Trade Consequences Quotes

Foreigners will eventually own so much of America that there will be nothing left to trade.

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.

The benefits of trade diffuse across the economy, but the cost of trade are concentrated.

For all the brave talk of Brexiteers that the E.U. needs us more than we need them, the reality is that they hold all the cards, and they are going to punish us for leaving.

The problem with trading dominant players of that size is you never get in return what you've bargained away.

In my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.

We are trading away a little bit of our country all the time for this access consumption that we have over what we've produced. That is not good. I think it's terrible over time. But our country's productive grows enough so we actually can do that, and we'll still be better off. We just don't be as well off as if we hadn't done it.

European merchants supply the best weaponry, contributing to their own defeat

If trade undermines life, narrows it or impoverishes it, then it can destroy the world. If it enhances life, then it can better the world.