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Trump's Tariffs Spark Global Market Volatility

Trump's Tariffs Spark Global Market Volatility

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US President Donald Trump's imposition of steep new tariffs on imports from Canada, Mexico, and China has triggered a global market downturn. The S&P 500 futures fell 1.6% and Nasdaq futures slumped 2.2%, while Asia's Nikkei share average tumbled as much as 2.3% in early trading.

Donald Trump
Republican Party
1. Canada ceases to exist as a viable Country. Harsh but true! Therefore, Canada should become our Cherished 51st State. Much lower taxes, and far better military protection for the people of Canada — AND NO TARIFFS!
2. This will be the golden age of America! Will there be some pain? Yes, maybe (and maybe not!).
3. I'm speaking with Prime Minister Trudeau tomorrow morning, and I'm also speaking with Mexico tomorrow morning. And I don't expect anything very dramatic. We put tariffs on. They owe us a lot of money, and I'm sure they're going to pay.
4. Well Prime Minister Starmer's been very nice, we've had a couple of meetings, we've had numerous phone calls, we're getting along very well, we'll see whether or not we can balance out our budget.
5. The UK is out of line but I'm sure that one, I think that one can be worked out.
6. But we will Make America Great Again, and it will all be worth the price that must be paid.
7. The decades-long RIPOFF OF AMERICA, both with regard to TRADE, CRIME, AND POISONOUS DRUGS... those days are over!
8. As you probably know, I say: 'You can always become a state. And then, if you are a state, we won't have a deficit. We won't have to tariff you,'
9. These levies will bring a tremendous amount of money in for our country and bring a rebirth in American manufacturing.
10. I made a promise on my campaign to stop the flood of illegal aliens and drugs from pouring across our borders, and Americans overwhelmingly voted in favour of it.
11. We are a country that is now being run with common sense — and the results will be spectacular!
12. The USA has major deficits with Canada, Mexico, and China (and almost all countries!), owes 36 Trillion Dollars, and we're not going to be the 'Stupid Country' any longer.
13. Canada doesn't even allow U.S. Banks to open or do business there. What's that all about? Many such things, but it's also a DRUG WAR, and hundreds of thousands of people have died in the U.S. from drugs pouring through the Borders of Mexico and Canada. Just spoke to Justin Trudeau. Will be speaking to him again at 3:00 P.M.
Emmanuel Macron
Renaissance
1. If we are attacked in terms of trade, Europe - as a true power - will have to stand up for itself and therefore react.
2. If we were attacked on trade issues, Europe, as a power that stands its ground, will have to make itself respected and therefore react.
European Commission
1. Tariffs create unecessary economic disruption and drive inflation.
2. Across-the-board tariff measures raise business costs, harm workers and consumers. Tariffs create unnecessary economic disruption and drive inflation. They are hurtful to all sides.
Olaf Scholz
1. Europe will not cower and hide, but instead be a constructive and assertive partner.
Katsunobu Kato
1. We're deeply concerned about how these tariffs could affect the world's economy.
2. Japan needs to scrutinise these policies and their effects, and take appropriate measures.
Claudia Sheinbaum
Morena Party
1. I've instructed my economy minister to implement the Plan B we've been working on, which includes tariff and non-tariff measures in defense of Mexico's interests.
2. We categorically reject the White House's slander against the Mexican government of having alliances with criminal organizations, as well as any intention of intervention in our territory.
3. Sovereignty is not negotiable: coordination yes, subordination no.
4. Problems are not addressed by imposing tariffs, but with talks and dialogue.
Justin Trudeau
Liberal Party
1. Tonight I am announcing Canada will be responding to the US trade action with 25% tariffs against $155 billion worth of American goods.
2. Tariffs against Canada will put your jobs at risk, potentially shutting down American auto assembly plants and other manufacturing facilities.
3. Now is the time to choose products made right here in Canada.
4. Check the labels. Let's do our part. Wherever we can, choose Canada.
5. We're certainly not looking to escalate. But we will stand up for Canada, for Canadians, for Canadian jobs.
6. We did not want this, but Canada is prepared.
Kirsten Hillman
Canadian Chamber of Commerce
1. This is disrupting an incredibly successful trading relationship.