Quotes
Our country is absolutely ready to respond to any one of these scenarios,
Canadian Finance Minister Dominic LeBlanc said on Monday
Used appropriately, it can be constructive.”
One of his fellow CEOs, Goldman Sachs boss David Solomon, had a similar take, telling the broadcaster.jpg)
We have always believed that there are no winners in a trade war or a tariff war,
foreign ministry spokesperson Mao Ning said in a daily briefing when asked about Mr Trump’s threatRegarding the decrees that President Donald Trump signed yesterday, I would like to say the following: The people of Mexico can be sure that we will always defend our sovereignty and our independence,
she said in remarks on TuesdayIt’s always important to have a cool head,
she added, suggesting Mexico will respond “step by step” to U.S. tariffs
If it's a little inflationary, but it's good for national security, so be it. I mean, get over it,
Dimon told CNBC's Andrew Ross Sorkin during an interview at the World Economic Forum in Davos, Switzerland
I look at tariffs, they're an economic tool, That's it,
Dimon saidI think it turns into a rebalancing of certain trade agreements over time. I think that rebalancing can be constructive for U.S. growth if it's handled right,
Solomon saidTariffs can change the dollar, but the most important thing is growth,
Dimon saidThe first few hours of Trump administration has underscored that policy environment will be dynamic once again and markets should brace for volatility
Charu Chanana, chief investment strategist at Saxo, said
It's Trump's world and we are all just living in it - and the markets are going to have to get used to that again
Kyle Rodda, senior markets analyst at Capital.com, addedWhile there was no immediate tariff imposed on China, providing some relief to the market, President Trump has initiated tariffs on Canada and Mexico
Kiyong Seong, lead Asia macro strategist at Societe Generale, said
I'll say one positive surprise we may see this year is actually some sort of resolution between U.S. and China from an economic point of view, not a strategic point of view
Andrew Swan, portfolio manager at Man GLG., saidMarkets will clearly try to anticipate and dissect which sectors and areas will be targeted by tariffs so the volatility on markets will come from that.
Amelie Derambure, senior multi-asset manager at French firm Amundi, addedThe approach will be chaotic, unpredictable, spur of the moment and driven by Trump himself,
said Russel Matthews, senior portfolio manager, global macro at RBC BlueBay Asset Management
That support may, however, prove rather short-lived as things can – as we learned yesterday with Canada and Mexico – change abruptly on protectionism, and the euro remains generally unappealing from a number of macro fundamentals,
he said
Something that I've been saying for a while, inflation is much more sticky than we have been saying,
he told CNBC's Andrew Ross SorkinI don't think I should give any advice to the U.S., but if you look at the risk to financial markets, I think inflation is for sure one, all driven by tariffs,
the CEO of Norges Bank Investment Management told CNBC at the World Economic Forum in DavosMany of the suggestions now coming out of the U.S. are potentially inflationary. They could cause more inflation. There could be less labor supply, there could be more tariffs — all of these things are driving inflation, and so it's not a given that inflation will come down,
he saidWe may. But we're not ready for that yet,
Trump said