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Trump's Policy Uncertainty Could Be A Bigger Threat To Australia Than Tariffs, Experts Warn

Quotes

    • 88:88
      And it still leaves Australia facing a global economy that is less open and less multilateral. The assumption would be 10% tariffs on Australia, with the hope of something better on steel and aluminium,
      International Business Times AU
      Yetsenga said
    • 88:88
      That uncertainty is worse than the 10% tariff,
      International Business Times AU
      Channer emphasized
    • 88:88
      Certainly countries are not coming on bended knees,
      International Business Times AU
      Gordon said
    • 88:88
      We're not looking to hurt China,
      International Business Times AU
      he said, describing the latest agreement as a "total reset" in bilateral trade relations,
    • 88:88
      If they (retailers) start placing orders now, mid to late June is when that cargo might start to arrive. So you’ll probably see a slowdown for the next few weeks and then an uptick up until July,
      CNN
      said Gold
    • 88:88
      The larger retailers are in a better position than some of the smaller retailers to be able mitigate
      CNN
      the costs of tariffs ... Gold said
    • 88:88
      These (tariff) reductions don’t undo the consequences of their implementation. The uncertainty, market disruption, cargo fluctuation, and lost business caused by the initial and remaining tariffs is still a significant concern. Both reductions in cargo and surges have consequences that impact the supply chain. Consistency is a requirement of a fluid supply chain and the jobs that depend on it,
      CNN
      the Northwest Seaport Alliance said in a statement
    • 88:88
      You are going to see a rush of ordering over the next 90 days the likes we’ve never seen before. You are going to see the cost of transportation skyrocket too in the coming weeks/months,
      CNN
      Boockvar wrote
    • 88:88
      Jonathan Gold
      You’re right kind of smack dab in the middle of when all that holiday merchandise is supposed to be coming in. So , there might be some retailers who decide to bring more product in early to get ahead of that potential expiration if they’re able to,
      CNN
      said Jonathan Gold, vice president of supply chain and customs policy at the National Retail Federation
    • 88:88
      By the end of this month, we’ll be down 20% the number of ship calls and probably about 25% in the volume of cargo,
      CNN
      Gene Seroka, the executive director of the Port of Los Angeles, told CNN’s Erin Burnett on Monday
    • 88:88
      Thirty per cent [tariff] is still too high. We need to wait and see if our customers can bear the tariff. It’s definitely impossible for us to bear it,
      WAtoday
      Xie said
    • 88:88
      We had some pre-existing US customers but all these people didn’t show up this year,
      WAtoday
      Vicky Wang, sales representative for toy company Guangdong Weili Intelligent Development, told this masthead at the show
    • 88:88
      I’ve already started contacting US customers regarding price and products,
      WAtoday
      Xie, 33, a sales representative, said in a phone call with this masthead this week
    • 88:88
      Any tariffs above 35 per cent would kill most of the exports because that’s the entire gross profit margin for China’s export sector,
      WAtoday
      said analyst Dan Wang, director of Eurasia Group’s China team
    • 88:88
      For us, it means there’s going to be a Christmas this year,
      WAtoday
      he told the US network, describing the 30 per cent tariff as “painful” but not prohibitive
    • 88:88
      Well, maybe the children will have two dolls instead of 30 dolls. And maybe the two dolls will cost a couple bucks more than they would normally,
      WAtoday
      Trump said last month