Wilbur Ross Quotes

That level of trade deficit throttles real growth in our country and continues the unfortunate path of selling out America. We are not winning the global trade war, we are losing it badly.

The United States is the least protectionist country in the world but has the largest trade deficit, while other countries are highly protectionist and have huge trade surpluses. This cannot continue.

I don't believe Trump or Cruz are fair traders. I think they are probably both free traders.

Historically, large-scale global trade has served two functions: 1) the exchange of goods between willing sellers and buyers described in Econ 101 textbooks; 2) as a tool of state aggrandizement, in which the private parties are stand-ins for governmental interests.

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

Today, we have a trade regime which has led to the largest trade deficits this country has ever experienced.

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.

A trade war is a conflict in which each side uses most of its ammunition to shoot itself in the foot.

China must voluntarily cut back on exports to America otherwise American politics will become unmanageable.

The closest we can come to free trade is illuminating the barriers to free trade.

Our nation has moved from the cold war to the trade war.

May our exports be so great, and our imports so small, that the balance of trade may be in our favor.

It is the system now called free trade that tends to the destruction of commerce, as is shown wherever it obtains.

A trade war would be a disaster for the world. It's very easy to slip into a trade war.

I am more interested in fair and balanced trade between nations than I am in free trade that encumbers us in a multinational pact that is refereed by the WTO.

The E.U., China, and Japan all talk free trade, and they all practice protectionism.

Bilateral trade deficits are not evil; historically, better growth in the U.S. economy has led to larger trade deficits.

Protectionism in all its forms should be rejected, and efforts should be made to discipline measures that constitute barriers to trade.

I am a firm believer in free but fair trade. However the United States should not be on the losing end of trade agreements that are not enforced. It is time that we make China play fairly.

The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items.

I'm not opposed to free trade if it's fair trade. But I am opposed to bad trade deals.

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

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.

America is becoming more and more dependent upon imports from foreign manufacturers than we are exports from our country in all fields: in appliances, in clothing, even food. This year America may become for the first time in its history a net food importer.

Protectionism has to be avoided. Protectionism is not only on goods but also in the area of services. Financial protectionism is also bad and should be avoided.