Quotes About Tariff

We're going to put a tariff on all steel and aluminum, on everything coming in," the president said, "and see what happens." This approach drove Gary Cohn, the chief White House economic adviser, crazy. He had argued passionately that the American economy was too important to haphazardly experiment with.

The income tax is a twentieth-century socialist experiment that has failed. Before the income tax was imposed on us just 80 years ago, government had no claim to our income. Only sales, excise, and tariff taxes were allowed.

The real cause of the beginning of the Great Depression was the Smoot-Hawley Tariff Act. This shocking and totally unprecedented legislation ended up imposing an average 60 percent tax on more than 3,000 import items. It was the equivalent of exploding a bomb that devastated the global trading system.

I love a reciprocal tax. Nobody can fight it, it's fair and it's something that we are working on very strongly.

The protective tariff was perhaps the most controversial economic issue of the antebellum period. High tariffs, intended to protect Northern industry from foreign competition, were a terrible burden to the agricultural South, which had little industry to protect. To Southerners, the tariffs meant higher prices for manufactured goods because they bought them abroad and paid the tariff or because they bought them from Northerners at the inflated prices that tariff protection made possible.

I am a tariff man, standing on a tariff platform.

Many economists and industry experts agree that the United States faces unfair competition and artificially low prices that have damaged the domestic steel industry. But they don't agree that a tariff is the right approach for addressing the problem.

There is no man more dangerous, in a position of power, than he who refuses to accept as a working truth the idea that all a man does should make for rightness and soundness, that even the fixing of a tariff rate must be moral.

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.

On their own, tariff and trade barriers, if viewed as transitory negotiating tactics, will not significantly change global investment patterns or the structure of global supply chains and employment.

the economic aim of debt jubilees was to restore solvency to the population as a whole. Many royal proclamations also freed businesses from various taxes and tariff duties, but the main objective was political and ideological. It was to create a fair and equitable society.