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US Tariffs Spark International Trade Tensions and Market Volatility

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US President Donald Trump's tariffs on Canadian and Mexican goods have taken effect, sparking fears of a global trade war.

    1. There's a level of unpredictability and chaos that comes out of the Oval Office, and we will be dealing with it.
    1. Tariffs will disrupt an incredibly successful trading relationship.
    1. China opposes this move and will do what is necessary to firmly safeguard its legitimate interests.
    1. There is no reason, justification, or excuse that supports this decision that will affect our people and nations. We have said it in various ways: cooperation and coordination, yes; subordination and interventionism, no. Mexico deserves respect.
    2. I want to make it clear today that we will always seek a negotiated solution as we have proposed within the framework of respect for our sovereignty.
    3. I call upon the people of Mexico, all of you, to face this challenge together, to stay united.
    4. I reiterate: it is time to defend Mexico and its sovereignty. We must stay alert and calm. Cool heads.
    1. IF COMPANIES MOVE TO THE UNITED STATES, THERE ARE NOT TARIFFS!!!
    2. They're going to have to have a tariff. So, what they have to do is build their car plants — frankly — and other things in the United States, in which case they have no tariffs.
    1. They've done a nice job on the border, but they haven't stopped the flow of fentanyl.
    1. We expect our vendors across our entire assortment will pass along some level of tariff costs to retailers, making price increases for American consumers highly likely.
    1. Those are categories where we'll try to protect pricing, but the consumer will likely see price increases over the next couple of days.
US Tariffs Spark International Trade Tensions and Market Volatility