Tim Bishop Quotes

We have little of no inflation in manufacturing goods because more and more we buy products from abroad at very cheap prices.

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

People tend to think about trade as if it's competition between companies - if Apple wins, Google loses. But that's false. Trade makes nations better off in general. Now, I want to be clear. I'm not saying that everything about trade is good and beneficial. Trade also has costs.

International trade is not a zero-sum game.

Free trade is a two way street.

Without international economics getting done, foreign policy doesn’t get done.

Trade never balances. It hasn’t since 1776.

The largest annual U.S. trade deficits since 1980 have been accompanied by the largest annual job-creation numbers in recent memory. The reason is simple: stronger economies tend to have stronger currencies, and the increased economic activities in these stronger economies and exchange-rate differentials lead inevitably to trade deficits

Free trade is good for all countries but not necessarily good for all peoples in all countries.

We're in a trade war. We've been in a trade war for decades. That's why we have the deficit.

Bilateral trade deficits are not evil; historically, better growth in the U.S. economy has led to larger trade deficits.

A single economy makes the constant adjustments necessary to facilitate trade impossible.

I think bolstering free trade is a boon to the dollar.

The prices of all imports would rise if the dollar depreciates.

Foreign trade clearly holds down the cost of products we buy.

Growth in U.S. real imports slowed to about 3 percent in 2006, in part reflecting a drop in real terms in imports of crude oil and petroleum products.

America is becoming more and more dependent upon imports from foreign manufacturers than we are exports from our country in all fields: in appliances, in clothing, even food. This year America may become for the first time in its history a net food importer.

Don't make such a big deal out of this trade deficit…. In the United States you cannot find anybody to produce such labor-intensive products and it will be more expensive if you were to import such products from other countries and the regions than China. Only China is in the best position to produce such products, and this is also beneficial to China because this has provided job opportunities to China.

The closest we can come to free trade is illuminating the barriers to free trade.

The popular notion is that imports are bad and exports are good.

… what is called free trade, foolishly by some and wickedly by others.

It's not just free trade verses protectionism any longer, you've got the concepts of managed trade and reciprocity, and environmental issues.

May our exports be so great, and our imports so small, that the balance of trade may be in our favor.

We have not addressed the effects of global economics where we are the only free traders in town.

It is easy to observe, that all calculations concerning the balance of trade are founded on very uncertain facts and suppositions.