Quotes & Sayings About Tariffs

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

If a trade deficit is determined solely by rates of savings and investment, then the U.S. trade deficit will be impervious to a get-tough trade policy. Slapping higher tariffs on imports will only deprive foreigners of the dollars they would have earned by selling in the U.S. market. — Daniel T. Griswold

It should be possible to emphasize to students that the level of employment is a macroeconomic issue, depending in the short run on aggregate demand and depending in the long run on the natural rate of unemployment, with microeconomic policies like tariffs having little net effect. Trade policy should be debated in terms of its impact on efficiency, not in terms of phoney numbers about jobs created or lost. — Paul Krugman

Lady Mary nodded and smiled sadly. "There is nothing in this life that is certain but death," she stated pensively.
"And tariffs, Mama," added Jerome. At that Lady Mary laughed. — Jocelyn Murray

Evidence points out that if you raise tariffs too much it will increase smuggling. — P. Chidambaram

In the 1992 presidential debate, third-party candidate Ross Perot famously warned about a 'giant sucking sound' of American jobs going south of the border to low-wage nations once trade protections were dropped.

Perot was right, but no one in our government listened to him.

Tariffs were ditched, and then Bill Clinton moved into the White House...He continued Reagan's trade policies and committed the United States to so-called free-trade agreements such as GATT, NAFTA, and the WTO, thus removing all the protections that had kept our domestic manufacturing industries safe from foreign corporate predators for two centuries. — Thom Hartmann

I am in favor of a national bank ... in favor of the internal improvements system and a high protective tariff. — Abraham Lincoln

A reader's eyes may glaze over after they take in a couple of paragraphs about Canadian tariffs or political developments in Pakistan; a story about the reader himself or his neighbors will be read to the end. — Donald E. Graham

In the modern world, tariffs and similar restrictions on trade have been one source of friction among nations. But a far more troublesome source has been the far-reaching intervention of the state into the economy in such collectivist states as Hitler's Germany, Mussolini's Italy, and Franco's Spain, and especially the communist countries, from Russia and its satellites to China. — Milton Friedman

Now, legal plunder may be exercised in an infinite multitude of ways. Hence come an infinite multitude of plans for organization; tariffs, protection, perquisites, gratuities, encouragements, progressive taxation, free public education, right to work, right to profit, right to wages, right to assistance, right to instruments of labor, gratuity of credit, etc., etc. And it is all these plans, taken as a whole, with what they have in common, legal plunder, that takes the name of socialism. — Frederic Bastiat

Though editorialists at The New York Times and The Washington Post still don't get it, most Democrats in Congress finally do: Today's trade disputes are no longer mostly about tariffs, quotas, or free entry of goods. They are about the ground rules for capitalism. Are there to be only property rights? What about the other rights that liberal democracies have fought for since the 1880s? — Robert Kuttner

We had a level of tariffs of about five per cent. Now a lot of those will go, most of them will go over time, some of them immediately. Now that means that electronic goods and other things, white goods, coming into Australia, will be cheaper for our community. It also means in many cases that the inputs used by our high-end manufacturers to make a final product are also coming in cheaper than they otherwise would - so it makes those manufacturers more competitive. — Andrew Robb

In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs. — Joseph Stiglitz

The underconsumptionist of 1819 believed that consumption would be stimulated by tariffs, while the underconsumptionist of a later day urged monetary expansion as the remedy. On the other hand, the remedy proposed for the shortage of money capital was monetary inflation in 1819, encouragement of savings and thrift in the 1930s. — Murray Rothbard

There was nothing natural about laissez-faire; free markets could never have come into being merely by allowing things to take their course. Just as cotton manufactures were created by the help of protective tariffs, export bounties, and indirect wage subsidies, laissez-faire was enforced by the state. — Karl Polanyi

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

Blockading squadrons are a means whereby nations seek to prevent their enemies from trading; protective tariffs are a means whereby nations attempt to prevent their own people from trading. What protectionism teaches us, is to do to ourselves in time of peace what enemies seek to do to us in time of war. — Henry George

We need to get rid of the 16th amendment, and return to the original system that funds government with a variety of tariffs and duties. — Alan Keyes

Businessmen are notable for a peculiarly stalwart character, which enables them to enjoy without loss of self-reliance the benefits of tariffs, franchises, and even outright government subsidies. — Herbert J. Muller

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

If you want India to lower tariffs and facilitate more free trade, then I think Indian producers also have a right to enter the European market. — Vijay Mallya

Egypt does not possess rich natural resources. Its agricultural area is relatively small - less than 10 per cent of the total land. Its growth relies on tourism, Suez Canal tariffs, and foreign investment. — Ahmed Zewail

