Quotes
What I can tell you is that this is a very definitive moment for Mexico. … There is not going to be submission. Mexico is a great country, and Mexicans are brave and resistant,
she said
Retaliation here isn’t just about tit-for-tat tariffs. It’s about defending the country’s independence,
Nadjibulla saidEven if some tariffs get lifted or eased, the bigger issue is that Canada and others now view the US as a less reliable trade partner,
she addedIn Canada’s case, Trudeau noted that Trump’s actions are aimed at crippling the Canadian economy to pave the way for an eventual annexation, which goes beyond a mere trade war,
Nadjibulla said, referring to Trump’s repeated threats to absorb CanadaHow do you negotiate a stable agreement when one party is consistently changing the rules or imposing new tariffs without warning?”
Nadjibulla askedWe’ve seen him threaten new tariffs in April and continue to shift targets. That level of unpredictability erodes confidence among allies and trading partners,
she saidIt’s an existential fight for Canada’s sovereignty, so there’s a strong incentive to push back immediately and forcefully,
she saidThere is great uncertainty about future business activity due to the risk of tariffs and other potential government actions,
one firm in the agriculture, forestry, fishing and hunting space said in the ISM survey
It feels like the economy is gagging on the uncertainty. And the longer the uncertainty hangs around, the more likely the economy is going to start choking,
Mark Zandi, chief economist at Moody’s Analytics, told CNN’s Kate Bolduan earlier this week, referring to not just trade uncertainty but that over taxes, immigration and federal budget cutsTariffs are going to have a ripple down effect that could severely harm our business,
one information sector firm saidIt’s frustrating and stressful,
Trevor Frampton, who owns a feed and pet supply store in Santa Rosa, California, said of the back-and-forth nature of the tariff threats
Our data, combined with other recent indicators, suggests a hiring hesitancy among employers as they assess the economic climate ahead,
Nela Richardson, chief economist at ADP, said in the reportHaving invested millions in a plant to manufacture the Q5 in Mexico, primarily for the U.S., just one decade ago, that facility all of a sudden looks like a white elephant investment,
said Matthias Schmidt, a European auto analyst
Shout out to the Department of Energy funding for this,
said Assemblymember Pilar Schiavo
For EVs in the U.S., this is somewhere between problematic and a disaster,
said Dan Sperling, a former California Air Resources Board member and director of the Institute for Transportation Studies at the University of California, DavisYou’re going to disproportionately increase the cost of EVs, and now you take away the incentives,
Sperling saidThe reality is that a month is nowhere near enough time for automakers to relocate factories or reconfigure supply chains,
said Jessica Caldwell, an auto market analyst for EdmundsThe Department of Energy is funding a lot of these innovations, and they’ve been doing it through the federal labs,
he saidIf gas prices are higher, that might actually work in favor of people wanting to buy more electric vehicles to reduce their fuel costs,
he said
Leaving this agreement or allowing it to expire will have a very damaging impact on millions of American workers and families,
Brady said