Barack Obama Quotes

Mexican exports worldwide benefit the U.S. economy because of their high percentage of U. S. content.

If we start thinking simply nationally, and we start having policies that try and restrict the benefits only within our borders, and try and implement protectionist measures as a consequence, this will not have the effect we need to have on the global economy. And that's ultimately the global economy that's pulling most of us down, particularly countries like Canada, that aren't the source of these current economic troubles.

Globalization has created this interlocking fragility. At no time in the history of the universe has the cancellation of a Christmas order in New York meant layoffs in China.

The Dell Theory of Conflict Prevention argues that no two countries that are both part of the same global supply chain will ever fight a war as long as they are each part of that supply chain.

We're part of a global economy whether we like it or not.

The farmers in America who are raising wheat and beef and cotton, and the great multitudes engaged in manufacture, depend for the rewards of their labor largely upon the orderly continuance of purchase, consumption and payment by the people of other countries. It would be a real misfortune to the American breakfast table if Brazil ceased to produce coffee and Cuba ceased to produce sugar and China ceased to produce tea.

There are people working in Mahoning Valley in steel, in Findlay, Ohio, in rubber, in many other places because we've enforced trade deals.

When America stopped importing from China, China stopped importing from the rest of the world. This affects Asian countries as well as Australia, Brazil, and other suppliers of raw materials.

If NAFTA goes away, it's not the end of the world. It certainly is not the end of trade between Mexico and the United States.

We're so interdependent, and what one country does is such an important part of what happens in the global economy.

We cannot talk about trade without talking about China.

NAFTA, by itself, will not collapse. The possibility is that the United States leaves the treaty, but the treaty itself would keep regulating relations between Canada and Mexico.

Brexit has shrunk the market opportunities. Exiting trade deals will do the same for the U.S. Those deals must be actively shaped and governed to make growth more inclusive.

What [Donald] has put up for question is this idea of tariffs. Initially, he said if China won't stop taking advantage of us and manipulating their currency, then I will put tariffs in place. That spooked everybody because if you charge China a fee and an extra tariff for anything they bring into the United States, what's going to happen is that companies carrying those goods are going to raise prices. It's going to be expensive for people. People got scared of that, but then he walked that [idea] back. I don't think anybody is expecting heavy tariffs on anything.

I think that trade is an important issue. Of course, we are 5 percent of the world's population; we have to trade with the other 95 percent. And we need to have smart, fair trade deals.

In my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.

Can you have a free trade agreement with a country that isn't free?

[Foreign] Trade is necessary to modern comfort and prosperity.

Mexico is intensely affected by all kinds of things that are shipped into this country from the United States.

Protectionism is something that will hurt everybody, but especially the United States.

If what is on the table is something that is not good for Mexico, Mexico will step away from NAFTA.

We are the world's biggest importer. We need to treat the other countries as good suppliers.

We need to strike better trade deals, but we need to do it in a way that ensures that we are at the table on these deals.

Britain has always been at its most successful when it's a trading nation.

We need to remind ourselves that Europe will be our biggest trading partner for the next several decades and probably beyond, so getting the deal with Europe right should be our primary focus.