Wilbur Ross


Last quote by Wilbur Ross

They're an important ally. They're generally a good neighbor. I don't regard as being a good neighbor.feedback
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Apr 26 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Wilbur Ross is associated, including Cabinet and issue. Most recently, Wilbur Ross has been quoted saying: “The president seems to be making it clear that if he needs a little higher near-term deficit out of which we can grow ... it sounds as though he's up for that. I don't know that it's dead because the budget that's being put in will be an opening salvo in the whole tax negotiation. So we'll have to see what comes out the other end.” in the article Trump appears OK with a higher near-term deficit as runway for growth, Commerce's Wilbur Ross says.
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Wilbur Ross quotes

We've been studying it very carefully. But I don't believe the president has taken a position on it just yet. Something needs to be done to fix that one way or the other. We don't have a value added tax. And three times the WTO [World Trade Organization] has ruled against measures passed by Congress to let our exporters deduct their corporate income taxes on exports when they make the export. It's an inherently unfair anomaly.feedback

We are in a trade war. We have been for decades. The only difference is that our troops are finally coming to the rampart. We didn't end up with a trade deficit accidentally. 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. When I first took this job I was horrified to learn that billions of dollars of duties that have been won after ... hard fought cases have never been collected.feedback

You have to think about it this way: We are in a trade war. We have been for decades.feedback

So what this report will do is within 90 days, come back to the president with the detailed causes by country and by major product. So we're going to be very busy during the next 90 days trying to trace through the intricacies of each of these events.feedback

I believe that if we and the Mexicans make a very sensible trade agreement, the Mexican peso will recover quite a lot.feedback

Those who flout our economic sanctions and export control laws will not go unpunished. They will suffer the harshest of consequences.feedback

Industrial power is, at the end of the day, a national security issue.feedback

The right solution is to properly equip the American workforce, not to try to hold back technology.feedback

Finance is clearly one of the mechanisms for international competition.feedback

We need to do something to balance the budget. I'm a little skeptical about the theory that there's a totally free lunch and that the markets will absorb everything, but we do need something to fill that hole.feedback

No, he did not. What he addressed was the issue that needs to be solved, which is there's inequitable treatment of the U.S. Other countries have a value-added tax which they rebate on exports. Border advisability, other programs are possible ways of solving that. But I didn't hear him coming out clearly in favor of any one system.feedback

I am not anti-trade. I am pro-trade. But I am pro-sensible trade, not trade that is to the disadvantage of the American worker and to the American manufacturing community.feedback

NAFTA is logically is the first thing for us to deal with. We ought to solidify relationships in the best way we can in our territory before we go off to other jurisdictions.feedback

I think I've probably had more direct experience than any prior Cabinet nominee has had with unfair trade in the steel business, in the textile business, in the auto parts business and other sectors. I am very well aware of the issues many companies face, and I'm sensitive to both the issues abroad and the issues here at home.feedback

We did the best that we thought we could do to in order verify the legality of the employment and it turned out that was incorrect.feedback

I look forward to working with @realDonaldTrump to restore fair trade & stand up for USA jobs if confirmed as Secretary of Commerce.feedback

When Ford offshores new production facilities to Mexico, that both boosts the Mexican economy and reduces investment in this country.feedback

We should not put up with malicious trading activities, state-owned enterprises or subsidized production.feedback

I recommend that Cyprus should adopt and immediately announce even more liberal financial service policies than it already has so that it can try to take advantage of the inevitable relocations that will occur during the period of confusion.feedback

Mexico has 44 treaties with other countries that make it very advantageous to do international shipping from Mexico rather than from the United States.feedback

Trump's plan ... calls for cutting corporate taxes from 35 percent to 15 [percent]. That's going to help solve one of our big problems, which is our trade deficit, because it means corporations are can cut their pretax margin by 20 percent.feedback

Since I have already voted in Florida, I will be at the New York victory party.feedback

As soon as Trump announces his Cabinet choices, the market will feel better.feedback

We're already pretty long in the tooth, even though this recovery is the weakest we've had in decades and decades.feedback

Hillary Clinton can't tell a good trade deal from bad one. She was for NAFTA [North American Free Trade Agreement], which has cost almost a million jobs. The one that [Clinton] boasted in her economic speech that she went against was Central American Free Trade Agreement. That free trade deal worked out well for the U.S. in the form of trade surpluses with CAFTA countries.feedback

This election is Donald's to lose and so far the Democrats have been clever about baiting him and he generally has bitten.feedback

I also think you're going to see a different Donald if and when he becomes the nominee.feedback

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