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Tariff Quotes
Tariff Quotes
As we learned after President Herbert Hoover signed the Smoot-Hawley tariff at the outset of the Great Depression, vibrant international trade is a key component to economic recovery; hindering trade is a recipe for disaster.
Asa Hutchinson
Depression
Great
Key
Recipe
President
Great Depression
Signed
Hoover
Component
Economic
Recovery
Outset
Economic Recovery
Disaster
Learned
Trade
Tariff
Vibrant
After
International
International Trade
Herbert
Herbert Hoover
Smoot and Hawley ginned up The Tariff Act of 1930 to get America back to work after the Stock Market Crash of '29. Instead, it destroyed trade so effectively that by 1932, American exports to Europe were just a third of what they had been in 1929. World trade fell two-thirds as other nations retaliated. Jobs evaporated.
Elaine Chao
Work
World
Other
Back
Market
Market Crash
Destroyed
Jobs
Had
Instead
Fell
Trade
Were
Been
Effectively
Up
Stock
Stock Market
Tariff
America
Get
American
Just
Nations
After
Crash
Act
Europe
Exports
World Trade
Third
Two-Thirds
There is no man more dangerous, in a position of power, than he who refuses to accept as a working truth the idea that all a man does should make for rightness and soundness, that even the fixing of a tariff rate must be moral.
Ida Tarbell
Truth
Man
Dangerous
Power
Moral
Must
Rate
More
He
Idea
Make
Accept
Does
Tariff
Than
Fixing
Refuses
Should
Working
Who
Even
Position
As history has repeatedly proven, one trade tariff begets another, then another - until you've got a full-blown trade war. No one ever wins, and consumers always get screwed.
Mark McKinnon
War
History
You
Wins
Consumers
No-One
Until
Another
Trade
Always
Got
Proven
Repeatedly
Begets
Tariff
Get
Screwed
Then
Ever
I am a tariff man, standing on a tariff platform.
William McKinley
Man
Am
Tariff
Standing
Platform
The income tax is a twentieth-century socialist experiment that has failed. Before the income tax was imposed on us just 80 years ago, government had no claim to our income. Only sales, excise, and tariff taxes were allowed.
Alan Keyes
Government
Before
Experiment
Our
Claim
Only
Had
Allowed
Failed
Were
Imposed
Years
Years Ago
Sales
Tariff
Just
Tax
Taxes
Us
Income
Income Tax
Socialist
As it is, the grotesque distortions of the global market mean that for every dollar the West dispatches to Africa in the form of aid, two dollars are clawed back through subsidies and tariff barriers: a monumental rip-off by the rich as they instruct the poor to accept 'free' trade or else.
Jonathan Dimbleby
Free
Rich
Every
Aid
Else
Back
Market
Monumental
Rip-Off
Through
Free Trade
Global
Global Market
Accept
Trade
Dollar
Dollars
West
Tariff
Subsidies
Africa
Form
Mean
Poor
Grotesque
Barriers
Two
A multilateral world trade system is our very best hope for addressing the broad range of issues such as market access, tariff and nontariff barriers to trade, trade in services, and trade facilitation.
Victor Fung
Hope
Best
World
Broad
Market
Market Access
Our
Addressing
Range
System
Trade
Access
Issues
Very
Tariff
Barriers
Multilateral
Services
World Trade
In 1833, protection was abandoned, and a tariff was established by which it was provided that we should, in a few years, have a system of merely revenue duties.
Henry Charles Carey
Protection
Few
System
Abandoned
Merely
Revenue
Years
Provided
Tariff
Duties
Established
Which
Should
We must be out of the protectionist common external tariff, which mainly protects inefficient E.U. industries at the cost to British consumers.
Jacob Rees-Mogg
Out
Must
Cost
Consumers
Mainly
Industries
Protects
Inefficient
Tariff
Common
Which
External
British
Every increase of protective duties is necessarily followed, in the present condition of our country, by an expansion of the currency, which must continue to increase till the increased price of production, caused by the expansion, shall be equal to the duty imposed, when a new tariff will be required.
