Quotes
I think it's going very well. We have an operation, like when a patient gets operated on, and it's a big thing. I said this would exactly be the way it is,
he said, an apparent reference to the selloff
Taxpayers have been ripped off for more than 50 years. But it is not going to happen anymore.”
Trump, who has dubbed the announcement on April 2 as 'Liberation Day', saidThe simultaneous decline in both stocks and the US dollar speaks volumes about investor confidence in Trump's trade policy,
said City Index and FOREX.com analyst Fawad Razaqzada
The president made it clear yesterday this is not a negotiation,
she said on CNN_2013.jpg)
Markets, unsurprisingly, have reacted badly,
noted Richard Carter, head of fixed interest research at wealth manager QuilterThis would suggest the Federal Reserve will need to put additional rate cuts on the table to look to prevent recession being triggered, but should it face inflation rising too, it is in somewhat of a bind,
Carter addedA recession over the next 12 months looks more likely than it looked at the start of the year, but we still think the economy will most likely expand in 2025, and 2026 in particular, because it looks likely that the administration will use tax revenues from tariffs to partially fund broader tax cuts that will come into effect next year,
Adams says
Higher tariffs will likely cause 3% to 5% more inflation over the next year and a half than the U.S. would have had without them,
says Bill Adams, chief economist for Comerica BankWe would expect tariffs to be reduced from the levels announced by the President,
Mark Haefele, chief investment officer at UBS Global Wealth Management, wrote in a recent noteI don't think there's any chance,
he said in a CNN interviewIn a weakening economy in general, consumers are going to be very sensitive to price changes,
he saidThe markets are going to boom," and "the country is going to boom,
Trump said
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I know we're hearing from countries that are kind of complaining about what's happening, but I have a chart,
Agriculture Secretary Brooke Rollins told reporters Thursday afternoon at the White HouseI think the impact on consumers is going to be very, very high,
a former trade official from the first Trump administration said.jpg)
What would the message be of having big European players that invest billions in the American economy at the same time they are hitting us?”
Macron saidChina firmly opposes this and will take countermeasures to safeguard its own rights and interests,
a statement from the nation's Commerce Ministry readsI think it's going very well,
Trump said, according to a pool report