Quotes
The prospect of having a long and protracted trade spat between the world's two biggest economies is causing investors to take risk off the table today,
said Tim Waterer, chief market analyst at financial services firm KCM Trade Repeated use of tariffs would incentivize other countries to reduce reliance on the US, weakening the dollar's global role,
We should give the right signal for the world, as well as to our own industry,
Pandey added, ... saying the We don't want to give anybody any signal that we would like to be protectionist,
Finance Secretary Tuhin Kanta Pandey told Reuters I don't expect anything dramatic,
Trump told reporters as he returned to Washington from his Mar-a-Lago estate in Florida We may have short term some little pain, and people understand that. But long term, the United States has been ripped off by virtually every country in the world,
During Trump’s first term in office, tariffs and trade tensions brought attention to the more general topic of the advantages but also disadvantages of globalisation,
said ING analysts led by Inga Fechner We’ll see what happens,
the US president replied when asked by reporters what countries would be next to be targeted by tariffs This wasn't a shock -- it's been telegraphed for weeks -- but investors will still feel the jolt as markets adjust to a move almost universally seen as damaging to global growth and financial stability,
said Stephen Innes at SPI Asset Management We suspect the path of least resistance for now is for Asian currencies and risk assets to weaken, together with a greater risk premia to account for future meaningful tariff moves beyond what we have seen,
The tariff action announced today makes clear that our friends, neighbors and Free Trade Agreement partners are in the line of fire,
said Wendy Cutler, vice president at the Asia Society Policy Institute and a former US trade negotiator Tariffs are a powerful, proven source of leverage for protecting the national interest,
For US manufacturers, when they import intermediate materials or products from China, the costs of those products will increase, and the price increase will be transmitted along the layers of the supply chain. US consumers could face price inflation on certain products of over 10 percent,
The unilateral imposition of tariffs by the US seriously violates the rules of the WTO. We urge the US to objectively and rationally view and handle its own fentanyl and other issues, rather than resorting to tariff threats against other countries,
the ministry said in a statement This will be the golden age of America,
he posted in all caps on his Truth Social account The move today is an opening salvo on the tariff front,
There is no justification whatsoever for these [Trump’s] tariffs or this treatment,
We're going to stand up for what's right."
As trade barriers, tariffs can also cause domestic industries to become less competitive,
China urges the US to correct its wrong practices, maintain the hard-won progress of China-US drug control cooperation, and promote stable, healthy and sustainable development of China-US relations,
the Foreign Ministry said in the statement
