Quotes
China has more levers to pull than the US in this trade war,
Cornell University economist Eswar Prasad said
The tariffs are a blunt instrument. They hurt US consumers and businesses far more than they harm China's diversified economy,
said Mary Lovely, a PIIE senior fellowWithin five years, China will succeed in producing advanced logic and memory chips at competitive prices",
Hufbauer saidI'm not expecting a major de-escalation in the Swiss talks, but both countries might reduce their tariffs to the range of 70 percent — still prohibitive but a welcome signal,
Gary Hufbauer, a senior fellow at the Peterson Institute for International Economics, or PIIE, told China DailyThere could be an exception at some point, we'll see,
he said during an Oval Office event
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The president still remains with his position that he is not going to unilaterally bring down tariffs on China. We need to see concessions from them as well,
White House Press Secretary Karoline Leavitt told reporters later Friday
Yesterday the Holy Spirit was in Rome,
she said Friday, referring to the election of Pope Leo XIVTrump's approach is generally top-down,
he said
They're not going to resolve anything this weekend, other than just trying to determine if there's going to be a process, and what the agenda items will be,
said Scott Kennedy, an expert in Chinese business affairs at the Center for Strategic and International Studies in Washington
I expect Beijing will insist on receiving the same 90-day waiver on tariffs that all other countries received to create conducive conditions for negotiations,
said Ryan Hass, director of the John L. Thornton China Center at the Brookings Institution, addingIf there is a temporary truce or symmetrical rollback of tariffs, that would be conducive to future potential holistic negotiation efforts,
said Bo Zhengyuan, Shanghai-based partner at consultancy firm PlenumWe are not watching anymore for who blinks first, but for how either side will spin the other as having blinked first,
said a Beijing-based diplomat.jpg)
We could imagine everything – we could imagine a mutual suspension of customs duties during the course of the discussions,
Parmelin added, noting they could extend into Sunday or even Monday
We're seeing extreme respect, treating both sides with respect,
Hassett said in an interview with CNBCThey’re sending real people to talk to us about real issues, so I’m confident that we can have a straightforward and candid discussion with these folks,
Greer said on CNBC
This talk is about: Can we get to a stable place and maybe that’s a foundation for something more,
Greer said Thursday in an interview with CNBCIt’s his white whale,
a first-term Trump White House official told CNNThat was a number the president threw out there, and we'll see what happens this weekend,
White House press secretary Karoline Leavitt said in a press briefing Friday
Scott's going to be going to Switzerland, meeting with China,
Trump told reporters Thursday at the White HouseI think, you know, the tariff stuff is, it was very big and very large, and everybody all at once,
Dimon said