A Quote by Mark McKinnon

As history has repeatedly proven, one trade tariff begets another, then another - until you've got a full-blown trade war. No one ever wins, and consumers always get screwed.

Mark McKinnon

Quote Topics

Always Another Begets Blown Consumers Ever Full Get Got History Proven Repeatedly Screwed Tariff Then Trade Until War Wins

Quote Author

Mark McKinnon
American - Businessman

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 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

For most people, love is a response to need fulfillment. Everyone has needs. You need this, another needs that. You both see in each other a chance for need fulfillment. So you agree-tacitly-to a trade. I'll trade you what I've got if you'll give me what you've got. It's a transaction. But you don't tell the truth about it. You don't say, "I trade you very much." You say, "I love you very much," and then the disappointment begins.

Neale Donald Walsch

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.

David Autor

When Donald Trump was first elected, there was a lot of fear of a trade war. They listened to Trump's rhetoric on the campaign. Oh, we're going to put a 45 percent tariff on China, a 35 percent tariff on Mexico. We haven't seen any of that.

Donald Trump

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

Soros is the best loss taker I've ever seen. He doesn't care whether he wins or loses on a trade. If a trade doesn't work, he's confident enough about his ability to win on other trades that he can easily walk away from the position.

Stanley Druckenmiller

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

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.

Barry Gardiner

First of all, a president of the United States can't unilaterally impose a tariff on another country. It takes an act of Congress, and that would never pass Congress. But that's not the way to fix trade policy, to do unilateral tariffs on other countries.

Sherrod Brown

I do believe that it's the first time in history that fire has ever melted steel. I do believe that it defies physics that World Trade Center tower 7-building 7, which collapsed in on itself-it is impossible for a building to fall the way it fell without explosives being involved. World Trade Center 7. World Trade [Center] 1 and 2 got hit by planes-7, miraculously, the first time in history, steel was melted by fire. It is physically impossible.

Rosie O'Donnell

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

A trade war would be a disaster for the world. It's very easy to slip into a trade war.

Jack Ma

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.