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Trump’s Tariffs Would Reverse Decades of Integration Between U.S. and Mexico

Quotes

    • 88:88
      Tariffs on lumber and other building materials increase the cost of construction and discourage new development, and consumers end up paying for the tariffs in the form of higher home prices,
      Brisbane Times
      Carl Harris, chairman of the association, said in a statement on Saturday
    • 88:88
      Jason Miller (playwright)
      Because of the combination of these three countries, it’s going to be difficult to go down an aisle of a grocery store and not see some sort of inflationary effect,
      Brisbane Times
      Jason Miller, a professor of supply chain management at Michigan State University, said
    • 88:88
      Jason Miller (playwright)
      There’s just a lot more complexity to understanding increases in prices that consumers could eventually see,
      Brisbane Times
      Miller said
    • 88:88
      Automobiles account for more than half of Korea’s trade surplus with the U.S., and chances are that Trump will impose countervailing duties of at least 10 percent to 20 percent against countries with strong trade surpluses with the U.S.,
      The Korea Times
      said Kim Pil-soo, an automotive technology professor at Daelim University College
    • 88:88
      There are no clear breakthroughs other than establishing more factories there, as Trump continues to step up negative rhetoric against any countries generating huge trade surpluses with the U.S.,
      The Korea Times
      said Kim Dae-jong, a professor of business administration at Sejong University
    • 88:88
      When companies are slapped with the increased tariffs, they will end up losing their price competitiveness and market share there,
      The Korea Times
      an official from a conglomerate said
    • 88:88
      Trump is widely expected to continue increasing pressure on any countries reporting a high level of trade surplus with the U.S., so Korea needs to send repeated gestures to increase imports from the U.S.,
      The Korea Times
      the expert said
    • 88:88
      It is realistically tough for companies to diversify their export channels in a short period of time, so the Korean government and the Assembly should stop their unnecessary tit-for-tat (exchanges) and take action to respond to Trump’s pressure despite the ongoing leadership vacuum caused by the impeachment of President Yoon Suk Yeol,
      The Korea Times
      he said
    • 88:88
      It’s not like everyone will mark up their shelves tomorrow, and then it’s done,
      CNN
      said Lovely
    • 88:88
      The administration is playing with fire,
      CNN
      said Joe Brusuelas, chief economist at RSM
    • 88:88
      The Dumbest Trade War in History.”
      CNN
      The Wall Street Journal went a step further, publishing a scathing op-ed on Saturday titled
    • 88:88
      This may be the biggest own-goal yet,
      CNN
      Mary Lovely, senior fellow at the Peterson Institute for International Economics, told CNN in a phone interview
    • 88:88
      Greg Daco
      Steep tariff increases against US trading partners could create a stagflationary shock—a negative economic hit combined with an inflationary impulse—while also triggering financial market volatility,
      CNN
      Daco wrote in a report on Friday
    • 88:88
      Greg Daco
      If tariffs drive inflation expectations higher, the Fed may feel pressured to keep rates restrictive for longer, tightening financial conditions and weighing on growth momentum,
      CNN
      Daco said in the new report
    • 88:88
      To impose tariffs as high as 25% on our closest trading partners risks decimating the North American economic powerhouse—which the US relies on. Why would you want to burn your own house down
      CNN
      said Christine McDaniel, a former trade official in President George W. Bush’s administration who is now a senior research fellow at George Mason University’s Mercatus Center
    • 88:88
      Whether it’s lumber tariffs or tariffs on any other import, these can impact the supply chain,
      CNN
      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
    • 88:88
      Consumers are going to be clearly worse off,
      CNN
      Sung Won Sohn, professor of finance and economics at Loyola Marymount University and chief economist at SS Economics, told CNN on Saturday
    • 88:88
      When you talk about a tariff, it’s an economic war; and in war, everybody loses,
      CNN
      he added
    • 88:88
      Interestingly, 12 of those 16 states begin February with an average retail gasoline price under $3 a gallon,
      CNN
      he said
    • 88:88
      Widespread use of import tariffs could lead to stronger US inflation, placing further pressure on an already fragile US consumer, especially at the low-income end,
      CNBC
      Sarwat said