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. Wilbur Ross Read Quote
The typical big Japanese company has somewhere between a third and 40 percent of its revenues coming from developing countries, and about a third of Japan’s exports are also to the emerging countries, so in a strange way, Japan, which has very little internal growth, its big companies are a good way to play the emerging markets. Wilbur Ross Read Quote
You cannot just keep borrowing more and more and keep spending more and more without eventually having a day of reckoning. Wilbur Ross Read Quote
The E.U. is one of our largest trading partners, and any negotiations legally must be conducted at the E.U. level and not with individual nations. Wilbur Ross Read Quote
Enforcement is a very important part of the administration strategy. We think that even our friendly nations should live by the rules, and if they don’t, we will intend to enforce things against them. Wilbur Ross Read Quote
We’ll be aggressive on trade because we know that deals that have been made historically have resulted in the great loss of manufacturing jobs, a great amount of closed manufacturing businesses. We don’t want that to continue. Wilbur Ross Read Quote
Believe it or not, Mexico has better treaties with the rest of the world than the Unites States does. Wilbur Ross Read Quote
The reality is if something were to happen that cost China jobs – like, if they upwardly revalued the currency a lot – those jobs aren’t going to come back to the U.S. They would go to Vietnam; they would go to Thailand. They would go to whatever country was the lowest cost. Wilbur Ross Read Quote
To me, the most terrifying form of warfare would be if there was some simultaneous cyber attack on our grid, on the banking system, and on our transportation system. That would be quite a devastating thing, and yet in theory, absent some real protective measures, that could happen. Wilbur Ross Read Quote
