Ildefonso Guajardo Villarreal Quotes
We all know that China is not a free trader. That's the reality.
Referring to NAFTA, CAFTA and other international trade agreements
Turgot was one of the most advanced economic thinkers in Europe and realized, even before most of the Americans, that by freeing itself England, that the Americans would be forced to become free traders and that in turn would make America a major Economic power despite the fact that American economic policy over the years vacillated between protectionism and free trade.
In this case the tariffs were imposed not to protect national industries but to simply raise revenue. In the early years of the United States, almost all of the Federal Revenue was raised this way.
Ildefonso Guajardo Villarreal is a Mexican economist and politician from the Institutional Revolutionary Party. He previously served as the Secretary of Economy of Mexico during the presidency of Enrique Peña Nieto.