Best Trade War and Tariff Quotes.

Here is a collection of tariff quotes by Donald Trump, Justin Trudeau, government officials and top minds.

“You see these empty, old, beautiful steel mills and factories that are empty and falling down. We’re going to bring the companies back. We’re going to lower taxes for companies that are going to make their products in the USA. And we’re going to protect those companies with strong tariffs.” ~Donald Trump
“Tonight, I am announcing Canada will be responding to the US trade action with 25% trade tariffs against $155 billion worth of American goods.” ~Justin Trudeau, Canadian Prime Minister.
“We shouldn’t be putting tariffs on anything. That hurts working men and women in US. What we should be doing is making our manufacturing more competitive.” ~Rick Santorum
“Tariffs that save jobs in the steel industry mean higher steel prices, which in turn means fewer sales of American steel products around the world and losses of far more jobs than are saved.” ~Thomas Sowell
“We are going to have 10% to 20% tariffs on foreign countries that have been ripping us off for years, we are gonna charge them 10% to 20% to come in and take advantage of our country because that is what they have been doing.” ~Donald Trump
“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
“In battle, there are not more than two methods of attack–the direct and the indirect; yet these two in combination give rise to an endless series of maneuvers.” ~Sun Tzu, The Art of War.
“The benefits of a tariff are visible. Union workers can see they are “protected”. The harm which a tariff does is invisible. It’s spread widely. There are people that don’t have jobs because of tariffs but they don’t know it.” ~Milton Friedman
“The people who are crazy enough to think they can change the world are the ones who do.” ~Steve Jobs, Co-founder of Apple.
“We are going to have 10% to 20% tariffs on foreign countries that have been ripping us off for years, we are gonna charge them 10% to 20% to come in and take advantage of our country because that is what they have been doing.” ~Donald Trump
“Steep tariff increases against U.S. trading partners could create a stagflationary shock – a negative economic hit combined with an inflationary impulse – while also triggering financial market volatility.” ~Greg Daco, EY Chief Economist
“Many economists and industry experts agree that the United States faces unfair competition and artificially low prices that have damaged the domestic steel industry. But they don’t agree that a tariff is the right approach for addressing the problem.” ~Annie Lowrey
“Supply Chain is like nature, it is all around us.” ~Dave Waters
“To impose tariffs as high as 25% on our closest trading partners risks decimating the North American economic powerhouse—which the US relies on.” ~Christine McDaniel
“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
“The single most important thing to remember about any enterprise is that there are no results inside its walls. The result of a business is a satisfied customer.” ~Peter Drucker, Father of Modern Management.
“It’s so hard to get our goods into China. And when we do get in they charge us a huge surtax. They call it a surtax or a tariff. I call it a tax.” ~Donald Trump
“The Canadian Chamber of Commerce’s released figures noting that U.S. GDP would shrink by 1.6% (or roughly USD $467 billion), costing Americans approximately $1,300 per person annually should they implement a 25% tariff on U.S. imports.” ~Stephen Tapp, Chief Economist, Canadian Chamber of Commerce
“I am a tariff man, standing on a tariff platform.” ~William McKinley
“President Reagan deployed similar trade measures when motorcycle and semiconductor imports threatened U.S. industry. I remember. His tariff on Japanese motorcycles was 45 percent and his tariff to shield America’s semiconductor industry was 100 percent, and that had a big impact, folks. A big impact.” ~Donald Trump

“The supply chain is the backbone of the global economy, and it requires a laser focus on both efficiency and resiliency.” ~Eric Riddleberger
“It’s never paid to bet against America. We come through things, but its not always a smooth ride.” ~Warren Buffett, CEO of Berkshire Hathaway.
“As I have constantly said, tariffs against Canada will put your jobs at risk, potentially shutting down American auto assembly plants and other manufacturing facilities.” ~Justin Trudeau, Canadian Prime Minister.
“But tariffs are two things if you look at it. No. 1 is for protection of the companies that we have here, and the new companies that will move in because we’re going to have thousands of companies coming into this country.” ~Donald Trump
“For example, the supporters of tariffs treat it as self-evident that the creation of jobs is a desirable end, in and of itself, regardless of what the persons employed do. That is clearly wrong. If all we want are jobs, we can create any number–for example, have people dig holes and then fill them up again, or perform other useless tasks. Work is sometimes its own reward. Mostly, however, it is the price we pay to get the things we want. Our real objective is not just jobs but productive jobs–jobs that will mean more goods and services to consume.” ~Milton Friedman
“President Trump’s 25 per cent tariffs are a complete betrayal of the historic bond between our countries and a declaration of economic war against a trusted ally.” ~David Eby, British Columbia Premier
“Victorious warriors win first and then go to war, while defeated warriors go to war first and then seek to win.” ~Sun Tzu, The Art of War.
“The higher the tariff, the more likely it is that the company will come into the United States and build a factory in the United States, so it doesn’t have to pay the tariff.” ~Donald Trump
“Fear invites wrong figures. Bearers of bad news fare badly. To keep his job, anyone may present to his boss only good news.” ~W. Edwards Deming
“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