Joe Kaeser Quotes

The problem with tariffs is they shift higher costs onto the backs of non-protected industries and consumers.

As the U.S. is import-dependent, this will translate into higher domestic prices.

I just get the same stuff as I did before, but the price tag is much higher.

Certainly, we are hurt by the high fuel prices because it raises our cost.

Declining productivity and quality means your unit production costs stay high but you don't have as much to sell. Your workers don't want to be paid less, so to maintain profits, you increase your prices. That's inflation.

Tariffs that save jobs in the steel industry mean higher steel prices, which in turn means fewer sales of American steel products around the world and losses of far more jobs than are saved.

One man's wage increase is another man's price increase.

The 40% tariff on cotton finished goods meant that the manufacturer actually invades your barns, and plunders you of 40 out of every 100 bales that you produce.

Under a system of free trade every branch of industry did not prosper.

Prices always soar when there is a Congress government.

Free Trade puts consumers at the centre of economic activity. It lowers the cost of imports, which gives people the opportunity to buy more with the same amount of money: domestic producers have to compete with the lowest global costs or invest in new business.

I'm a free market person, a free trader. But if we had a market in California, there would be competition.

When the commodities go up and the cost of transportation is going up, and the value of the dollar is going down, it's all going to translate to an 8 to 10 percent rise in food prices.

Sector-specific price declines, uncomfortable as they may be for producers in that sector, are generally not a problem for the economy as a whole and do not constitute deflation.

If a war started, the oil price probably would go up, as you said, maybe $5, $6 a barrel until you saw other oil from the extra supplies that are available elsewhere coming into the world, into the market.

A form of protectionism should be enforced at national level, at least on strategic areas such as agriculture.

The price of imported oil in the US doubled between summer 2003 and summer 2005, reducing consumers' purchasing power by more than 1 per cent of gross domestic product.

This continuing spike in gas prices is bad for consumers, bad for our economy, and bad for all other businesses. It is hurting us and costing us jobs.

American consumers benefit from free trade and investment.

If all you needed to do is to figure out what company is better than others, everyone would make a lot of money. But that is not the case. They keep raising the prices to the point when the odds change.

My wife and I decided to try and kick start our kitchens to a $15 minimum wage for cooks. I've probably had to go through and raise every menu price now by 50 cents because it took away my profit. I just underestimated what it was going to cost.

Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.

If we continue to print new paychecks at the rate we've been adding them, that mitigates a lot of the damage of higher gasoline prices.

Inflation is everywhere and anywhere a monetary phenomenon.

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