Quotes
Clearly, tariffs will impact the manufacturing sector harder than the overall economy, but the prospect of sharp tariff hikes is clearly going to be bad for the economy, and the unpredictability on this issue over the last few months makes things even worse,
said Stephen Stanley, chief US economist, Santander US Capital Markets
This supports our view that there will be a goods-driven resurgence in core inflation in the second half of the year,
said Thomas Ryan, North America economist at Capital EconomicsThe fear here is that it's going to slow (economic) growth,
said Adam Sarhan, CEO of 50 Park Investments in New York
Equity valuations have been very elevated and there's been yellow flags all over the horizon given moves to cut government spending,
said Ben McMillan, chief investment officer at IDX Insights in Tampa, FloridaIt seems that tariffs are definitely going to go through and it increases the chances of a real economic fallout. The markets are not psyched to stick around for that,
said Thomas Martin, senior portfolio manager at Globalt Investments in Atlanta
That's certainly a positive for Europe because it's unifying more of western Europe including Ukraine and drawing a line for the Russians, who have been very transparent that they want to recreate the old Soviet Union,
said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New YorkWe are talking to everyone on this to see how this can be resolved,
he told reporters
_(cropped).jpg)
Because of the tariffs imposed by the US, Americans will pay more for groceries, gas, and cars, and potentially lose thousands of jobs.”
Justin Trudeau, the Canadian prime minister, said
We expect our vendors across our entire assortment will pass along some level of tariff costs to retailers, making price increases for American consumers highly likely,
CEO Corie Barry told investorsThere may well be short-term price movements,
the commerce secretary Howard Lutnick told CNBCWe have been reserving warehousing capacity, looking to reserve space in ports to export the metals to Asia,
Price saidWhile Tuesday’s tariffs are a go, it remains very unclear on just how long these tariffs will remain,
wrote Clark Geranen, chief market strategist at CalBay Investments, in a note Tuesday
We note that potential tariffs on Mexico and Canada pose significant risk to our NA production estimates and could create a supply shock similar to COVID,
Murphy said
Early in 2025, there are material and potentially disruptive changeovers at F (Ford Motor, Kentucky Truck) and TSLA (Tesla, Model Y globally), while GM (General Motors) is largely clear,
Murphy saidThose are categories where we'll try to protect pricing, but the consumer will likely see price increases over the next couple of days,
he told CNBC in an interview after Target released its fourth-quarter earningsIf there's a 25% tariff, those prices will go up,
Cornell addedIt is difficult for markets to get on with aggressive positioning given the risk of U.S. tariff policies turning on a dime."
Chang Wei Liang, a currency and credit strategist at DBS, said
I'm spending a lot of time talking to CEOs who are really trying to understand the consequence of some of this...I think we're going to live with a slightly higher level of volatility."
David Solomon, Goldman Sachs CEO, speaking at a conference in Australia, saidI don't think China will buy any more U.S. farm products. The orders will go to South America. I think all in all, it's a lose-lose situation. Nobody gains anything."
Francis Lun, CEO of Geo Securities in Hong Kong, saidCanada will not let this unjustified decision go unanswered,
Canada's Prime Minister Justin Trudeau condemned the tariffs, stating