Quotes
If you tax our goods, we'll tax yours. If you don't open your market, neither will we."
FOR United States President Donald Trump, reciprocity means The market has spoken" in rejecting Trump's tariffs
The way in which we calculate the tariffs is using a sophisticated quantitative model that needs to go through a supercomputer to speed up what the tariff rates are. I do not think that that's what they have done."
Pau Pujolas, professor of economics at McMaster University, previously told Newsweek The formula published by the Office of the U.S. Trade Representative has two additional terms in the denominator that just so happen to cancel out: (1) the elasticity of import demand with respect to import prices, ε, and (2) the elasticity of import prices with respect to tariffs, φ,
OMG they applied their stupid f***ing formula incorrectly?!?
Polling analyst Nate Silver shared the report on Friday on X, formerly Twitter, and wrote President Trump's Tariff Formula Makes No Economic Sense. It's Also Based on an Error."
The new analysis was titled Big business is not worried about the Tariffs, because they know they are here to stay, but they are focused on the BIG, BEAUTIFUL DEAL, which will SUPERCHARGE our Economy,
Their mistake is that they base the elasticity on the response of retail prices to tariffs, as opposed to import prices as they should have done,
As we work to address the new trading terms with our business partners, we are taking some short-term actions, including a shipment pause in April, as we develop our mid- to longer-term plans,
Every country is calling us. … ... If we would have asked these countries to do us a favor, they would have said no. Now they will do anything for us,
he told reporters on Air Force One This hurts the vulnerable and the poor,
UNCTAD Secretary General Rebeca Grynspan said in a statement The trade and tariff war started by the U.S. against the world is unprovoked and unjustified,
We should avoid launching a policy of counter-tariffs that could be damaging for everyone and especially for us,
This practice of the U.S. is not in line with international trade rules, undermines China's legitimate rights and interests, and is a typical unilateral bullying practice."
The Chinese finance ministry said on Friday THIS IS AN ECONOMIC REVOLUTION, AND WE WILL WIN. HANG TOUGH, it won't be easy, but the end result will be historic. We will, MAKE AMERICA GREAT AGAIN!!!
The price hikes that will happen for Maine families—every time they go to the grocery store, they fill their gas tank, they fill their heating oil tank—if these tariffs go into effect will be so harmful. And as price hikes always do, they will hurt those the most who can afford them the least."
Senator Susan Collins, a Maine Republican, said on the Senate floor Wednesday China is already reaching out to U.S. allies such as Japan, ROK [South Korea] and European countries to explore the alternative global order without U.S. as its leader. The reciprocal tariffs will give these countries a big push toward China to at least prepare alternatives. With the harsh policy of U.S., China suddenly looks much less hostile or evil."
Yun Sun, director of the China Program at the Stimson Center, told Newsweek earlier this week Their [Asian countries'] growing role in the global economy historically has been seen as an important source of their economic development as well as a foundation for stronger ties with the United States. The Trump administration, instead, sees these countries as aggressors and itself as a victim in these relationships."
Scott Kennedy, senior adviser and trustee chair in Chinese Business and Economics at the Center for Strategic and International Studies (CSIS), told Newsweek in an email earlier this week Nebraskans want free trade agreements, not trade animosity."
Representative Don Bacon, a Nebraska Republican, told Newsweek on Friday Already, more than FIVE TRILLION DOLLARS OF INVESTMENT, and rising fast!"
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