A Quote by Wilbur Ross
I believe if we and the Mexicans make a very sensible trade agreement, the Mexican peso will recover quite a lot.
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We have a raising wages agenda. And that includes tax policy, trade policy. TPP is a very bad agreement. Covers 40 percent of the world's economy, and it will cost us jobs. It's not well-drafted. It's an agreement, an investment agreement that will benefit Wall Street a lot, but not working people.
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.
I would like to believe that TPP will lead to more exports and jobs for the American people. But history shows that big trade agreements - from NAFTA to the Korea Free Trade Agreement - have resulted in fewer American jobs, lower wages, and a bigger trade deficit.
Because we don't know that much about what has happened before, it's useful. But either we will recover and progress, or the alternative is that it's all downhill from here. So I would just as soon believe, in my optimistic Midwestern American way, that we will recover and maybe even make lemonade out of the lemons that we are faced with.
You mentioned the Free Trade Agreement and yes I can't tell you how pleased we are that Morocco is one of the countries that our country is going to begin negotiating a Free Trade Agreement with.
Since we don't use any type of currency manipulation schemes - we have a floating exchange market - we are very glad to consider any type of process that would stabilize the Mexican peso.
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.
Imagine Americans who go to Paris. Why would you want to go where someone's going to disparage you? Why would you go anywhere where they treat you bad? Well, that's how it is for us to go to Mexico. You have to be on your guard, because I think the Mexicans are harder on the Mexicans, the Mexican-Americans. They don't see us as Mexican. I think part of it's a class issue and a color issue. We're more connected to their servants, so what are we doing staying at a nice hotel? There's a kind of shame.
Specifically, the U.S. holds strength. Its own context makes it a very competitive country, but I believe that if we recognize how interdependent the U.S. with its neighbors from the North and the South, we are part of NAFTA, a trade agreement.
Free trade has been one of the tenets of the modern Mexican economy, and it's through competition and free trade that we will continue to advance.
Hillary Clinton has supported virtually every trade agreement that has been destroying our middle class. She supported NAFTA and she supported China's entrance into the World Trade Organization, another one of her husband's colossal mistakes and disasters. She supported the job-killing trade deal with South Korea. She supported the Trans-Pacific Partnership which will not only destroy our manufacturing, but it will make America subject to the rulings of foreign governments. And it's not going to happen.
The country of Mexico has just gotten its first Taco Bell. You're Welcome. Finally, Mexicans will have access to... Mexican food. Bon appetit. I can't imagine how confused they will be when they get a taco.
The Trans-Pacific Partnership trade agreement is a continuation of other disastrous trade agreements, like NAFTA, CAFTA, and permanent normal trade relations with China.
The whole idea of having a free trade area when you have gyrating exchange rates doesn't make sense at all. It just spoils the effect of any kind of free trade agreement.
To the extent that our workers compete with low-paid Mexicans, it is as much through undocumented immigration as trade. This pattern threatens low-paid, low-skill U.S. workers. The combination of domestic reforms and NAFTA-related growth in Mexico will keep more Mexicans at home. It is likely that a reduction in immigration will increase the real wages of low-skilled urban and rural workers in the United States.
You've got to be frugal. If you want to make one peso and you spent two, you'll never make it. You must be very stupid if you don't know what you should save on.
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