Warren Buffett Quotes

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.

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

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

NAFTA is the worst trade deal maybe ever signed anywhere, but certainly ever signed in this country.

In a system of free trade and free markets poor countries - and poor people - are not poor because others are rich. Indeed, if others became less rich the poor would in all probability become still poorer.

We got into a recession because the global economy went into the recession and we're a big exporting nation.

Foreign trade clearly has been a reason why inflation has been low.

Trade helps bring us products cheaply, but there is no guarantee whatsoever to assume that it will allow us to replace the jobs that have been lost, and there is no mechanism under productivity that says that, either.

I'm quite an advocate of free trade.

Before we move forward with new efforts to lower the barriers to international free trade, we must review the consequences of the policies of the past and address the problems of the present.

We are on pace this year to have a trade deficit that is larger than $800 billion. We have never faced that before, but we continue to put forward trade agreements like these that leave us naked to competition that is neither free nor fair.

Nonetheless, the developing countries must be able to reap the benefits of international trade.

I have long been a vocal advocate of reciprocal free trade though that position did not endear me to my own political party. And I continue to strongly believe in free and fair international trade.

Wealthy nations cannot grow richer unless they have customers beyond their border.

The people see the layoffs. We must also show them the payoffs of trade.

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

There has always been a temptation, at times of economic difficulty, to turn inward and put up the shutters. That is when we need free trade most.

While protectionism doesn’t work, pure free trade doesn’t work either.

Trade never balances. It hasn’t since 1776.

Free trade ideas often look great in prospect but less in retrospect.

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

In all free trade agreements there are winners and losers.

We have at last awakened to the realization that foreign and domestic trade are not in separate water-tight compartments--that they flow through the same pipes and seek a common level. We cannot live by ourselves, shut off from the balance of the world, without working harm to our economic system that would require many years for repair.

I think there's a big difference between the impact of trade agreements on corporate America and the impact on Mr. and Mrs. America. Corporate America has adjusted to them by investing lots of capital offshore... What we're doing is we're exporting jobs and importing products instead of exporting products and keeping jobs.

I am all in favor of growing the American economy and engaging in trade with the world, but not at the expense of American workers. The North American Free Trade Agreement is a perfect example of this. Ask the textile workers of North Carolina how NAFTA worked out for them - if you can find any.