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" We are the world's biggest importer. We need to treat the other countries as good suppliers. "
Wilbur Ross
Good
Biggest
Other
Related Quotes:
" I see myself as a private-equity investor that helps rebuild companies. Restructuring is a cottage industry in that there aren't that many serious practitioners. "
Wilbur Ross
Serious
I See
Myself
" I'm a very big proponent of cloud. We've used it a lot in private sector, and as far as we can tell, it is not only more efficient, it's probably also more secure for lots of very complicated technical reasons. I think it's a very important thing for government to do, and also to have systems that talk to each other. "
Wilbur Ross
Think
Government
Cloud
" 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
" I am not anti-trade. I am pro-trade. But I am pro-sensible trade. "
Wilbur Ross
Trade
Am
I Am
" If you want to do something to destroy consumer spending, just eat away at the middle class because the other problem we have is the structural problem of middle class America. "
Wilbur Ross
Class
Want
America
" If you add up all the promises any politicians makes, the math doesn't work. "
Wilbur Ross
Politicians
Math
Work
" 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
" The fundamentals are the U.S. is going to end up being a net exporter of natural gas. That's going to be wonderful to help our balance of payments, reduce our dependence on a lot of countries that aren't so crazy about us, and change many, many parts of what goes on here. "
Wilbur Ross
End
Balance
Crazy
" 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
" I believe in the two-party system. "
Wilbur Ross
Believe
I Believe
I Believe In
" A company not under sanction is just like any other company, period. "
Wilbur Ross
Like
Other
Period
" The E.U., China, and Japan all talk free trade, and they all practice protectionism. "
Wilbur Ross
Talk
Practice
Free
" Between the Community Redevelopment Act, requiring banks to make what I would call very weak loans, and specific quotas that the Congress imposed on Fannie Mae and Freddie Mac, that created the market demand that really led to the subprime phenomenon. "
Wilbur Ross
Act
Community
Congress
" Everybody talks about tariffs as the first thing. Tariffs are the last thing. Tariffs are part of the negotiation. The real trick is going to be increase American exports. Get rid of some of the tariff and non-tariff barriers to American exports. "
Wilbur Ross
Last
Negotiation
Real
" There's trade, there's sensible trade, and there's dumb trade. "
Wilbur Ross
Sensible
Dumb
Trade
" 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
" 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. "
Wilbur Ross
Good
China
Never
" I think at the end of the day, the real sick man of Europe is liable to turn out to be France, not Greece, not Portugal, not Spain, not Italy. The reason is France is very uncompetitive to begin with on a global scale, and the measures that Hollande has been putting in have been very, very negative from the point of view of economic growth. "
Wilbur Ross
Day
End
Growth
" Generally speaking, companies get into bankruptcy as a kind of meritocracy. Somebody made some sort of big mistake, to get into bankruptcy, and very often, a part of the mistake is too much leverage. "
Wilbur Ross
Too Much
Big
Kind
" Part of the reason why I'm supporting Trump is that I think we need a more radical, new approach to government - at least in the U.S. - from what we've had before. "
Wilbur Ross
Need
Why
Reason
" If people know you have the big bazooka, you probably don't have to use it. "
Wilbur Ross
You
Big
Know
" My obligation is to disclose companies in which I'm an officer, a director, or an investor. "
Wilbur Ross
Investor
Director
Officer
" 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
" The typical big Japanese company has somewhere between a third and 40 percent of its revenues coming from developing countries, and about a third of Japan's exports are also to the emerging countries, so in a strange way, Japan, which has very little internal growth, its big companies are a good way to play the emerging markets. "
Wilbur Ross
Strange
Company
Good
" 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
" Many of the smaller banks have had to get to the point where they now have more compliance people than they have lending offices. That's crazy. "
Wilbur Ross
Crazy
Compliance
More
" I think what we have to do is figure out how to make sure we get the benefits of improved technology and yet cope with the dislocation that it will inevitably produce in certain industries. "
Wilbur Ross
Think
Will
Benefits
" I still like TIPS (Treasury inflation-protected securities), and I think a big opportunity is coming in the municipal bond market. "
Wilbur Ross
Think
Opportunity
Like
" Washington, D.C., is the new Wall Street. No significant financial transaction of any consequence occurs without it. "
Wilbur Ross
Street
New
Financial
" 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