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We have differences, but we don't believe tariffs, trade wars are the choice. The best choice is to have a dialogue and negotiations to find mutually acceptable solution based on the principle of mutual respect and mutual accommodation. One side shouldn't impose its own interest and its own thinking on the other side. We need to talk with each other, to learn from each other, to respect each other.
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At present we go into negotiations with foreign countries empty-handed. We have nothing to give, and we have to take what they are good enough to leave for us. If we were able to bargain on equal terms, I believe that the duties now imposed on our produce would be generally reduced. There would be a competition among foreign nations for our markets which would bring us nearer to real free trade than we have ever been.
The conflict which we have to fight is still a conflict of tariffs. In every country resolutions are being formed and plans are being worked out for limiting still further the intercourse of nations with each other and interposing new barriers of tariff. ... And as years go on we shall have to fight that battle. ... It is the world's conflict of the future.
When we negotiate trade agreements in the future, we will be pressing other countries to open up their public procurement processes to genuine, fair, international competition. It would be totally ridiculous to abandon that principle now to give into not only constituency pressures, which I understand, but otherwise nationalist nonsense that ought to be ignored.
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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.
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.
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