Quotes
It's up to the boss. I never get ahead of the boss, that's why I'm sitting here."
Asked if Trump could halt the tariffs on China too, he added He is not going to allow China to continue to source and distribute deadly fentanyl into our country, that was the reason for this tariff,
Leavitt told reporters outside the West Wing Let's see what happens with the call today,
Trump trade advisor Peter Navarro, a veteran of the US president's first term, told news outlet Politico The deployment has already started,
That's about one-fifth of China's total growth of the year, which is of course overstated,
The first thing it's going to hit is confidence because the Chinese, like everybody else, thought that Trump was just for negotiating—when he's not. This is an ideological on a subject in which he thinks he holds the Holy Grail,
David Roche, a strategist at the geopolitical risk advisory Quantum Strategy, told CNBC Higher prices make consumers poorer. Trump's washing machine tariff in 2018, for example, raised the product's domestic price by about 12 percent, approximately $90 per unit. The increased price had a greater negative impact on poorer families, who must spend a larger portion of their income on consumption."
Kent Jones, professor emeritus of economics at Babson College, previously wrote in an op-ed for The Hill The Chinese tariffs do not go into effect until five days from now, a long time in Trump world. Let's see whether a call with Trump-Xi call happens and if Beijing gets a month's reprieve like our USMCA [United States-Mexico-Canada Agreement] partners. It will also be instructive to see which other issues may come up on such a call, given the various tension points in our bilateral relationship."
Wendy Cutler, vice president at the Asia Society Policy Institute and a former acting deputy U.S. trade representative, said It is not clear whether China and the U.S. could reach an agreement to reach a tariff truce,
We are not eager to change our baseline assumption of tariff hike to 60%. We maintain the view that the tariff war between China and the U.S. more likely will further escalate from here, but with large uncertainties regarding the timing, the pace and the magnitude of further tariff increase,
the Wall Street bank said This is going to be done in a measured way, and it's going to be done in a way that will benefit the American people,
A risk is that this is the beginning of a tit-for-tat trade war, which could result in lower GDP growth everywhere, higher U.S. inflation, a stronger dollar and upside pressure on U.S. interest rates,
Stephen Dover, chief market strategist and head of financial firm Franklin Templeton Institute, told the Associated Press As far as I can see so far, it’s a relatively limited response, affecting no more than 30 percent of U.S. exports to China,
Bert Hofman, a former World Bank official, told the New York Times If Trump sees this as a direct challenge, his administration could respond with additional trade restrictions. This would intensify the conflict,
It is a response with equal magnitude but in a different way than in 2018,
Gary Ng, a senior economist with the investment bank Natixis in Hong Kong, told Al Jazeera, referring to the tariff war the two countries engaged in during Trump’s 2017-2021 first term Delaying the tariff implementation until February 10 will allow for top level leadership to meet before then, which still creates an opportunity for both sides to step back from the brink and de-escalate the situation,
I don't think they want the trade war escalating,
Gong told the Associated Press The measures are fairly modest, at least relative to U.S. moves, and have been calibrated to send a message to the U.S.,
These moves are warnings that China intends to harm U.S. interests if need be but still give China the option to back down,
said Julian Evans Pritchard, head of China economics at Capital Economics You know, back in my day we didn’t have all this technology. Everything was much simpler. What about you, dear
she asks one exasperated fraudster
