A Quote by Asa Hutchinson

As we learned after President Herbert Hoover signed the Smoot-Hawley tariff at the outset of the Great Depression, vibrant international trade is a key component to economic recovery; hindering trade is a recipe for disaster.

Asa Hutchinson

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After Component Depression Disaster Economic Economic Recovery Great Great Depression Hoover International International Trade Key Learned Outset President Recipe Recovery Signed Tariff Trade Vibrant

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Asa Hutchinson
American - Lawyer
Born: December 3, 1950

When the Smoot-Hawley bill landed on President Herbert Hoover's desk, more than 1,000 economists urged him to veto it. Tragically, the president ignored their pleas.

Elaine Chao

Smoot and Hawley ginned up The Tariff Act of 1930 to get America back to work after the Stock Market Crash of '29. Instead, it destroyed trade so effectively that by 1932, American exports to Europe were just a third of what they had been in 1929. World trade fell two-thirds as other nations retaliated. Jobs evaporated.

Elaine Chao

Negotiating sugar trade in bilateral free trade agreements is a recipe for disaster for the U.S. sugar industry, and it is unnecessary.

Kent Conrad

Maintaining confidence in international trade will be critical to the broader economic recovery in the post-Covid world.

Liz Truss

The international human rights framework is a vital component and engine for promoting global values. Governments have signed up to this international legal framework and we should hold them accountable, in all circumstances from environmental or labour standards, to trade talks, arms control and security issues as well as other international legal codes.

Mary Robinson

You raise taxes during an economic crisis time, as we did in - back in the time of Herbert Hoover, you send the country into a depression.

John McCain

Trade wars arent started by countries appealing to respected, independent trade authorities. Rather, trade wars begin when one country decides to violate international trade rules to undercut another countrys industries.

Ron Wyden

Trade is the oldest and most important economic nexus among nations. Indeed, trade along with war ha been central to the evolution of international relations.

Robert Gilpin

Hoovers didn't like Democrats because of Franklin Delano Roosevelt's libelous partisan attacks on my great-grandfather Herbert Hoover, tethering him to the Great Depression.

Margaret Hoover

Trade wars aren't started by countries appealing to respected, independent trade authorities. Rather, trade wars begin when one country decides to violate international trade rules to undercut another country's industries.

Ron Wyden

Let me say at the outset that I do not reflexively oppose international trade.

Richard Neal

Liberalized trade - in broadly multilateral, regional, or bilateral agreements - is a key ingredient in the recipe for prosperity... An absolute prerequisite for long-term economic growth is full participation in the global economy and trading system.

Kevin Hassett

The biggest trade that Germany and Britain had was with each other, in the prewar period; I think I'm right in that. Two highly industrialized nations had the most trade with each other, and it wasn't tariff policies alone that made trade relations better for both of them.

W. Averell Harriman

Our engagement through international economics, trade, these trade agreements, is vital and is linked to our national security. This is a lesson we learned from the '30s, it is a lesson we learned post-World War II, and it plays to our strengths.

Charles Boustany

[Donald Trump rhetoric]this is a common rhetorical line used by people who are against free trade that say, we're in favor of trade; we just don't like any of the free trade deals that America has actually signed onto.

Avik Roy

No good libertarian I know wants us to completely isolate ourselves from the rest of the world. It's not even possible. I mean there are economic ties - there are trade routes that need to be secured. You know international trade can't happen if you don't have open oceans.

Dan Bongino

A Quote by Asa Hutchinson

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