The reality is that until we can agree on a formula that reduces tariffs globally we cannot meet this Doha promise for development. In order to keep momentum post-Hong Kong, the European Union must be willing to move. — Rob Portman

Away, then, with quacks and organizers! Away with their rings, chains, hooks, and pincers! Away with their artificial systems! Away with the whims of governmental administrators, their socialized projects, their centralization, their tariffs, their government schools, their state religions, their free credit, their bank monopolies, their regulations, their restrictions, their equalization by taxation, and their pious moralizations! — Frederic Bastiat

The social organs are constituted so as to enable them to develop harmoniously in the grand air of liberty. Away, then, with quacks and organizers! Away with their rings, and their chains, and their hooks, and their pincers! Away with their artificial methods! Away with their social laboratories, their governmental whims, their centralization, their tariffs, their universities, their State religions, their inflationary or monopolizing banks, their limitations, their restrictions, their moralizations, and their equalization by taxation! And now, after having vainly inflicted upon the social body so many systems, let them end where they ought to have begun - reject all systems, and try of liberty - liberty, which is an act of faith in God and in His work — Frederic Bastiat

Tariffs protect ill-considered government policies, such as costly regulations and high taxes on labor and capital that make our goods uncompetitive in international markets. — Paul Craig Roberts

Rich countries want unfettered access to poor countries' markets, which are often heavily protected by tariffs, but they don't want to give up all the protections for their own goods and services. — Daniel Altman

Tariff policy beneficiaries are always visible, but its victims are mostly invisible. Politicians love this. The reason is simple: The beneficiaries know for whom to cast their ballots, and the victims don't know whom to blame for their calamity. — Walter E. Williams

Thanks to economists, all of us, from the days of Adam Smith and before right down to the present, tariffs are perhaps one tenth of one percent lower than they otherwise would have been. ...
And because of our efforts, we have earned our salaries ten-thousand fold. — Milton Friedman

Protectionism is a misnomer. The only people protected by tariffs, quotas and trade restrictions are those engaged in uneconomic and wasteful activity. Free trade is the only philosophy compatible with international peace and prosperity. — Walter Block

Legal plunder can be committed in an infinite number of ways; hence, there are an infinite number of plans for organizing it: tariffs, protection, bonuses, subsidies, incentives, the progressive income tax, free education, the right to employment, the right to profit, the right to wages, the right to relief, the right to the tools of production, interest free credit, etc., etc. And it the aggregate of all these plans, in respect to what they have in common, legal plunder, that goes under the name of socialism. — Frederic Bastiat

TARIFF, n. A scale of taxes on imports, designed to protect the domestic producer against the greed of his consumer. — Ambrose Bierce

Tariffs, government contracts, naval and military spending, nationalized industries, tax policy, social welfare, the legal privileging of labor unions were among the means at the disposal of the governing class to exploit the public at large for the benefits of its various clienteles. — Ralph Raico

The primary reason for a tariff is that it enables the exploitation of the domestic consumer by a process indistinguishable from sheer robbery. — Albert J. Nock

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

Availability of the best also is limited in our culture. And it's also extremely expensive. It's ridiculous. A kilogram of rose oil costs me very much. By the time it is shipped here and we pay tariffs, how much more do I have to charge the consumer? And then who could afford to buy it? That is why people sell synthetic rose and end up poisoning themselves. It shouldn't be that way. — Horst Rechelbacher

God has given to men all that is necessary for them to accomplish their destinies. He has provided a social form as well as a human form. And these social organs of humans are so constituted that they will develop themselves harmoniously in the clean air of liberty. Away, then, with the quacks and organizers! Away with their rings, chains, hooks and pincers! Away with their artificial systems! Away with the whims of governmental administrators, their socialized projects, their centralization, their tariffs, their government schools, their state religions, their free credit, their bank monopolies, their regulations, their restrictions, their equalization by taxation, and their pious moralizations!
And, now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works. — Frederic Bastiat

Now, legal plunder can be committed in an infinite number of ways. Thus we have an infinite number of plans for organizing it: tariffs, protection, benefits, subsidies, encouragements, progressive taxation, public schools, guaranteed jobs, guaranteed profits, minimum wages, a right to relief, a right to the tools of labor, free credit, and so on, and so on. — Frederic Bastiat

Any time you read that your government is erecting tariff barriers, supporting threatened industries with subsidies, or interfering in any way with free trade between individuals or nations, you must realize that your standard of living is being lowered as a result. — John Pugsley

Diverting resources into uneconomic uses takes them away from other, more productive areas and costs jobs. Some jobs are lost; others are never created. The uneconomic effects of protectionism benefit a few - usually well-to-do - at the expense of the great majority, including the poor. Protectionism cannot be justified on economic or moral grounds. As Frederic Bastiat wrote, tariffs are "legalized plunder." The law is used to steal. By — Ludwig Von Mises

