Quotes
China has been hit much harder than the USA, not even close. They, and many other nations, have treated us unsustainably badly. We have been the dumb and helpless 'whipping post' but not any longer,
Trump wrote in a post on Truth Social
For all imported goods originating from the US, an additional tariff of 34 percent on top of the current applicable tariff rate will be imposed,
Beijing's finance ministry saidWe are bringing back jobs and businesses like never before. Already, more than FIVE TRILLION DOLLARS OF INVESTMENT, and rising fast! THIS IS AN ECONOMIC REVOLUTION, AND WE WILL WIN. HANG TOUGH, it won’t be easy, but the end result will be historic. We will, MAKE AMERICA GREAT AGAIN,
he addedIt's revolutionary, in the original sense of the term: he is ready to impose a very high immediate cost in the name of a long-term ideal [reducing the trade deficit and reindustrializing the US],
said Gilles Moëc, chief economist at AXA
Even if it's made in the USA, they will jack up the price and blame it on tariffs,
Cuban said in the post
While tariffs are highly likely to generate at least a temporary rise in inflation, it's also possible the effects will be more persistent,
Powell told the audience at the Society for Advancing Business Editing and Writing conference in Washington
Tariffs are a tax on consumers, and I'm not a fan of jacking up taxes on American consumers,
Senator Ted Cruz of Texas told Fox BusinessTo the many investors coming into the United States and investing massive amounts of money, my policies will never change. This is a great time to get rich—richer than ever before!!!”
In a post on his own social media platform Truth Social, Trump wrote ... in all capsCUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!"
he posted -- once again defying the longstanding White House custom of respecting the central bank's independence
Big business is not worried about the Tariffs, because they know they are here to stay,
he posted
We’re testing to see if the Russians are interested in peace,
Marco Rubio told journalists in Brussels after talks with Nato allies
We’re the largest consumer market in the world, and yet the only thing we export is services, and we need to stop that,
Rubio said
The good scenario is other countries freak out … and in response, other countries come rushing to the White House and say: we want to negotiate a deal and we’re going to dramatically lower our tariffs to US goods,
Cruz said on his Verdict podcastWe continue to see evidence that an already gradually weakening labor market is ill-positioned to withstand new shocks from elevated uncertainty, increased tariff costs, cuts to government spending and employment, and weakening business and consumer sentiment,
said Veronica Clark, an economist at Citigroup
We've essentially got an escalating trade war,
said Jack Ablin of Cresset Capital
Another jolt of fear has shot through markets as China's threat of retaliation has materialized,
said Susannah Streeter, head of money and markets at Hargreaves LansdownWe are well positioned to wait for greater clarity before considering any adjustments to our policy stance,
said PowellSentiment is so fragile right now,
Chris Beauchamp, chief market analyst at online trading platform IG, told AFP
I wouldn’t want to be the last country that tries to negotiate a trade deal with [Donald Trump]. The first to negotiate will win – the last will absolutely lose.”
Trump’s son Eric Trump postedThe big concern is that this is a sign of a sharp escalation of the tariff war which will have major implications for the global economy,
she said