Quotes
It is going to affect everything in the economy,
said Josh Stillwagon, an associate professor of economics and chair of the Economics Division at Babson College If there are things that you’re buying on a consistent basis — week to week, month to month — I think it’s not a bad idea to try to stock up in advance,
It’s not just the price aspect and purchasing power decreasing,
Annual losses for households at the bottom of the income distribution are estimated to be $980 under the April 2 policy alone,
according to John Breyault, vice president of public policy, telecom and fraud at the National Consumers League, who cited an analysis from the Budget Lab at Yale I guess you could switch to Coca-Cola if all you want is the caffeine,
A real worry here is that this won’t just be a one-time price jump,
The risk of recession in the global economy this year is raised to 60%, up from 40%,
JPMorgan Chief Economist Bruce Kasman said Thursday in a note to clients, calling the tariffs the largest tax hike on US households and businesses since 1968 The effect of this tax hike is likely to be magnified — through retaliation, a slide in US business sentiment, and supply chain disruptions, ... There will be blood.”
Kasman said in the note titled We are not making immediate changes to our forecasts and want to see the initial implementation and negotiation process that takes hold,
However, we view the full implementation of announced policies as a substantial macroeconomic shock not currently incorporated in our forecasts,
I want foreign countries to finally start forking over cash in order to have access to our markets,
Trump wrote in the book, according to an excerpt My advice to every country right now: Do not retaliate,
Bessent said in a Wednesday interview with Fox News Wednesday For decades, our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike,
If you want your tariff rate to be zero, then you build your product right here in America,
Trump said Wednesday at the White House Our original Constitution did not even have an income tax,
We tax and regulate and restrict our companies to death, and then we allow foreign countries that cheat to export their goods to us tax-free,
Some countries have tried limiting the reach of Hollywood entertainment through screen quotas and other devices. On the whole, those have not been successful. But this time they could invoke stricter measures,
But it is surprising he doesn’t look at the whole picture and at the ways in which his policies put services at risk. Plus, cutting research undermines advanced manufacturing. His whole team underestimates services,
The US has a strong comparative advantage in several major service industries: education, health, finance, law, accounting, entertainment. That explains the trade surplus,
said Gary Huffbauer, nonresident senior fellow at the Peterson Institute for International Economics He was the same way in his first term, underemphasising services, despite the fact that he spent his career in services,
said Ziemba, referring to Trump’s real estate, tourism and entertainment ventures, all of which come under services
