A Quote by Hilary Benn
The EU has made it very clear that for frictionless trade and no tariffs on goods there is a mechanism for achieving that, but there are consequences. There are trade-offs that will have to happen.
Related Quotes
If a trade deficit is determined solely by rates of savings and investment, then the U.S. trade deficit will be impervious to a get-tough trade policy. Slapping higher tariffs on imports will only deprive foreigners of the dollars they would have earned by selling in the U.S. market.
Third, we will make trade work for America by forging new trade agreements. And when nations cheat in trade, there will be unmistakable consequences.
I have no idea on timing. It’s easier to tell what will happen than when it will happen. I would say that what is going on in terms of trade policy is going to have very important consequences.
Mexico's government has made a strong commitment to boosting the country's competitiveness in global trade, and the Ministry of Economy recognizes that trade facilitation is a key element in achieving this objective.
We're at the start of the process of talking about a trade deal. We're both very clear that we want a trade deal. It will be in the interests of the UK from my point of view, that's what I'm going to be taking in, into the trade discussions that take place in due course. Obviously [Donald Trump] will have the interests of the US. I believe we can come to an agreement that is in the interests of both.
Most trade agreements arise from a desire to liberalise trade - making it easier to sell goods and services into one another's markets. Brexit will not.
People tend to think about trade as if it's competition between companies - if Apple wins, Google loses. But that's false. Trade makes nations better off in general. Now, I want to be clear. I'm not saying that everything about trade is good and beneficial. Trade also has costs.
Proponents of the Central America Free Trade Agreement have conveniently ignored this fundamental fact: the effect of trade on incomes in Central America and how to alleviate the adverse consequences of trade liberalization on the poor.
Protectionism is a misnomer. The only people protected by tariffs, quotas and trade restrictions are those engaged in uneconomic and wasteful activity. Free trade is the only philosophy compatible with international peace and prosperity.
I know something about trade agreements. I was proud to help President Clinton pass the North American Free Trade Agreement in 1993 and create what is still the world's largest free-trade area, linking 426 million people and more than $12 trillion of goods and services.
China are running trade deficits with the rest of the world. If you look at the U.S. trade deficit, it's close to $800 billion trade in goods. Half of that is with China, so it's a big part of the problem. And the problem with China, as opposed to, say, Canada, is that China cheats.
Trade isn't about goods. Trade is about information. Goods sit in the warehouse until information moves them.
[Economic restrictions] is one of the elements that is destabilising the world economic order that was at one time created largely by the United States itself at the dawn of the General Agreement on Tariffs and Trade that was later transformed into the World Trade Organisation.
Tariffs are in the end taxes. And somebody has to pay that tax. I think one thing people are forgetting is that trade disputes are two-sided. When the United States imposes tariffs on a partner like Canada, there is always a possibility that Canada will say that's not fair and retaliate. And at that point, you have to ask the question, - which U.S. industry will suffer because the Canadians retaliated against it?
In a budget, how important is art versus music versus athletics versus computer programming? At the end of the day, some of those trade-offs will be made politically.
Germany and other countries have protested to the U.S. We have to make it clear again and again that millions of jobs in the U.S. depend on trade with the EU.
Related Authors
Alexander Hamilton Quotes
American
Politician
Benjamin Franklin Quotes
American
Politician
Bernie Sanders Quotes
American
Politician
David Brooks Quotes
American
Politician
Hillary Clinton Quotes
American
Politician
Jill Stein Quotes
American
Politician
John F. Kerry Quotes
American
Politician
John McCain Quotes
American
Politician
Marco Rubio Quotes
American
Politician
Mitt Romney Quotes
American
Politician
Narendra Modi Quotes
Indian
Politician
Newt Gingrich Quotes
American
Politician
Paul Ryan Quotes
American
Politician
Rand Paul Quotes
American
Politician
Ron Paul Quotes
American
Politician
Ted Cruz Quotes
American
Politician