John C. Calhoun
Will
Country
Duty
Every
Increase
Increased
Our
Must
Followed
Shall
Price
New
Equal
Protective
Till
Caused
Continue
Imposed
Condition
Tariff
Expansion
Currency
Duties
Which
Required
Production
Present
Necessarily
On their own, tariff and trade barriers, if viewed as transitory negotiating tactics, will not significantly change global investment patterns or the structure of global supply chains and employment.
Michael Spence
Change
Will
Own
Negotiating
Structure
Tactics
Investment
Supply
Global
Employment
Trade
Tariff
Patterns
Transitory
Viewed
Barriers
Chains
I believe if we simplify the process of tariff-fixing with lesser tariff slabs and rationalise the process, it will reduce corruption, and simultaneously, it will enable supply of adequate and cheap power to the poor as well as to farmers.
Piyush Goyal
Corruption
Will
Power
Believe
Adequate
Cheap
Simplify
Supply
Simultaneously
Well
Enable
Reduce
Tariff
Process
Poor
Farmers
Lesser
Wind developers have realised the importance of transparent method of price discovery, which was demonstrated in the solar sector. They realise that bidding brings in efficiency, and tariff is right-sized.
Piyush Goyal
Solar
Wind
Sector
Price
Developers
Importance
Bidding
Method
Discovery
Tariff
Efficiency
Realise
Realised
Which
Transparent
Brings
Because of the Korean free trade agreement, South Koreans who want Oregon blueberries are gonna see their prices go down because we will be getting rid of a 45 percent tariff on this Oregon product.
Ron Wyden
Will
Free
Down
See
Percent
Prices
Free Trade
Because
Trade
Korean
Koreans
Go
South
Tariff
Getting
Want
Gonna
Oregon
Product
Rid
Who
Agreement
In almost every case, whenever a tariff or quota is imposed on imports, that tax is strongly supported by the domestic industry getting the protective shield from lower-priced foreign competition. The sugar industry supports sugar tariffs; textile mills lobby for tariffs on foreign clothing.
Stephen Moore
Competition
Every
Sugar
Lobby
Case
Strongly
Almost
Supported
Supports
Protective
Industry
Foreign
Imports
Shield
Imposed
Domestic
Textile
Tariff
Getting
Whenever
Tax
Clothing
Quota
Mills
Germany has a lot of solar power. In fact, in 2005, some 55 or 57 percent of worldwide installations were photovoltaics in Germany. That's 57 percent of all worldwide solar photovoltaics. Because of the high feed-in tariff, they have a way of allowing you to produce electricity and ship it into the grid at very high prices.
Vinod Khosla
You
Solar
Power
Worldwide
Way
High
Some
Percent
Fact
Prices
Allowing
Because
Were
Lot
Ship
Very
Tariff
Germany
In Fact
Grid
Produce
Electricity
The biggest trade that Germany and Britain had was with each other, in the prewar period; I think I'm right in that. Two highly industrialized nations had the most trade with each other, and it wasn't tariff policies alone that made trade relations better for both of them.
W. Averell Harriman
Alone
Better
Made
Think
Other
Relations
Both
Had
Highly
Most
Period
Industrialized
Policies
Trade
Tariff
Germany
Nations
Biggest
Them
Each
Right
Britain
Two
The rules of origin in NAFTA need some tightening. Rules of origin are what let material outside of NAFTA to come in and benefit from all the taxes and tariff reductions within NAFTA.
Wilbur Ross
Benefit
Rules
Some
Outside
NAFTA
Come
Within
Material
Reductions
Tariff
Taxes
Origin
Need
A weaker currency is a national tariff. After we get a weaker currency, we have to take advantage of that. Or else, we will waste it once more in inflation and in the inability to raise competitiveness.
Uday Kotak
Inflation
Will
Take Advantage
National
Else
Once
Once More
Weaker
More
Take
Advantage
Tariff
Get
Currency
After
Inability
Waste
Raise
Competitiveness
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