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
We're in a trade war. We've been in a trade war for decades. That's why we have the deficit.
If people know you have the big bazooka, you probably don't have to use it.
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.
There's trade, there's sensible trade, and there's dumb trade.
NAFTA is an ancient treaty.
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.
If you add up all the promises any politicians makes, the math doesn't work.
I think what we have to do is figure out how to make sure we get the benefits of improved technology and yet cope with the dislocation that it will inevitably produce in certain industries.
Barring some national security concern, I see no valid reason to keep peer-reviewed research from the public. To be clear, by 'peer review,' I mean scientific review and not a political filter.
I am not anti-trade. I am pro-trade. But I am pro-sensible trade.
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.
One of the problems with industries that have been in relatively long-term declines is that, very often, the managements in those industries develop a kind of loser mentality. And when you ask them what's wrong with the business, they'll point to extraneous forces.
There isn't a bank in the world that could withstand a run. They all borrow short and lend long, regardless of what they say.
Washington, D.C., is the new Wall Street. No significant financial transaction of any consequence occurs without it.
If you add up all the promises any politician makes, the math doesn't work. Hillary Clinton's math doesn't work; Donald's math probably doesn't work. I think you have to listen to their campaign pitches more as symbolic, more as metaphors.
The problem with regional trade agreements is you get picked apart by the first country. Then you negotiate with the second country. You get picked apart. And you go with the third one. You get picked apart again.
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.
I still like TIPS (Treasury inflation-protected securities), and I think a big opportunity is coming in the municipal bond market.
In many critical things, such as the very high purity of the aluminium we need in aerospace, we only have one producer. That's not a good formula.
I believe if we and the Mexicans make a very sensible trade agreement, the Mexican peso will recover quite a lot.
Believe it or not, Mexico has better treaties with the rest of the world than the Unites States does.
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.
A company not under sanction is just like any other company, period.
I believe in the two-party system.
The way we'll get more jobs is by creating new industries, new companies, businesses that are higher tech and therefore can compete.
I'm a very big proponent of cloud. We've used it a lot in private sector, and as far as we can tell, it is not only more efficient, it's probably also more secure for lots of very complicated technical reasons. I think it's a very important thing for government to do, and also to have systems that talk to each other.
China is the most protectionist country of the very large countries. They talk more about free trade than they actually practice.
It's important to have a sound idea, but the really important thing is the implementation.
Confrontational things, admission of error, admission of defeat, restructuring, laying people off - those are not American ideals.
We think, over the long term, the real key to value of a bank is does it have true deposits from true long-term customers? People who actually know the bank, live in the neighborhood, work there, maybe have a mortgage there, credit card... That, to us, is the key to a bank.
The fact that you're successful doesn't mean that you can't relate to working people.
Part of the reason why I'm supporting Trump is that I think we need a more radical, new approach to government - at least in the U.S. - from what we've had before.
Everybody talks about tariffs as the first thing. Tariffs are the last thing. Tariffs are part of the negotiation. The real trick is going to be increase American exports. Get rid of some of the tariff and non-tariff barriers to American exports.
I think partly the decline in the peso was due to worry about renegotiation of NAFTA, but I think we also need to think about some other mechanisms for making the peso/dollar exchange rate a bit more stable.
There are deep value opportunities in insurance stocks, which were beaten down because of their exposure to the subprime crisis, annuities, and commercial real estate.
The whole idea of a trade deal is to build a fence around participants inside and give them an advantage over the outside. So there's a conceptual flaw in that, one of many conceptual flaws in NAFTA.
We are the world's biggest importer. We need to treat the other countries as good suppliers.
Mexico has 44 treaties with other countries that make it very advantageous to do international shipping from Mexico rather than from the United States.
The E.U., China, and Japan all talk free trade, and they all practice protectionism.
My obligation is to disclose companies in which I'm an officer, a director, or an investor.
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.
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.
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.
Hillary Clinton can't tell a good trade deal from bad one.
Absent some international interruption, there's no real justification for oil being more than $90 or $100 a barrel.
If you think about it: a big bank in any country, what is it? Really, as an investment, it's a warrant on economy.
Regulations don't solve things. Supervision solves things. If we could figure out that the subprime thing was a train wreck that was coming, where were the regulators?
China is the world's biggest exporter, but they're also the people with one of the highest tariffs on imports in the whole world. That seems a little bit oxymoronic.
Many of the smaller banks have had to get to the point where they now have more compliance people than they have lending offices. That's crazy.
