Quotes
We find the targeting of Canada particularly absurd. You don’t get to choose your neighbors, but most countries would kill to have one as friendly, stable, reasonable and reliable as Canada,
Loop Capital Managing Director Rick Paterson said in a note to clients downgrading the two railways The immediate impact could be a decline of upwards of 10%” as the S&P/TSX Composite Index catches up with the recent decline in the Canadian dollar
said analysts with Jefferies Group LLC, including John Aiken Most of Canada’s exports of auto parts, pharmaceuticals and electronics to the US are produced by foreign (mostly US) companies that would bear the tariff burden in the short term,
With tariffs set to come in on Tuesday, there is a small window to come to some sort of accommodation. But President Trump has downplayed the chances of a deal before then,
If we are attacked in terms of trade, Europe - as a true power - will have to stand up for itself and therefore react,
French President Emmanuel Macron said as he arrived for the talks The lack of a clear economic rationale behind this decision - justified primarily as a measure to curb illegal immigration and fentanyl imports - has unsettled investors,
Investors fear that this trade war will result in a significant deterioration in the global economy,
said John Plassard, investment specialist at Swiss asset manager Mirabaud Canada doesn’t even allow U.S. Banks to open or do business there. What’s that all about?”
Trump wrote on Truth Social I think these tariffs specifically, Kristen, are meant to bring Canada and Mexico to the table for the fentanyl that is streaming into our communities.”
Eric Schmitt, R-Mo., told “Meet the Press” moderator Kristen Welker Even if tariffs are called off tomorrow, the increase in policy uncertainty will be hard to put back in the bottle,
The fact is these countries are taking advantage of us all along the while we’ve got fentanyl streaming into our country. So Mexico has a choice. They can choose to trade with the United States or continue to cozy up with the cartels. It’s pretty simple.”
If these tariffs lasted a full fiscal year, we recognize a potential $3.00-3.75 hit to F26E EPS, though potential pricing and volume headwinds make it difficult to estimate,
analyst Michael Lavery said in a note These announcements have come as a shock to many investors who expected tariffs would only be imposed if trade negotiations failed,
wrote David Kostin, chief U.S. equity strategist at Goldman Sachs However, we no longer see meaningful upside to our standalone price target. While a deal with Nippon — or another party — may still happen, which is reflected in our $55/[share] bull case, we continue to set our price target on a standalone basis,
Beyond the rising cost of moving goods across borders, it will disrupt established supply-chains and depress North American business sentiment,
Bruce Kasman, chief economist for J.P.Morgan, said in a note Breaking global trade may seem like the thing to do to resurrect the US industrial economy, a noble ambition, but, break trade and you disrupt global capital flows necessary to finance the US budget deficit,
an analyst at GlobalData.TS Lombard wrote in a note It’s too early to know exactly what impact tariffs will have on the global economy, but it is fair to say that they have a high potential of triggering inflation, and weighing heavily on global growth, including the US economy.”
This does not mean that the UK economy will avoid impact from the tariffs, but it does mean that the UK economy could be more resilient than elsewhere.”
Kathleen Brooks, the research director at XTB, said February seems likely to begin with a Trump tariff tantrum, with very early futures prices signalling declines of more than 600 points for the Dow Jones, and declines of 2% or more for the benchmark S&P 500 and Nasdaq indices.”
Richard Hunter, the head of markets at the online investment platform Interactive Investor, said This wasn't a shock. It's been telegraphed for weeks but investors will still feel the jolt as markets adjust to a move almost universally seen as damaging to global growth and financial stability,
said Stephen Innes at SPI Asset Management
