Quotes
This would have a really bad effect on the economic outcome of workers and households and businesses,
he said
The combination of big increase in taxes and the tariffs would increase the prices of these imported goods that households face [and] would mean that households would very likely see negative income growth… That alone would risk a recession in the US,
he saidWe hope the United States will correct its wrong practice and take necessary measures to create a fair and predictable policy environment for the development of cross-border e-commerce and delivery,
the association said
The Trump tariffs mark a liberation from the benefits of free trade for American businesses and consumers,
said Eswar Prasad, professor of trade policy at Cornell University, and a former official at the International Monetary Fund
These tariff increases are likely to be some of the biggest tax increases in US history and will result (if fully implemented) in some of the highest tariff rates the US has ever seen,
wrote Jeremy Horpedahl, adjunct scholar at the libertarian Cato Institute, who noted that they could exceed the post-Smoot-Hawley levels of 1930
It’s either going to be Trump and his team or it’s going to be a large majority of experienced mainstream economists,
said SabatoThat was true of the Brexiteers, was it not? They really believed it deeply from the core of their souls,
said SabatoIt would have never happened if they had stayed with the tariff policy,
he claimedThis is so unusual for Trump. He’s a conventional politician in one way: he doesn’t believe in much deeply,
Larry Sabato, director of the Center for Politics at the University of VirginiaIn 1913, for reasons unknown to mankind, they established the income tax,
he said, setting the stage for a sharp reduction in tariffs on foreign goods
It’s what we would call a lie. False. Not true,
said Andrew Cohen, professor of history in the Maxwell School at Syracuse UniversityTrump has taken the hatchet to trade with practically every major US trading partner, sparing few allies or rivals,
he added, with action that willI’ve been talking about it for 40 years,
he noted in the White House Rose GardenNow is the time for the U.S. to stop doing the wrong things and resolve the differences with trading partners through equal-footed consultation,
Guo wrote in English
I thanked him on behalf of our Country, and said I look forward to a meeting in the near future,
the US president said before traveling to his golf club in West Palm Beach, Florida
It is going to affect everything in the economy,
said Josh Stillwagon, an associate professor of economics and chair of the Economics Division at Babson College
If there are things that you’re buying on a consistent basis — week to week, month to month — I think it’s not a bad idea to try to stock up in advance,
Stillwagon said
It just shows the disconnect from this President and what we’re seeing with these tariffs.”
Schumer addedIt’s not just the price aspect and purchasing power decreasing,
said Flores-Macías
Tariffs on our longstanding trade partners, many of whom have committed billions in direct investment into U.S. factories, introduces uncertainty and risk into an industry that is creating jobs and bringing new economic opportunities to communities across the country,
Gore said