Trump aides draft proposal for at least 20% tariffs on most imports to US, Washington Post reports

It’s natural for people to expect higher prices because we haven’t seen a trade war like this since McKinley,

said Art Hogan, chief market strategist at B. Riley Wealth Management

Trump, tariffs, massive uncertainty—how can you do business planning with all of this uncertainty and the daily changes in direction made by the Trump administration?”

one computer and electronic manufacturer told the Federal Reserve Bank of Dallas in a survey released Monday

Tariffs! We need to make decisions, but the ball is constantly moving. This is truly ridiculous,

the manufacturing executive wrote

I wouldn’t be surprised if the average person didn’t notice tariffs during Trump’s first term in their day-to-day lives,

said York, the Tax Foundation executive

We’ve never seen anything like this. It’s unprecedented and radical,

said Erica York, vice president of federal tax policy at the Tax Foundation, a right-leaning think tank

Karoline Leavittwhite House press secretary

The president will be announcing a tariff plan that will roll back the unfair trade practices that have been ripping off our country for decades. He’s doing this in the best interest of the American worker,

White House press secretary Karoline Leavitt told reporters on Monday

Tariff uncertainty has put an unexpected stranglehold on markets,

Anthony Saglimbene, Ameriprise’s chief market strategist, wrote in a report Monday

We will learn a very hard lesson very fast and maybe not make the mistake again,

York said

You’d start with all countries, so let’s see what happens,

Trump said Sunday

Does President Donald Trump want a recession? He is going to get one if he continues to pursue his chaotic tariff policies,

Ed Yardeni, president of investment strategy firm Yardeni Research, wrote in a report on Monday

I hear Americans when they say some others have taken advantage of the rules. I agree. We also suffer from it. So let’s work on it,

Von der Leyen said

Let me be clear: Europe did not start this confrontation, we think it is wrong. But my message to you today is that we have everything we need to protect our people and our prosperity,

von der Leyen told a session of the European Parliament on Tuesday

Tariffs are taxes that will be paid by the people,

she added

You're going to see in two days, which is maybe tomorrow night or probably Wednesday." ... We're going to be very nice, relatively speaking, we're going to be very kind."

Asked for details, he told reporters Monday ... But he added