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US in fastest crash since Covid as Trump tariffs trigger huge red flag

Quotes

    • 88:88
      Tariffs are not just about protecting American jobs, they’re about protecting the soul of our country,
      CNN
      he said
    • 88:88
      What has never happened is tariffs being used, as Trump did (this week), as a hammer to get other countries to halt the flow of illegal immigrants or fentanyl,
      CNN
      Alan Wolff, senior fellow at the Peterson Institute for International Economics and former deputy director-general of the World Trade Organization, told CNN
    • 88:88
      Tariffs are a valid, and often useful, industrial policy tool that can provide narrow and targeted protection for key sectors,
      CNN
      they noted
    • 88:88
      There’s a reason these policy tools exist,
      CNN
      Claudia Sahm, chief economist at New Century Advisors, said in an interview
    • 88:88
      A trade war produces no winners,
      CNN
      Porter told CNN
    • 88:88
      So, say a country is just mass producing and dumping large quantities of goods into another country,
      CNN
      she said
    • 88:88
      It’s been a wakeup call for Canadians that we need to figure out a way to be not as dependent,
      CNN
      he said
    • 88:88
      We’ve gone through this before with the Russian invasion of Ukraine,
      CNN
      Lamb said
    • 88:88
      We essentially are not competitive in the US anymore, so our business model in the US is gone,
      CNN
      Walji said in an interview
    • 88:88
      There are a lot of people that are passionate,
      CNN
      Lamb said
    • 88:88
      He wants the US to flex their muscle,
      CNN
      said Walji, a partner in AI Industries, a steel fabricating plant in western Canada
    • 88:88
      We’ve been together for a long time,
      CNN
      Lamb said
    • 88:88
      We’ve got to find other markets, otherwise they lose their jobs,
      CNN
      Walji said of his 100 workers
    • 88:88
      If you watch for eight hours, you’ll see on average we’ve got 10 ships arriving and 10 ships leaving,
      CNN
      said Peter Xotta, the CEO of the Port of Vancouver
    • 88:88
      The economic activity here is very dependent on north-south trade,
      CNN
      he said
    • 88:88
      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,
      Aljazeera
      she said
    • 88:88
      Even 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,
      Aljazeera
      she added
    • 88:88
      Retaliation here isn’t just about tit-for-tat tariffs. It’s about defending the country’s independence,
      Aljazeera
      Nadjibulla said
    • 88:88
      It’s an existential fight for Canada’s sovereignty, so there’s a strong incentive to push back immediately and forcefully,
      Aljazeera
      she said
    • 88:88
      In 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,
      Aljazeera
      Nadjibulla said, referring to Trump’s repeated threats to absorb Canada