A Quote by Wilbur Ross
The United States is the least protectionist country in the world but has the largest trade deficit, while other countries are highly protectionist and have huge trade surpluses. This cannot continue.
Related Quotes
China is the most protectionist country of the very large countries. They talk more about free trade than they actually practice.
Our destiny is as a global beacon of free trade and we cannot deliver that while bound to the declining E.U. and its protectionist Customs Union.
Donald Trump is not a protectionist. If he imposes tariffs on China or any other country that cheats, all he wants to do is defend America against unfair trade practices.
Canada and the United States are also working at the World Trade Organization and in our own hemisphere with negotiations for a Trade Area of the Americas to try to help countries create a positive climate for investment and trade.
As the U.S. trade deficit, and the portion of that deficit attributed to China, continue to grow, our own economy is at risk of losing its reputation as a leader in world trade.
Canadians want to know that our trade with the United States will continue and that we won't get into any kind of trade war with the United States.
It's not a free trade agreement. It has virtually nothing to do with free trade... It's a protectionist agreement; it's anti free-trade.
That means we get other countries to play by our rules. You add up all the countries that we have trade agreements with, we have a surplus with them. You add up the countries we do not have a trade agreement with, that`s where a massive trade deficit comes from. So our goal is to get free trade agreements, and that means we get other countries to play and live by our rules so we can level the playing field.
As the Bank of England has noted, Brexit is a unique experiment in the reimposition of protectionist barriers to trade.
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.
Protectionism is a very real danger. It is understandable that in times of a severe downturn protectionist pressures mount but the lessons of history are clear. If we give in to protectionist pressures, we will only send the world into a downward spiral.
The potential of Mexico, Canada and the United States is enormous. We have a combined population of half a billion people; peaceful trade-friendly borders that are the envy of the world; the prospect of energy independence is within reach and will change the geopolitical situation of United States; we do a trillion dollars in trade among the three countries; more than 18,000 American companies are involved in foreign direct investment in Mexico and Canada; an increasing number of Mexican companies are creating jobs in the United States.
The Palestinian economy is, and will likely continue to be, highly reliant on trade. And yet, trade between the Palestinian Authority and the Arab states is extremely limited.
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.
The Donald Trump trade doctrine is this. America will trade with any country, so long as that deal meets these three criterion: You increase the GDP growth rate, you decrease the trade deficit, and you strengthen the manufacturing base.
Americas largest trade deficit is with China, a nation that enjoys Permanent Normal Trade Relations with the U.S. and ties its currency to the dollar to make it a more competitive trading partner.
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