Quotes
Most market participants have been preparing for such tariff headlines since the U.S. election and intuitively understand that Tariffs 2.0 will be used by the Trump Administration for policies beyond just trade (e.g., immigration, national security, foreign policies),
Lakos-Bujas said in a note to clients
Trudeau and Sheinbaum figured out that that's the way to play it. If Trump is given an off-ramp where he can say, 'Ok, I won,' he'll take it, and that's what happened,
Reinsch said
If we continue to go down this road, that can be very detrimental to the U.S. consumer because it is the consumer that pays for these tariffs, as costs not easily absorbed by industries that have tight margins already,
Dendy saidIf you are Temu and Shein, you will probably to a hit on two grounds. They will have to start paying tariffs on dresses and T-shirts, so they will take a hit,
Reinsch saidThis marks the fifth time in a row that Beijing has retaliated to tariffs, rather than make needed reforms. The first four times happened during Trump's first term and also got zero results. At some point, President Trump needs to figure out that tariffs will not get him what he wants from China,
Ryan Young, senior economist for the Competitive Enterprise Institute, an advocacy group that favors deregulation, said in a statement to CBS MoneyWatchI think [Mr. Trump] backed off bigger Chinese tariffs because it became clear to him that it would eliminate any possibility of negotiation,
trade policy expert William Reinsch, a former U.S. undersecretary of commerce for export administration and senior adviser at the Center for Strategic and International Studies, told CBS MoneyWatchAmericans can expect to pay a lot more for their technology goods, as well as their clothing and other things,
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I will never support the idea of fighting allies,
Danish Prime Minister Mette Frederiksen said MondaySo if this is about securing our part of the world, we can find a way forward,
she added
This country has suffered because we haven't utilized American power to deliver what's best for everyday Americans—ensuring the safety and security of our homeland to prevent the flow of drugs that has caused so much pain and suffering, as well as the gradual relinquishment of our position in the world to adversaries like China, which has been encroaching on our region and violating the fundamental concept of Manifest Destiny that made America great,
Salas saidTariffs work. The Biden-Harris regime had four years to close our border. President Trump has made great strides in just two weeks,
Biggs postedHowever, these gains are often incremental and appear designed more to allow Trump to claim symbolic victories than to achieve substantial policy shifts,
Mayer told NewsweekIf a similar deal isn’t reached, then I think it has the potential to be fairly intense,
said Clark Packard, research fellow at the Cato Institute’s Herbert A. Stiefel Center for Trade Policy Studies
We still expect the US will levy more tariffs on China later this year as part of its larger trade policy goals,
they said in a note to clients on TuesdayRaising the costs of those imports would be hard for those firms,
Packard saidI’m in no rush,
Trump told reporters that dayIt’s really hard to put numbers on these effects — but they would be appreciable by any measure,
he saidChina's economy is in a fragile state, and this limits its ability to act freely,
she explained
These tariffs are structured to signal China's capacity to endure prolonged economic confrontation while forcing the US to deal with internal economic pressures,
Mingzhi Jimmy Xu, an assistant professor at Peking University, to AFP_(cropped).jpg)
The Chinese tariffs do not go into effect until five days from now, a long time in Trump world,
Wendy Cutler, a former US trade official, said in a note