Trade Costs Quotes

Obstacles to trade put up the cost both to consumers and businesses.

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.

From Virginia and Maryland are exported communibus annis 90,000 hogsheads of tobacco to Great Britain of which it I supposed 60,000 of them are then exported. But these colonies not being permitted to send their tobacco immediately in proportion to their [foreign] demands, the re-exported tobacco pays double freight, double insurance, commission and other shipping charges. If the [other British] colonies were not restrained from directly importing foreign commodities they would … pay less for them, even by 50 percent, than they do at present

When Interest is less, Trade is incourag'd, and the Merchant can be a Gainer; whereas, when it is great, the Usurer, or Money-owner takes all. The Dutch, with whom Interest is low, Trade cheaper, and under-sell us.

No foreign commodity that comes into England comes without payment of custom once, twice, or thrice, before it come into the realm, and so all foreign commodities become dearer to the subjects of this realm

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

Chinese economic development has cost many American workers their jobs. That's the price of progress.

Fully implementing the WTO trade facilitation agreement is one ingredient to reduce border delays and costs for traded merchandise.

When trade legislation seeks to protect one industry at the expense of another, then the economic well-being of everyone in this country is adversely affected.

A trade war between the U.S. and China would hurt both countries, but there is reason to believe that the U.S. has more to lose. Today, 80% of global trade comprises international supply chains,” she writes. “Declining trade costs have allowed firms to splinter their production lines geographically, with goods processed and value added in multiple countries along the chain. If China threw a handful of sand in the gears of these chains, it could disrupt entire production networks, doing serious damage to the U.S….