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" I believe if we and the Mexicans make a very sensible trade agreement, the Mexican peso will recover quite a lot. "
Wilbur Ross
Mexican
Believe
Will
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" 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. "
Wilbur Ross
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You
Country
" 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. "
Wilbur Ross
Country
Trade
United States
" 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. "
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Flaws
Inside
Trade
" 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
Individual
Nations
Level
" 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. "
Wilbur Ross
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Trade
Think
" 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. "
Wilbur Ross
Political
See
Research
" 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. "
Wilbur Ross
Currency
Country
Back
" Absent some international interruption, there's no real justification for oil being more than $90 or $100 a barrel. "
Wilbur Ross
Justification
Some
Real
" If you add up all the promises any politicians makes, the math doesn't work. "
Wilbur Ross
Politicians
Math
Work
" Each weekend I play at least one and maybe two sets of tennis a day. My doubles team was in the finals recently at my tennis club in Palm Beach and lost a tiebreaker after a three-hour match. I must confess, by the end of the three hours, I was relieved it was over. "
Wilbur Ross
End
Lost
Team
" A company not under sanction is just like any other company, period. "
Wilbur Ross
Like
Other
Period
" China is the most protectionist country of the very large countries. They talk more about free trade than they actually practice. "
Wilbur Ross
Country
Talk
Free
" Hillary Clinton can't tell a good trade deal from bad one. "
Wilbur Ross
Bad One
Bad
Trade
" Washington, D.C., is the new Wall Street. No significant financial transaction of any consequence occurs without it. "
Wilbur Ross
Street
New
Financial
" I don't think there's anything inherently wrong with a bank being big. In fact, there are some good arguments about universality of geography that in theory, if you have all your eggs in one little community, and some big employer goes out, that could be your downfall. "
Wilbur Ross
You
Think
Wrong
" If people know you have the big bazooka, you probably don't have to use it. "
Wilbur Ross
You
Big
Know
" The one term I don't like to be called is a 'vulture.' Because to me, a vulture is a kind of asset-stripper that eats dead flesh off the bones of a dead creature. Our bird should be the phoenix, the bird that reinvents itself, recreates itself from its ashes. And that's much closer to what it is that we really do. "
Wilbur Ross
Me
Phoenix
Kind
" There's trade, there's sensible trade, and there's dumb trade. "
Wilbur Ross
Sensible
Dumb
Trade
" 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. "
Wilbur Ross
Need
Worry
Think
" You cannot just keep borrowing more and more and keep spending more and more without eventually having a day of reckoning. "
Wilbur Ross
You
Day
More
" 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. "
Wilbur Ross
Seems
People
Little
" NAFTA is an ancient treaty. "
Wilbur Ross
NAFTA
Treaty
Ancient
" Ships are a strange kind of commodity because they're very lumpy, very big individual units, but they're commodities. "
Wilbur Ross
Individual
Strange
Big
" I think it's natural for any manager to want to grow his business. The question is at what rate, and in what direction, and in what format? "
Wilbur Ross
Grow
Business
Think
" 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. "
Wilbur Ross
Great
Know
Loss
" There is no evidence that more regulation makes things better. The most highly regulated industry in America is commercial banking, and that didn't save those institutions from making terrible decisions. "
Wilbur Ross
Decisions
Evidence
America
" 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. "
Wilbur Ross
Kind
Business
Loser
" Mexico has 44 treaties with other countries that make it very advantageous to do international shipping from Mexico rather than from the United States. "
Wilbur Ross
United
United States
Shipping
" Shipping has a great oversupply of vessels that came from over-ordering a few years back. We think 2014 may be when it turns around. "
Wilbur Ross
May
Back
Years
" 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. "
Wilbur Ross
Cyber
Transportation
Me