Quotes
For purposes of this United States Policy, we will consider Countries that use the VAT [value-added tax] System, which is far more punitive than a Tariff, to be similar to that of a Tariff,
This System will immediately bring Fairness and Prosperity back into the previously complex and unfair System of Trade,
Likewise, provisions will be made for Nonmonetary Tariffs and Trade Barriers that some Countries charge in order to keep our product out of their domain or, if they do not even let U.S. businesses operate,
They can build a factory here, a plant or whatever it may be, here,
Trump said Thursday afternoon from the Oval Office We have not seen any details at this time. Ford, GM and Stellantis continue to believe that vehicles and auto parts that meet the USMCA requirements should not be subject to additional tariffs,
said Matt Blunt, president of the American Automotive Policy Council, which represents the interests of Ford, General Motors and Stellantis The fact is, you don’t have free trade. We think of it as free trade, but you right now don’t have free trade,
Long-term it’s going to make our country a fortune,
Prices could go up short term, but prices will also go down.”
He denied the tariffs would lead to further inlation and told reporters We’re going to make America rich again.”
On trade, I have decided for purposes of fairness, that I will charge a reciprocal tariff, meaning whatever countries charge the United States of America, we will charge them. No more, no less,
Trump told reporters in the Oval Office It's a relief that the administration isn't rushing to impose new tariffs, and we welcome the president taking a more nuanced, interagency approach,
said Tiffany Smith, vice president for global trade at the National Foreign Trade Council They effectively don't let us do business. So we're going to put a number on that that is a fair number. We're able to accurately determine the cost of these non-monetary trade barriers,
I’ve decided, for purposes of fairness, that I will charge a reciprocal tariff, ... In almost all cases, they’re charging us vastly more than we charge them but those days are over.”
Trump told reporters, adding This is beyond negotiation. It's to be taken very seriously,
said Josh Lipsky, director of the Atlantic Council's GeoEconomics Center and a former adviser to the International Monetary Fund who also served in the Obama White House I do think every country has been put on notice. And if you were going to implement reciprocal tariffs on the scale he's talking about, this is actually how you would go about it,
We applaud President Trump’s idea to look at all vehicle imports to the U.S., an important step forward,
Ford Motor Co Chief Executive Jim Farley said on X after Trump's remarks Trump is using these tariffs as a punishment tool. There’s no relation between tariffs and illegal immigration, but he’s using it so (neighbouring countries) will be more vigilant in their border control and in the export of drugs.”
Prof Loh, who is director of the Centre for Governance and Sustainability, noted With the pull-back by the US, it’s only natural for China, as the next biggest economy, to step in to fill the void of global trade leadership. In fact, with all the protectionism, the US will lose the moral authority to shape world trade or even the global economy.”
If investments decline, job opportunities will decline. We are importing a lot of consumer goods and industrial goods from the US, and costs will increase and our businesses will suffer as their profits will be lower,
Soon after COVID was Russia’s invasion of Ukraine, and sanctions were placed on companies (with ties to Russia) to a greater extent than ever before. The impact of those events in February 2022 were profound in terms of cutting off an entire market for many organisations,
