CNBC Daily Open: Trump clashes on foreign policy, wields economic threat

U.S.-friendly Asian elites should not assume that U.S. assets will flow from being downsized in Europe to them in Asia,

wrote Adam Garfinkle, former distinguished visiting fellow at Singapore's S. Rajaratnam School of International Studies

Whether the stock market can survive this change remains to be seen. One way or another, tariffs will be a shock for the economy,

Chris Rupkey, chief economist at FWDBONDS, said in a note

Tariffs are actually, we've had a lot of experience with them. They're an act of war, to some degree,

said the Berkshire Hathaway CEO and chair

That is a fluid situation,

Lutnick told the Fox News show "Sunday Morning Futures."

More than 100,000 people died last year due to the distribution of these dangerous and highly addictive POISONS,

he said in his social media post

Millions of people have died over the last two decades,

Trump declared

Drugs are still pouring into our Country from Mexico and Canada at very high and unacceptable levels. A large percentage of these Drugs, much of them in the form of Fentanyl, are made in, and supplied by, China.”

In announcing the new tariffs last week, Trump said ... He made

There are going to be tariffs on Tuesday on Mexico and Canada, ... Exactly what they are, we’re going to leave that for the president and his team to negotiate.”

Lutnick told Fox News’ Maria Bartiromo on “Sunday Morning Futures.”

It’s a holistic approach. There will be tariffs, there will be cuts in regulation, there will be cheaper energy,

said Bessent

We'll see. The Mexican leadership has offered to do that,

Bessent said

If the U.S. insists on its own way, China will take all necessary countermeasures to defend its legitimate rights and interests,

a Ministry of Commerce spokesperson previously told CNBC

Well, we don't know yet because it's path-dependent, but what I can tell you is that I'm not worried about China,

Bessent said

They will eat any tariffs that go on,

Bessent added

David McGuintypublic Safety Minister

We've made some very serious adjustments, investments, improvements on the border, and we spent the entire week for four days of meetings, communicating those results, communicating those improvements to our counterparts here in Washington,

McGuinty told reporters after meeting with Homeland Security Secretary Kristi Noem and border czar Tom Homan

Pressuring, coercion and threat is not the right way to deal with China. Instead, mutual respect is the basic prerequisite,

embassy spokesperson Liu Pengyu said in a statement to Reuters

I do think one very interesting proposal that the Mexican government has made is perhaps matching the US on our China tariffs,

Bessent told Bloomberg Television in an interview

I think it would be a nice gesture if the Canadians did it also so in a way we could have fortress North America from the flood of Chinese imports that's coming out of the most unbalanced economy in the history of modern times,

Bessent said in an interview with Bloomberg TV

We have made a decision, and we'll be announcing it very soon, and it'll be 25 percent, generally speaking, and that'll be on cars, and all of the things."

Trump, asked whether he has decided on a tariff rate for goods from the European Union, replied

Our mission is still to avoid the tariffs, extend the suspension if we need to,

Champagne said

Right out of the gate, I expect that we'll be taking a second look at the USMCA,

Greer said