Quotes
What’s going to happen on April 2 — each country will receive a number that we believe that represents their tariffs,
Mr. Bessent said in an interview on Fox Business on Tuesday morning
President Trump, as only he can do, has created a win-win situation,
he saidIn response to U.S. tariffs, its trading partners will not sit idly by,
the nationalist Chinese tabloid Global Times wrote in an editorial on Tuesday
Many countries are actively seeking to diversify their economic partnerships and reduce their reliance on the U.S. by forging new trade alliances,
Global Times said
But as April comes along, markets will see that the reciprocal trade policy makes a great deal of sense,
Hassett added
Between now and April 2, there'll be some uncertainty,
Hassett told CNBC, referring to the date when Trump saidHigher trade barriers in several G20 economies and increased geopolitical and policy uncertainty" are weighing on sentiment
the OECD said MondayWe are going to go to them and say, 'Look, here's where we think the tariff levels are, non-tariff barriers, currency manipulation, unfair funding, labor suppression, and if you will stop this, we will not put up the tariff wall,
Bessent said of trading partners
.jpg)
There's growing concern that tariffs could have a lasting and unknowable impact on the economy, regardless of whether they're walked back soon or not,
said John Gerzema, CEO of Harris Poll
Right now, I'm a little angry. I don't want to invest in American companies,
Joanna Goodman, owner of Au Lit Fine Linens, a Toronto-based bedding and nightwear company, told the BBC on MondayBuilders continue to face elevated building material costs that are exacerbated by tariff issues, as well as other supply-side challenges that include labor and lot shortages,
said Buddy Hughes, chairman of the associationIt's about having your eggs in one basket. And right now, that basket is very reckless and very precarious,
Goodman said, referring to Canada's long-time economic dependence on the United StatesNobody wants to go public, ... because they’re concerned about the consequences.”
he saidI don’t say that because I’m a Democratic governor and he’s a Republican president. I say that because it’s his decision and his decision alone that’s harming our American families,
Beshear told CNN
The best pro-growth response to foreign trade barriers is to negotiate enforceable trade agreements to eliminate tariffs and other trade barriers, open foreign markets, and guarantee reciprocity,
they said in their own submitted remarksThe growth of our industry is very, very intertwined,
Chris Swonger, president & CEO of the Distilled Spirits Council of the United States, told Morning TradeWe have American companies that may own Canadian whiskey or a tequila, or an Irish Whiskey or a Cognac. So those American companies could be getting hit from all sides.”
He addedTo protect America’s AI edge, it is critical that your administration’s AI Action Plan include a robust international engagement strategy that ensures foreign markets are open to American AI,
the groups wrote in a letter sent to the president and obtained by Morning Trade, signed by the National Foreign Trade Council and the U.S. Council for International Business, among othersIf the announced trade policy actions persist, as assumed in the projections, the new bilateral tariff rates will raise revenues for the governments imposing them but will be a drag on global activity, incomes and regular tax revenues,
the OECD said
Most Americans are of the sentiment that ‘this too shall pass’,
said John Gerzema, CEO of Harris Poll