items, we will stick to the footprint we have,
she saidDevelopers of commercial projects like high-rises and hotels budget two years in advance, so they don’t account for new tariffs,
she saidThe tariffs will be devastating for small businesses like ours,
she saidThat construction budget is now under review and may likely be delayed ... as I recalculate costs that have already been budgeted,
he saidWe’re going to be taking in trillions of dollars, and as much as child care is talked about as being expensive, it’s — relatively speaking — not very expensive, compared to the kind of numbers we’ll be taking in.”
In response to a question about how he’d tackle child care costs so more women could join the workforce, Trump brought up his plan to hike taxes on imports and saidWe’re trying to balance the budget immediately, and because of the tariff income, which is really go- — it’s — it’s already turned out to be amazing, actually,
Trump saidI’ve decided for purposes of fairness that I will charge a reciprocal tariff,
Trump said last month as he signed a proclamation laying out his plan for reciprocal tariffsILLEGAL BORDER CROSSINGS LAST MONTH WERE THE LOWEST EVER RECORDED. THANK YOU!!!”
On Sunday, Trump posted on his social media network