Quotes
This is a self-inflicted wound to the American economy. I'd expect inflation over the next three or four months to be higher as a consequence, because the price level has to go up when you put a levy on goods that people are buying."
Larry Summers, treasury secretary under former President Bill Clinton, told CNN on Sunday President Trump is positioning America to be safe and successful again. Today, he is holding Mexico, Canada, and China accountable for their role in the flow of illegal immigrants and illicit drugs across our borders. These countries are now on notice to work quickly to stop the madness. This is long overdue."
House Speaker Mike Johnson wrote in a Saturday post on X None of this is supposed to happen under the U.S.-Mexico-Canada trade agreement that Mr. Trump negotiated and signed in his first term. The U.S. willingness to ignore its treaty obligations, even with friends, won't make other countries eager to do deals. Maybe Mr. Trump will claim victory and pull back if he wins some token concessions. But if a North American trade war persists, it will qualify as one of the dumbest in history."
The Wall Street Journal editorial board in a Friday opinion piece Anybody that’s against Tariffs, including the Fake News Wall Street Journal, and Hedge Funds, is only against them because these people or entities are controlled by China, or other foreign or domestic companies,
Trump wrote in a Truth Social post It will be paid for by American consumers. I mean, why would you want to get in a fight with your allies over this
Republican Senator Mitch McConnell said in an interview on CBS's 60 Minutes Economically speaking, escalating trade tensions are a lose-lose situation for all countries involved,
the analysts wrote in a note on Sunday It's hard to know what more we can do, but we're obviously open to any other suggestions that come our way,
Canada's ambassador to the United States Kirsten Hillman told ABC News on Sunday Therefore, Canada should become our Cherished 51st State,
he said, reiterating the expansionist threat against one of his country's closest allies We’re really disappointed” and “perplexed” by Trump’s actions
Kirsten Hillman, the Canadian ambassador to the U.S., told ABC’s “This Week” show The more it appeals to tariffs, the stronger the incentive for other countries to reduce their economic and financial dependence on the US and accelerate the fragmentation of an international economic order that has historically served America well,
The self-inflicted supply shock is a strategic gift to Xi Jinping.”
In a series of posts on X, Summers said President Trump continues to demonstrate his commitment to ensuring U.S. trade policy serves the national interest,
I don't expect anything dramatic,
Trump told reporters as he returned to Washington from his Mar-a-Lago estate in Florida We may have short term some little pain, and people understand that. But long term, the United States has been ripped off by virtually every country in the world,
South Africa is confiscating land, and treating certain classes of people VERY BADLY,
Trump said in a post on his Truth Social platform The United States won't stand for it, we will act. Also, I will be cutting off all future funding to South Africa until a full investigation of this situation has been completed!"
Canada has been very abusive of the United States for many years. They don't allow our banks,
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,
Jason Miller, a professor of supply chain management at Michigan State University, said I think Canadians are a little perplexed as to why our closest friends and neighbours are choosing to target us instead of so many other challenging parts of the world,
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,
Carl Harris, chairman of the association, said in a statement on Saturday
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