Trade Disruption Quotes

We have caused them to be barren and unemployed though each of them had been working and qualified in a trade from which he could make a living.

We didn't get agitated over the closure of blacksmiths when people stopped riding horses and started driving cars.

One thinks that one is winning when we slap tariffs or introduce barriers to imports from another country, and we think we win. But you lose when you export because the other countries are going to raise tariffs as well. They're going to introduce barriers as well. So you win with one hand and you lose with the other.

Look at trade and automation: two competing but slightly overlapping forces in the shrinking of the duration of jobs right now. We have to be able to talk honestly about how disrupted this world is going to be, and it is crazy to mislead people and say we're going to bring back all of the big factory jobs by creating a protectionist regime.

A no deal Brexit could bring Britain to a grinding halt and threaten the wellbeing of our country.

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.

The Bank of England's Carney is worried the shock of Britain's vote to leave the E.U. could cause households and businesses to temporarily halt spending, which could stop the economy and even spur a recession.

In a way, NAFTA is like a scrambled egg. How do you unscramble an egg? The value chains are so interwoven that it would be very difficult to do that. But government policies force us to look for ways to unscramble it.

We are going to suffer, I am afraid, terribly in this war, whether we are in it or whether we stand aside. Foreign trade is going to stop, not because the trade routes are closed, but because there is no trade at the other end. Continental nations engaged in war all their populations, all their energies, all their wealth, engaged in a desperate struggle they cannot carry on the trade with us that they are carrying on in times of peace, whether we are parties to the war or whether we are not.

I don't think anybody has any idea what the economic impact of Brexit will be.

Our commerce is on the point of being annihilated, and unless an armament is fitted out, we may very soon expect the Algerians on the coast of America. .

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.

Always keep in mind that in separating the United States from Great Britain, it is above all their commerce we want.

The sheer drop in sterling since 2016 is only a taste of what's to come if we continue down the destructive route of a no-deal Brexit.

A no deal Brexit is a proposal so damaging to our future that it cannot be accepted.

We are working hard at home and on the international stage to further identify the problems on the horizon and to ensure we reboot trade post-Covid-19.

Ahead now, I think you'll see the big nations shrink back into their own corners of the world. I'm not saying we'll see no international trade, but it will be nothing like the conveyer belt from China to Wal-Mart that we've known the last few decades. And the prospects for conflict are very, very high.

A depression is a large-scale decline in production and trade...there is nothing in the nature of a free-market economy to cause such an event.

From our perspective, just narrowly from the financial sector and from our institution, there's nothing good about Brexit.

Nationalism makes us poor because its Siamese twin, protectionism, will destroy the internal market and disrupt international trade.

There is on the globe one single spot, the possessor of which is our natural and habitual enemy. It is New Orleans, through which the produce of three-eighths of our territory must pass to market, and from its fertility it will ere long yield more than half of our whole produce and contain more than half our inhabitants.

A no deal Brexit would be a complete failure by the government to negotiate for Britain.

Slave-traders have always been very much at the mercy of the chiefs through whose country they have passed; for if they afforded a ready asylum for runaway slaves, the traders might be deserted at any moment.

Already, even before we have left the EU, Brexit is damaging our country, our economy, our society and our standing in the world - damage that will be worsened by the kind of ruinous no deal being pledged by some who aspire to become prime minister.

The collapse of the global marketplace would be a traumatic event with unimaginable consequences. Yet I find it easier to imagine than the continuation of the present regime.