Quotes About Protectionism

The biggest flaw in the Trump economic plan is the tilt toward protectionism. I have parted company with him on this. The question here is whether his campaign bark will turn out to be bigger than his government-policy bite.

Fascism is not an article for export.

Protectionism in all its forms should be rejected, and efforts should be made to discipline measures that constitute barriers to trade.

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.

The latest rule is: you cannot have protectionism - otherwise you will get a world war. Other rules say you cannot have collective ideas that involve the surrender of the individual to the group - otherwise, you get totalitarianism or, even worse, religion.

The message from history is so blatantly obvious – that free trade causes mutual prosperity while protectionism causes poverty – that it seems incredible that anybody ever thinks otherwise.

If you support protectionism because you think it's good for you, you've probably just got your economics wrong. But if you support protectionism because you think it's good for your fellow Americans, at the expense of foreigners, then it seems to me you've got your morals wrong too.

free trade economists have argued that the mere co-existence of protectionism and economic development does not prove that the former caused the latter. This is true. But I am at least trying to explain one phenomenon - economic development-with another that co-existed with it - protectionism. Free trade economists have to explain how free trade can be an explanation for the economic success of today's rich countries, when it simply had not been practised very much before they became rich.

The drive toward economic nationalism is only part of the general revival of nationalism.

I don't want to stop and build protectionism out there, but I certainly don't mind tough negotiation with our trade partners.

Engineers in the developed world should be arguing not for protectionism but for trade agreements that seek to establish rules that result in a real rise in living standards. This will ensure that outsourcing is a positive force in the developing nation's economy and not an exploitative one.

The United States is the least protectionist country in the world but has the largest trade deficit, while other countries are highly protectionist and have huge trade surpluses. This cannot continue.

Since the notion that we should all forsake attachment to race and/or cultural identity and be "just humans" within the framework of white supremacy has usually meant that subordinate groups must surrender their identities, beliefs, values, and assimilate by adopting the values and beliefs of privileged-class whites, rather than promoting racial harmony this thinking has created a fierce cultural protectionism.

We can't have our industry progressively destroyed by cheap Chinese imports.

You can't have protectionism within a free trade agreement. It's an oxymoron."

it cannot fail to be admitted, that when protectionism raises the price of things, the consumer loses the difference. But, then, it is said, national labor is the gainer. No, it is not the gainer; for since the Act, it is no more encouraged than it was before, to the amount of fifteen francs. The only thing is that, since the Act, the fifteen francs of John Q. Citizen go to the metal trade, while before it was put in force, they were divided between the ironmonger and the bookseller.

The system of protection and the colonial system are, then, only two aspects of one and the same theory. To hinder our fellow-citizens from buying from foreigners, and to force foreigners to buy from our fellow-citizens, are only two consequences of one and the same principle.

Coming back from the G20 summit, Trump was editing an upcoming speech with Porter. Scribbling his thoughts in neat, clean penmanship, the president wrote, "TRADE IS BAD." Though he never said it in a speech, he had finally found the summarizing phrase and truest expression of his protectionism, isolationism and fervent American nationalism.

America First often meant America Only.

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.

Colonial system, public debts, heavy taxes, protection, commercial wars, etc., these offshoots of the period of manufacture swell to gigantic proportions during the period of infancy of large-scale industry. The birth of the latter is celebrated by a vast, Hero-like slaughter of the innocents.

In the half-century 1879–1929, Western societies developed into close-knit units, in which powerful disruptive strains were latent. The more immediate source of this development was the impaired self-regulation of market economy. Since society was made to conform to the needs of the market mechanism, imperfections in the functioning of that mechanism created cumulative strains in the body social. Impaired self-regulation was an effect of protectionism.

Despite their current rhetoric of 'free trade', when it comes to trade negotiations almost all of today's high-income countries—including the UK and the United States—took the opposite route to ensure their own industrial success, opting for tariff protection, industrial subsidies and state-owned enterprises when it was nationally advantageous. And today they still keep tight control over their key traded assets such as intellectual property.

Trump wants a wall between Mexico and the U.S. as well as a temporary ban on all Muslims, especially those coming from terrorist countries, among other tightened securities.