Quotes
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I wouldn’t say it’s in our interest,
Peskov said
While plenty of uncertainty remains over the finer points of Wednesday afternoon’s tariff announcement, markets have heard enough to brace for impact on global trade,
wrote Matthew Graham, chief operating officer at Mortgage News DailyBy invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress’s right to control tariffs, and upset the Constitution’s separation of powers,
Andrew Morris, the group’s senior litigation counsel, said in a statement announcing the lawsuit, which was filed on behalf of Florida-based retailer SimplifiedYou don’t correct trade imbalances by putting tariffs in place,
Macron said, speaking in French, at a meeting with representatives from sectors affected by the decisionThe world economy is in turmoil right now,
he addedSale prices are up 3.4% year over year, and the weekly average mortgage rate is 6.65%, near its lowest level since December but more than double pandemic-era lows,
according to the reportWe have a situation with TikTok where China will probably say, ‘We’ll approve a deal, but will you do something on the tariff?’ The tariffs give us great power to negotiate,
Trump saidThe economic pain that will be brought by these tariffs are hard to describe and can essentially take the U.S. tech industry back a decade in the process while China steamrolls ahead,
said Ives
The cost of labor is unrealistic in the U.S. to ever have semi fabs at scale,
said Ives, referring to semiconductor fabrication plantsThe concept of taking the U.S. back to the 1980's 'manufacturing days' with these tariffs is a bad science experiment that in the process will cause an economic Armageddon in our view and crush the tech trade, AI Revolution theme and overall industry in the process,
Ives wrote in a client note on FridayThe trade war escalated, recession fears rise and consequently oil demand growth is to take a sizeable hit,
said Tamas Varga, analyst at PVM
Stargate was already unlikely to get to that scale even before these things happened. Given the shock to the economy that these tariffs represent, it is highly unlikely that such a risky endeavor will be able to raise anywhere near that number in terms of debt financings,
Luria said
The tariffs are likely to create demand destruction, which means cutbacks on software and cloud spending. Alphabet will see a double whammy with digital advertising also cut back in a tougher economic environment – with Meta META.O also hit,
said Ben Barringer, global technology analyst at Quilter Cheviot
There's no doubt that the equipment that goes into data centers will become significantly more expensive ... Microsoft has already started articulating a more balanced, cautious approach to their data center build-out, and to some extent Amazon as well,
said DA Davidson analyst Gil LuriaCapital expenditure by tech giants will get reshuffled: Expect major players in AI infrastructure and consumer tech to reallocate short-term spending away from expansion and toward procurement hedging or sourcing shifts,
said Abhishek Singh, partner at research firm Everest GroupApple is going to spend $500 billion, they never spent money like that here,
Trump said
We're in a global race in AI,
Gerstner saidThe growth and the demand for GPUs is off the charts,
he told CNBC's "Fast Money Halftime Report," referring to Nvidia's graphics processing units that are powering the artificial intelligence boom
We are monitoring the situation and don't have anything more to add than that,
Cook told analysts on an earnings call in JanuaryThe reality is it would take 3 years and $30 billion dollars in our estimation to move even 10% of its supply chain from Asia to the US with major disruption in the process,
Wedbush analyst Dan Ives wrote in a Thursday note