A better way than tariffs to improve America's trade picture. CNN opinion article written jointly with Pedro Aspe, Mexico's former secretary of finance, published June 1, 2018.
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Many of today's trading relationships actually make America more globally competitive. . . . Raising tariffs among the United States, Canada and Mexico will only weaken a well-oiled manufacturing machine that is driven by the high level of integration the three economies have in their supply chains. This integration makes the region as a whole more competitive vis-à-vis the world.
— George Shultz
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "Many of today's trading relationships actually make America more globally competitive. . . . Raising tariffs among the United States, Canada and Mexico will only weaken a well-oiled manufacturing machine that is driven by the high level of integration the three economies have in their supply chains. This integration makes the region as a whole more competitive vis-à-vis the world." in the context of "A better way than tariffs to improve America's trade picture. CNN opinion article written jointly with Pedro Aspe, Mexico's former secretary of finance, published June 1, 2018." to mean that wisdom is timeless.
Source: Wikiquote: "George Shultz" (Sourced)
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About George Shultz
George Pratt Shultz (born December 13, 1920 – February 6, 2021) was United States Secretary of Labor from 1969 to 1970, U.S. Secretary of the Treasury from 1972 to 1974, and U.S. Secretary of State from 1982 to 1989.
About George Shultz
George Pratt Shultz (born December 13, 1920 – February 6, 2021) was United States Secretary of Labor from 1969 to 1970, U.S. Secretary of the Treasury from 1972 to 1974, and U.S. Secretary of State from 1982 to 1989.
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