Quotes
McDonald’s tried to bring in French fries and they wouldn’t let them take the French fries because they couldn’t prove the origin, now that is called non-tariff trade barrier.”
Sharing an example of the kind of non-tariff barriers faced by the US companies while taking their business in foreign countries, Lutnick said
He (Trump) is not backing off. But countries can fix their tariffs, their non-tariff trade barriers which are much much rougher.”
When asked if there was any room for negotiation at all, he saidTrump’s risible rhetoric about the economic power of tariffs is, like his trade strategy, detached from reality,
Lincicome said
This is a game changer, not only for the US economy but for the global economy,
said Olu Sonola, head of US economic research at Fitch Ratings.jpg)
We’ve got the whole periodic table, just about, in this country. That’s a good thing,
Albanese said, confirming the governmentI think the world ‘reciprocal’ can now be laid to rest. It’s a complete misnomer,
she told the Brookings eventThis is the single biggest trade action of our lifetime,
she told a Brookings Institution event in Washington.jpg)
We believe in international co-operation,
said Canadian Prime Minister Mark Carney, a transplant from the world of central banking who is also in an election campaignIf you retaliate, that’s how you get escalation.”
US Treasury Secretary Scott Bessent warned in a CNN interviewNever forget, every prediction our opponents made about trade for the last 30 years has been proven totally wrong,
Trump saidFor decades our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike,
he saidIt was the largest tax hike on families since World War II,
he saidTrump has driven his friends into the arms of his enemies at a time when you’re trying to peel them away from China,
he saidThe European Union, and China, they have already vowed to retaliate. At what point would the administration consider pulling back on tariffs, especially on those 10% across-the-board tariffs? Where's the room for negotiation?"
asked Brown
Trust a guy who has gone bankrupt six times... including twice with casinos? Good luck, ... Six times bankrupt...but let's let him run the global economy."
a critic quipped, with another piling onI wouldn't trust Trump to run a piggy bank,
one user saidLet Donald Trump run the global economy. He knows what he's doing. He's been talking about it for 35 years,
Lutnick said on CNN following the market's sharp declineIsn't Trump the guy who bankrupted a casino?"
another askedI don’t think there’s any chance they’re going to — that President Trump’s going to back off his tariffs. This is the reordering of global trade, right? That’s what’s going to happen,
Lutnick said
What I hear from you is that there isn’t room for negotiation. Is that right?”
she asked