Quotes
We believe the financial impact of the tariff alone will be manageable for most [European] automakers, but the tariffs add to what is an already challenging market environment for 2025,
said Lukas Paul, auto director at S&P Global Ratings The worst-case impact of a 25 percent tariff on finished cars from Mexico could be up to 15 percent operating profit,
They won’t be completely exposed … but it makes things harder,
he said, especially when coupled with the various headwinds already buffeting the sector One action President Trump could take out of the gates is to test whether China really meant what it said by bringing an enforcement action,
The benefit of Section 338 from Trump’s perspective is that, unlike Section 301 and Section 232, it does not require a lengthy investigation before tariffs can be imposed,
To me, that’s quite plausible, because that’s just kind of a down payment on where they’re headed,
The big question, though, is to what extent 338 is still valid law,
That’s kind of the best of all worlds for Trump World,
But for someone like (Commerce secretary nominee Howard) Lutnick, who has said repeatedly that he loves using tariffs as threats, this is gold because it is so broad and ambiguous,
Unfortunately, the hard-fought Phase One deal was disrupted by some combination of Covid, the Biden Administration’s disinterest, and China’s unwillingness to follow through,
Clete Willems, a former Trump administration official, said in an email To the contrary, China continues to retaliate against the U.S. for other ongoing actions on economic security,
Guys like me will scream bloody murder, but it doesn’t really do much except then give Trump this kind of loaded weapon to run around the world,
In this respect, this is also an opportunity for us to do the right thing,
I think Donald Trump is very predictable,
Merz said at a press conference at a retreat of European People’s Party (EPP) leadership in Berlin No matter what the next German government wants to do, it must do it in a European way,
Everything is on the table,
the prime minister said after gathering with his provincial counterparts in Ottawa For every tariff, there will be a response in kind,
Anything an American president does to hurt the Canadian economy will also hurt American consumers and American workers and American growth,
he told CNN’s Jake Tapper As one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders,
he announced on Truth Social in November I emphasized the mutual importance of the U.S.-Canadian energy relationship, and specifically, how hundreds of thousands of American jobs are supported by energy exports from Alberta,