Quotes About Tariffs

Unfettered free trade has led to a disaster.

No one thinks of controlling inflation of a continental-sized country by holding back municipal tariffs. Macroeconomic stability cannot be achieved through microeconomic intervention.

Whigs and Republicans supported all kinds of "improvements" to promote economic growth and upward mobility—internal improvements" in the form of roads, canals, railroads, and the like; tariffs to protect American industry and labor from low-wage foreign competition; a centralized, rationalized banking system.

Threats of trade protectionism, plus unilateral actions on the exchange-rate front, such as the heavy interventions of China, Japan, and Switzerland in the currency markets - not to mention the retaliatory tariffs recently passed by the U.S. House of Representatives - endanger growth prospects and could further depress financial market confidence.

We shouldn't be putting tariffs on anything. That hurts working men and women in US. What we should be doing is making our manufacturing more competitive.

As regards this country, in which protection has always to some extent existed, it is the best customer that England ever had, and our demands upon her grow most steadily and regularly under protection.

It makes no sense to introduce an agreement with border restrictions or tariffs.

Average tariffs between rich countries are only 3 per cent. But developing countries face tariffs of more than 300 per cent in the EU for meat and more than 200 per cent in the US for fruit and nuts. These need to come down dramatically.

Obstacles to trade put up the cost both to consumers and businesses.

Protectionism is a misnomer. The only people protected by tariffs, quotas and trade restrictions are those engaged in uneconomic and wasteful activity. Free trade is the only philosophy compatible with international peace and prosperity.

If you put tariffs in place, it creates inflation. If you put inflation in place, you have to raise interest rates. You raise interest rates, and stock markets shouldn't be so high.

My big focus is China and OPEC and all of these countries that are just absolutely destroying the United States.

General Motors sells more cars in China than in the United States. Before the Trump trade war, up to 60 percent of U.S. soybean exports went to China, and Apple sold $40 billion a year of iPhones. China was also expected to become the biggest market for U.S. LNG.

Manufacturing value chains are global. Many U.S.-made goods have foreign components. Slapping on tariffs will raise prices and slow imports, but it will make us poorer and impede growth.

We've been the foolish country for so long with this free trade, but it's not free trade because it's - you know, just doesn't work. I mean, it's not working. You look at the deficits we have.

We need to get rid of the 16th amendment, and return to the original system that funds government with a variety of tariffs and duties.

We're a trading nation. We need to have trade, we rely on it, a vast proportion of our jobs in our country rely on trade agreements.

Leaving the E.U. will enable the U.K. to undertake a major campaign for import substitution.

Businessmen are notable for a peculiarly stalwart character, which enables them to enjoy without loss of self-reliance the benefits of tariffs, franchises, and even outright government subsidies.

[People] are tired of being ripped off by every single country that does business with us. Whether it's China, Japan, Mexico, Vietnam.

We have to be vigilant against protectionism and be constantly making the argument for free trade.

The benefits of freer trade, such as job creation, lower inflation, and greater consumer choice, are often invisible or only partly visible.

Diverting resources into uneconomic uses takes them away from other, more productive areas and costs jobs. Some jobs are lost; others are never created. The uneconomic effects of protectionism benefit a few—usually well-to-do—at the expense of the great majority, including the poor. Protectionism cannot be justified on economic or moral grounds. As Frederic Bastiat wrote, tariffs are "legalized plunder." The law is used to steal. By

Before Trump, trade policy ceded our manufacturing strength to foreign nations.