Quotes
A 30 percent price hike on anything is not insignificant, so the question is, how is that extra 30 percent distributed
said Harry Broadman, a former assistant U.S. trade representative in the George H.W. Bush and Bill Clinton administrations
I know for many of the hawks, people on our side, that want total decoupling — [it’s] not 100 percent victory,
Steve Bannon, a longtime Trump adviser, said on his “War Room” showThe decline in tariffs from 145 percent to 30 percent changes a lot of Chinese imports from prohibitively expensive to merely quite pricey,
said Steven Kamin, a former top staffer at the Federal Reserve who is now a senior fellow at the American Enterprise Institute.jpg)
I do think [the tariff reduction] makes a big, big difference for many companies, [but] if you’re thinking about a big infrastructure project or something like that, there’s still a lot of unknowns about, will these stick
added Everett Eissenstat, deputy director of the National Economic Council in Trump’s first administrationBoth sides are trying to portray it as the other was more desperate,
said Nicholas Borst, director of China research at investment advisory firm Seafarer Capital PartnersThis would have been unbelievable a year ago,
Ball said
I think it depends upon the business, depends upon the product category. But once you start getting over 25 percent, it’s pretty significant,
said Jonathan Gold, the vice president of supply chain and customs policy for the National Retail Federation.jpg)
Healthy supply chains depend on consistency and reliability,
said Kate Nolan, a spokesperson for the Northwest Seaport Alliance, a port authority in the Puget Sound region
The 90-day window basically staves off any Christmas disaster,
said Cameron Johnson, senior partner at Shanghai-based supply-chain consultancy Tidalwave SolutionsChina’s export restrictions to the United States worked. It created enough pain to compel the U.S. government to plead with the Chinese government to reverse course,
the former official saidPresident Trump’s shock therapy on April 2 will lead to a substantial deletion of non-tariff barriers from all trading partners,
the official saidWe concluded that we have a shared interest,
Treasury Secretary Scott Bessent said
The 30% tariff that the U.S. continues to impose on itself is deeply damaging—not only to American businesses and consumers but also to global supply chains already facing significant disruption,
the council said
I think there’s a chance that he (Carney) sees this as the Trump administration realizing some of the trouble they got themselves into,
says MorrowThere still remains a lot of uncertainty,
says MorrowCanada’s industries have been hard hit by this trade war … any de-escalation at this time is good news for global trade,
says the Canadian Chamber of Commerce in a statement to Global NewsThis shouldn’t be confused with progress relative to where we were in December, 2024,
says economic professor Peter Morrow at the University of TorontoThe two governments have given themselves a window to get something done on fentanyl and purchases,
said Myron Brilliant, a senior counselor at DGA-Albright Stonebridge Group who advises clients on ChinaThey have the most imbalanced economy in the history of the modern world,
Mr. Bessent said on the Fox Business Network last month.jpg)
Everyone thought in advance that the most important thing is to get Chinese adherence to the 2020 Phase 1 agreement that for many issues provides a foundation for going forward,
said Michael Pillsbury, who was a top China adviser to Mr. Trump in his first term