Warren Buffett Quotes

That's the kind of thinking that our country needs. When we have a country that's doing so badly, that's being ripped off by every single country in the world, it's the kind of thinking that our country needs, because everybody, we have a trade deficit with all of the countries that we do business with, of almost $800 billion a year.

What a country wants to make it richer is never consumption, but production. Where there is the latter, we may be sure that there is no want of the former. To produce, implies that the producer de_sires to consume; why else should he give himself useless labor? He may not wish to consume what he himself produces, but his motive for producing and selling is the desire to buy. Therefore, if the producers generally produce and sell more and more, they certainly also buy more and more.

Let us come together and think of ways India does not have to import but we export to the world.

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

Money flows into the US, and inflates US assets, and allows the US to have a monstrous trade deficit. That means we are consuming more than we are producing.

All those trucks and barges that carry our goods to port are vital connections to the only force which can balance our trade deficit: export. We must keep doing what we do best if we are going to get America out of the red.

Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly.

By definition, by reducing our trade deficit we will be hurting consumers. Consumers are always better off with a trade deficit.

The wealth of a country is in its working people.

The soil of no country is rich enough to attain a great mass of wealth, merely by the exchange and exportation of its own natural product.

If trade deficits are good, why is China so pleased that they run a huge trade surplus? It's perfectly obvious that if China hadn't been such a huge net-exporter, it never would have grown at the rate that it did.

More travel to America would lower our trade and budget deficits.

Chile is a country that sells cheap and buys expensive, because we have to pay for manufactured goods from countries at much higher levels of development.

Technology is probably the single biggest driver of productivity gains for the developed countries. For example, I think it's much more important than free trade.

The care of our national commerce redounds more to the riches and prosperity of the public than any other act of government.

We've been the foolish country for so long with this free trade, but it's not free trade because it's - you know, just doesn't work. I mean, it's not working. You look at the deficits we have.

Trade is good for the economy. Trade creates growth. The problem is that it creates growth but it does not think about distribution of the benefits of that growth.

When you bring in multi-brand retail items into the country, you're not just bringing the products, but you're also harming local manufacturers. You must strengthen your manufacturing sector and put it on a level playing field with the world. Any kind of items manufactured globally, like small pens, pencils, notebooks - our manufactured goods need to be on a level playing field. Then let them come. Have a competition.

What is the most effective, practical way of raising the wealth of nations? What causes wealth? I have come to think that the dream of democratic socialism is inferior to the dream of democratic capitalism, and that the latter's superiority in actual practice is undeniable.

We're losing our companies; we're losing jobs; they devalue us out of business - China and these other countries.

I think it was seen as a symptom that the Chinese leadership may be really scared about their economy.Why would you want to depend more on exports if you're a country that has a stated policy of relying less on exports and more on consumer spending, domestic spending?

When they talk about raising your taxes, I think raise the taxes on some of these countries that are taking advantage of the United States.

With our trade deals we are always second. You can pick any country and they're eating our lunch and making us look bad and so we're going to change that.

My policy on energy is... to make America the largest energy producer in the world. I think we can get there, in 10 or 15 years. That will bring back manufacturing of certain high-energy intensive industries. It'll bring back jobs. It'll create a surprising economic revitalization of this country.

I support free trade. Donald Trump supports free trade.Trade means jobs. Jobs in the United States, jobs in my home state of Indiana are supported by international exports.