Quotes
On trade I have decided for purposes of fairness, that I will charge a reciprocal tariff — meaning whatever countries charge the United States of America, we will charge them no more, no less,
Trump said at the White House in February
I did this as an accommodation, and out of respect for, President Sheinbaum,
Trump said on Truth Social of the March 6 tariff pauseWhen Tariffs cut in, many people’s Income Taxes will be substantially reduced, maybe even completely eliminated. Focus will be on people making less than $200,000 a year,
Trump wrote in a post on Truth Social April 13.You have to have flexibility,
Trump told the media when asked about his credibility after pausing the tariffsFor nations that treat us badly, we will calculate the combined rate of all their tariffs, nonmonetary barriers and other forms of cheating,
he saidHe basically got up and said, ‘I want everybody to say hello to my little friends,’ and he jacked up tariffs, American tariffs, and half the valley shook,
he said
It is not at all surprising that 34 percent of Americans are concerned about their retirement as we have seen an incredible amount of volatility in the past two months. At one point, the S&P500 was down nearly 20 percent in just 6 weeks—that's a lot for the everyday investor to grapple with."
Drew Powers, the founder of Illinois-based Powers Financial Group, told Newsweek
We've already seen stocks rocked by the immediate implementation of the tariffs, but we still have yet to see the actual numbers behind the impact which will emerge in company earnings in the coming months,
Beene saidFor retirement accounts, the impact is twofold: account values have suffered, and higher prices at the grocery store and beyond are adding external pressure through inflation."
Kevin Thompson, the CEO of 9i Capital Group and the host of the 9innings podcast, told NewsweekLong term, this will likely just be a blip,
Thompson saidThe industrial landscape in the U.S. has completely changed. Most heavy industry has left the country, along with many well-paying, middle-class, union jobs. That's created a lot of resentment. Trump is promising to bring those jobs back—though I don't think that's realistic—and tariffs are his way of doing it
Todd Belt of George Washington University's Graduate School of Political Management told NewsweekOn trade and other things, we're doing great. We're taking in billions and billions of dollars. ... We were losing $2 billion a day. ... This is the biggest deal ever made. Now we're making $3 billion a day."
President Donald Trump, during an Oval Office meeting with reporters on April 14, saidWe're essentially picking fights with every major country in the world. Even if we end up cutting deals, the level of acrimony and the signal that the U.S. is no longer a reliable long-term partner weakens our position."
Joseph Foudy, professor at NYU's Stern School of Business, told NewsweekThese losses are twice as large as a revenue-equivalent corporate tax increase from 21 percent to 36 percent,
the Penn Wharton team said in their April analysisNow we're making $3 billion a day."
During an Oval Office meeting on April 14, Trump declaredWe have numbers, and we have job generation, that I don’t think we’ve ever seen before. See how it works out, but I think the economy is going to go through the roof.”
At a March 24 Cabinet meeting, he said
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All the ‘soft’ data is bad, even though it hasn’t bled through to the hard data yet,
said Douglas Holtz-Eakin, president of the centre-right American Action ForumWe also anticipate that equipment failures, parts, and new equipment will experience substantial price increases,
Dennison saidI think we’re going to do even better this time,
he added, referring to his first term between 2016 and 2020.Boardgame sales used to be considered recession-proof,
Ward said