Quotes
It's tough to make the argument that you should retire if your retirement accounts are getting throttled, which is what is happening right now."
Talking about the Trump administration's efforts to get thousands of federal workers to retire voluntarily, Doocy said
What is your message, President Trump, buying a new car while there are some folks who will see this clip at home and they are struggling with their retirement accounts, down at the moment, uncertainty about work ahead,
Doocy said during an event at the White House promoting Elon Musk's carsAnd we also expect the White House to try to reassure folks who are sitting there looking at their 401(k)s going down and down and down,
Doocy saidUncertainty is the driver around the market's recent selloff. There are growing concerns about potential economic weakness, due in part to tariff impacts."
Rob Haworth, a senior investment strategy director with U.S. Bank Asset Management, in a statementFor longer-term investors, it's important to remember: scary headlines and volatility happen every single year. And the truth is, 2025 is not any different."
Ryan Detrick, chief market strategist at financial services firm Carson Group, told USA TodayPresident Trump, of course, has great job security. He never needs to run for reelection again,
Doocy saidBut these CEOs who are coming to town, including from IBM, HP, and Qualcomm, they all need to go back to their boards and to their shareholders to explain what exactly is going to happen,
he addedTrump's reckless, haphazard approach to tariffs is killing the dream economy he inherited. The tariffs would cost families thousands of dollars if enacted, offsetting any tax cut from the 2017 tax law for the bottom 40 percent of Americans."
Brendan Duke, senior director for Federal Budget Policy at the Center on Budget and Policy Priorities, in a statement shared with Newsweek
I don't think we're going to have a recession. I don't think the outlook looks like we're going to have a recession. And Larry Summers saying there's a 50% probability, I just don't agree with that,
Mnuchin said, referring to recent commentary from another former Treasury head
I don't think anybody should look at what's a natural, healthy correction of these indexes as indicating that the economy's in trouble,
he saidThis is what’s required in my mind to start the process of repairing and restoring the American economy,
Johnson said
It’s hard to want a recession, but I think that’s the only way tariffs would not be inflationary,
said The Liscio Report’s Philippa DunneThe reality is Trump has attached himself to tariffs. He has pushed to the forefront that tariffs increase prices. The cake is baked unless the tariffs go away,
said LincicomeFor anyone who voted for Donald Trump on his promise to lower prices, it’s going to be a shock and potentially infuriating that prices haven’t gone down – and instead, they’ve gone up,
said Scott Lincicome, vice president of general economics at the Cato Institute’s Stiefel Trade Policy CenterThe just announced tariffs on Canadian steel and aluminum are the worst trade policy yet. Increasing the price of key inputs for the US manufacturing industries–who employ 10 million people–is what a U.S. adversary would do,
Summers posted on X TuesdayThe president is in a tight spot, and every tariff (or threatened tariff) makes his position more difficult,
said Simon Johnson, professor of global economics and management at MITTariffs are a tax cut for the American people,
she said during a press briefing,Investors are concerned this will become an own-goal, manufactured economic slowdown,
said Art Hogan, chief market strategist at B. Riley Wealth ManagementSo stop with the tariffs, it’s the leverage that we need to protect ― ... He needs to stop the tariffs.”
said Pirro, before Tarlov interjected
I’ll test your knowledge on economics, Jesse. Are tariffs a tax on the American consumer?”
Tarlov asked