Quotes
Whether it’s lumber tariffs or tariffs on any other import, these can impact the supply chain,
said Nick Erickson, senior director of housing policy for Housing First Minnesota, a trade organization that represents builders, remodelers and other businesses in the North Star State
Consumers are going to be clearly worse off,
Sung Won Sohn, professor of finance and economics at Loyola Marymount University and chief economist at SS Economics, told CNN on SaturdayWhen you talk about a tariff, it’s an economic war; and in war, everybody loses,
he addedInterestingly, 12 of those 16 states begin February with an average retail gasoline price under $3 a gallon,
he said_(cropped).jpg)
The United States has confirmed that it intends to impose 25% tariffs on most Canadian goods, with 10% tariffs on energy, starting February 4. I’ve met with the Premiers and our Cabinet today, and I’ll be speaking with President Sheinbaum of Mexico shortly. We did not want this, but Canada is prepared. I’ll be addressing Canadians later this evening."
Reacting to this development, Canadian Prime Minister Justin Trudeau took to X and said
Mexican cartels are the world’s leading traffickers of fentanyl, meth, and other drugs. These cartels have an alliance with the government of Mexico and endanger the national security and public health of the United States."
It statedAdditionally, illegal border crossings from Canada reached historic new highs every year for the last four fiscal years
the statement readsWe are hopeful a resolution can be quickly reached with our North American neighbors so that crude oil, refined products and petrochemicals are removed from the tariff schedule before consumers feel the impact,
the group said in a statement posted on social media platform X
We categorically reject the White House's slander against the Mexican government of having alliances with criminal organizations, as well as any intention of intervention in our territory,
said Mexico's President Claudia SheinbaumI’m calm, I’ve been saying since yesterday, because I know that Mexico’s economy is very powerful, very strong.”
Mexico President Claudia Sheinbaum, appearing Saturday at an event promoting a government housing program outside Mexico City said
Tariffs are a powerful, proven source of leverage for protecting the national interest,
the White House said
There is growing production of fentanyl in Canada, and enough fentanyl was seized at the northern border last fiscal year to kill 9.8 million Americans,
the White House said in a statement
Tariffs don’t cause inflation, they cause success. They cause big success,
he said
We have stressed that steep tariff increases against U.S. trading partners could create a stagflationary shock - a negative economic hit combined with an inflationary impulse - while also triggering financial market volatility,
Daco wrote on Saturday
President Trump probably thinks Canada will cave in
The former governor of the Bank of England said
Tariffs drive up the cost of goods domestically by increasing production costs and reducing competition
He saidWe're working hard to prevent these tariffs, but if the United States moves ahead, Canada's ready with a forceful and immediate response,
he posted on social media
He's now acting like his deal caused a disaster needing an emergency fix,
said Derek Scissors, a senior fellow at the American Enterprise InstituteFentanyl shipments across the Canadian border are tiny,
he addedIt's a pure economic — we have big deficits with, as you know, with all three of them,
Trump said