Larry Summers"We are united in our belief that broad-based tariffs will impede economic growth, risk triggering a trade war, and inflicting long-term harm on the economy."Feb 03, 2025
World Economic Forum"Large majorities of the chief economists surveyed expect a trade war of tit-for-tat trade restrictions between the US and China (89%) and more broadly (68%)."Jan 20, 2025
CNN"Assuming the full range of tariffs are implemented and there are no last minute opt-outs — a possibility that can’t be ignored given Trump's past reversals — the world is set for a full-scale trade war."Apr 03, 2025
Financial Times"The US has escalated a global trade war with sweeping new tariffs that will hit the EU and some of the poorest countries in the world the hardest."May 18, 2025
The Kobeissi Letter"42% of respondents now see global trade war as the most bearish development for risk assets in 2025, up from January's 30%."May 18, 2025
Mireya Solís"A universal 10%-20% tariff, a 60% duty on goods manufactured in China and/or revocation of its most-favored-nation status, and the abandonment of the World Trade Organization would bring economic havoc that pales in comparison to the first U.S.-China trade war. "Nov 14, 2024