We think the way out of poverty is to view the poor as producers, and the Internet is probably the most efficient tool we have for tapping this capacity. Because you don't need roads. You don't need customs officials who are friendly. You don't need to manage shipping and delivery schedules. You don't have to worry about tariffs. — Leila Janah

We want a comprehensive package that covers export subsidies, tariffs and overall levels of support. British Prime Minister Tony Blair is making central to his summit speech that he wants to abolish all export subsidies. It is up to him to push the European Union in that direction, and the U.S. needs to reciprocate. — Kevin Watkins

These days, nearly everyone claims to be democratic. I have even heard it claimed that the Chinese Communist Party is democratic. 'Capitalist', by contrast, is a word too often used as a term of abuse to be much heard in polite company. How do the institutions of the democratic state and those of the market economy relate to one another? Do corporations play an active part in politics, through lobbyists and campaign contributions? Do governments play an active part in economic life, through subsidies, tariffs and other market-distorting devices, or through regulation? What is the right balance to be struck — Niall Ferguson

France would be reluctant to embrace any proposal by the European Commission to slash agricultural tariffs if it threatened the European Union's Common Agriculture Policy . — Christine Lagarde

Many students don't really like it (fashion). If they don't like it, they won't be able to tell you who the stylists are or the photographers. If they say they can't remember the names but they recognize the work, I'll say that's bullshit because if you were selling mobile phones, you'd know all about the phones' features and tariffs. — Louise Wilson

Far from trying to rig the system, I have spent decades opposing cronyism and all political favors, including mandates, subsidies and protective tariffs - even when we benefit from them. — Charles Koch

Morgan then formed the U.S. Steel Corporation, combining Carnegie's corporation with others. He sold stocks and bonds for $1,300,000,000 (about 400 million more than the combined worth of the companies) and took a fee of 150 million for arranging the consolidation. How could dividends be paid to all those stockholders and bondholders? By making sure Congress passed tariffs keeping out foreign steel; by closing off competition and maintaining the price at $28 a ton; and by working 200,000 men twelve hours a day for wages that barely kept their families alive. And so it went, in industry after industry - shrewd, efficient businessmen building empires, choking out competition, maintaining high prices, keeping wages low, using government subsidies. These industries were the first beneficiaries of the welfare state. — Howard Zinn

As a concept, free-trade zones are as old as commerce itself, and were all the more relevant in ancient times when the transportation of goods required multiple holdovers and rest stops. Pre-Roman Empire city-states, including Tyre, Carthage and Utica, encouraged trade by declaring themselves "free cities," where goods in transit could be stored without tax, and merchants would be protected from harm. These tax-free areas developed further economic significance during colonial times, when entire cities- including Hong Kong, Singapore and Gibraltar - were designated as "free ports" from which the loot of colonialism could be safely shipped back to England, Europe or America with low import tariffs. Today, the globe is dotted with variations on these tax-free pockets, from duty-free shops in airports and free banking zones of the Cayman Islands to bonded warehouses and ports where goods in transit are held, sorted and packaged. — Naomi Klein

From the Anarchist standpoint, these artificial hindrances which are the cause of three main forms of usury-interest, profit, and rent, are, in the order of their importance, monopoly in the control of the circulating medium-money and credit, private property in land not based on occupancy and use, patent rights and copyrights, and tariffs. — Laurance Labadie

Suffering must be the inevitable tariff exacted from spirit for residing in human form. — Mark Frost

U.S. corn exports to CAFTA countries will benefit from reduced tariffs and duty-free access for corn products. — John Shimkus

As proof of this statement, consider this question: Have the people ever been known to rise against the Court of Appeals, or mob a Justice of the Peace, in order to get higher wages, free credit, tools of production, favorable tariffs, or government-created jobs? Everyone knows perfectly well that such matters are not within the jurisdiction of the Court of Appeals or a Justice of the Peace. And if government were limited to its proper functions, everyone would soon learn that these matters are not within the jurisdiction of the law itself. — Frederic Bastiat

In reality, government subsidized railroad construction, maintained high protective tariffs and a tight money supply, used its power to crush strikes, and in other ways supported the nation's most powerful economic interests. But the laissez-faire myth still framed political debate. The — Steven J. Diner

There is no tariff so injurious as that with which sectarian bigotry guards its commodities. It dwarfs the soul by shutting out truths from other continents of thought, and checks the circulation of its own. — Edwin Hubbel Chapin

A protective tariff is a typical conspiracy in restraint of trade. — Thorstein Veblen

it is easier to induce national governments to discriminate against foreign producers than to defend the interests of domestic consumers — George W. Stocking