Quotes
If higher tariffs trigger a rerouting in trade, then U.S. price levels may not rise. For instance, higher taxes on Chinese goods previously led to an increase in imports from Vietnam, not hit by tariffs."
Gerard Lyons, chief economic strategist at Netwealth, told Newsweek
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A more accurate measure of GDP would exclude government spending."
Elon Musk, head of DOGE, on X, formerly TwitterBoth the Mexicans and the Canadians were on the phone with me all day today trying to show that they'll do better, and the president is listening because you know he's very, very fair and very reasonable. So, I think he's gonna work something out with them. It's not gonna be a pause. None of that pause stuff. But I think he's gonna figure out, you do more, and I'll meet you in the middle."
Lutnick saidWhen you get a meaningful correction in risk assets from U.S. policy instability, that naturally translates into the relative outperformance of unloved assets,
like Europe ... notes Benn Eifert, managing partner at San Francisco-based hedge fund QVR Advisors
Wall Street can continue to do fine but we have a focus on small business and the consumers,
Bessent told the network
Trump is really pouring gasoline on the fire in many cases by implementing across the board, indiscriminate tariffs,
Alex Jacquez, chief of policy and advocacy at Groundwork, told The Independent
There are a lot of storms out there and they’re getting darker and darker,
said Mark Zandi, chief economist at credit rating agency Moody'sOne of the biggest wins for the American people, since election day and since inauguration, mortgage rates have come down dramatically,
he said Tuesday on Fox NewsBut for each passing day that he doesn’t and he doubles down, investors are growing more and more concerned,
he saidThe economic impact of a sustained 25-percent tariff on Canada and Mexico would be severe, with full tit-for-tat retaliation likely to push Canada and Mexico into a recession and the U.S. to a point of stagnant growth."
Andrew Foran of TD Economics saidBusinesses that rely on imported goods will suffer and could even shutter. People will lose their jobs as a result. The price of imported everyday items like household goods, appliances, cars and electronics will go up. Retaliatory tariffs will hurt American businesses that sell goods abroad."
Daryl Fairweather, chief economist at Redfin, told NewsweekTariff wars, DOGE cuts to jobs and government programs and agencies, and deportations are sowing confusion, which puts a pall on investment, hiring and spending (...) Lawmakers need to get it together soon, or the economy will go from gagging to choking."
Mark Zandi, chief economist at Moody's Analytics said on XThe economy appears to be gagging on the uncertainty created by the haphazard economic policymaking happening in D.C.,
Mark Zandi, chief economist at Moody's Analytics, said on X, formerly Twitter, on Sunday
We expect GDP to rebound by 4.5 percent annualized"
While economists at Capital Economics predict a GDP contraction in the first quarter, in a note last week, the firm's chief North America economist Paul Ashworth wroteIt is difficult for markets to get on with aggressive positioning given the risk of U.S. tariff policies turning on a dime,
said Chang Wei Liang, currency and credit strategist at DBS
I'm spending a lot of time talking to CEOs who are really trying to understand the consequence of some of this,
said Goldman Sachs CEO David Solomon at conference in Australia
The threat of tariffs has run its course for now, so the next phase is to endure them,
said Jamie Cox, managing partner at Harris Financial Group in Richmond, ViriginaThat argument is waning and we keep seeing the price action move the other way,
he said, noting.jpg)
The market was expecting something to happen that would mean that the tariffs wouldn’t be implemented … it comes on top of a strong whiff of stagflation – meaning lower growth and high inflation that has been apparent in a number of data releases and as we know tariffs will just accentuate the smell of stagflation,
Mohamed El-Erian, president of Queens College, Cambridge, told Richard Quest on CNN International
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Remember, he (was) saying on day one he would lower prices for American families, on day one,
Warren said