Bill Weld on Free Trade

Libertarian Party nominee for Vice Pres.; former GOP MA Governor; 2020 GOP Presidential Challenger


Rejoin TPP in a heartbeat: beachhead against China

Q: Governor, do you sign TPP? What do you do?

Bill Weld: Oh I absolutely would rejoin, would join TPP in a heartbeat. I point out that during the campaign candidate Trump said no we can't join the Trans-Pacific Partnership because it would be dominated by China. He's so incurious and so ignorant about foreign affairs that he didn't know that China is not a member of TPP. The whole idea was that we would have a consortium of 12 Pacific Navy facing nations some in Asia some in the Americas without China at the table. So it would be our beachhead in Asia. I think the relationship with China. Has to be a complex one. We're the two biggest players out there. Xi Jinping I had high hopes for when he came, in but he really has resubsidized all those SOEs, the state owned enterprises, and we're getting our brains beat in around the world and on intellectual property they are complete scofflaws. So you've got to be tough and I think we'll probably return to this.

Source: Business Insider 2019 GOP presidential primary debate , Sep 24, 2019

Return to free trade; tariffs counterproductive

The United States should return to a regime of free trade rather than having constant recourse to tariffs. Mr. Smoot and Mr. Hawley tried tariffs in June, 1930, and fanned the flames of the Great Depression.
Source: Speech in New Hampshire by 2020 presidential hopefuls , Feb 15, 2019

Tariffs in 1920s croaked the world economy

Q: Both of the major party candidates have embraced a protectionist anti-free-trade policy. Does free trade benefit America?

WELD: In the purest sense, free trade is always going to benefit the United States compared to other countries because we have the highest rate of productivity and we're the most technologically advanced country in the world. So we're always going to have that edge. And free trade is going to produce high wage jobs in the United States. You know, it's an imperative to get the wage level up in this country. And that's one of the things that's going to do it. You may lose at the margin some low-wage jobs. But free trade over the long haul, even the intermediate haul, is going to increase the wage level in the United States. And the notion that Mr. Trump has of "let's impose these huge unilateral tariffs," we tried that with the Smoot-Hawley tariff in the 1920s and it croaked the world economy.

Source: CNN Libertarian Town Hall: joint interview of Johnson & Weld , Jun 22, 2016

Despite being Libertarian VP, still interested in free trade

Weld won the vice-presidential nomination after a long day at the convention. Many delegates say Weld is not one of them; such as: "He hasn't been in the Libertarian Party for more than about a month. He hasn't read the platform. He came out yesterday in favor of standardized testing in the schools, which is not a Libertarian position," Stewart said. "We're against those kinds of mandates. And at one point yesterday, also in the same Q&A--now, I understand he might have been trying to be facetious, but if he was, it did not go over properly--he said, when asked about free trade, 'Gary, am I allowed to be a free trader?' " [the LP platform calls minimal government management of trade, implying no free trade agreements]

Libertarians may have to get used to Weld's wry humor. For his part, the former Massachusetts governor says he's now committed to the Libertarian cause. "Well, I read the platform yesterday, so now I know all the issues," Weld told me. "It's actually a pretty good platform."

Source: Libertarian Party/NBC News press release , May 30, 2016

Other candidates on Free Trade: Bill Weld on other issues:
2020 Presidential Democratic Primary Candidates:
V.P.Joe Biden (D-DE)
Mayor Mike Bloomberg (I-NYC)
Gov.Steve Bullock (D-MT)
Mayor Pete Buttigieg (D-IN)
Rep.Tulsi Gabbard (D-HI)
Sen.Amy Klobuchar (D-MN)
Gov.Deval Patrick (D-MA)
Sen.Bernie Sanders (I-VT)
Sen.Elizabeth Warren (D-MA)

2020 GOP and Independent Candidates:
Rep.Justin Amash (Libertarian-MI)
CEO Don Blankenship (C-WV)
Gov.Lincoln Chafee (L-RI)
Howie Hawkins (Green-NY)
Gov.Larry Hogan (R-MD)
Gov.John Kasich (R-OH)
V.P.Mike Pence (R-IN)
Gov.Mark Sanford (R-SC)
CEO Howard Schultz (I-WA)
Pres.Donald Trump (R-NY)
Gov.Jesse Ventura (I-MN)
V.C.Arvin Vohra (Libertarian-MD)
Rep.Joe Walsh (R-IL)
Gov.Bill Weld (L-NY,R-MA)
Civil Rights
Foreign Policy
Free Trade
Govt. Reform
Gun Control
Health Care
Homeland Security
Social Security
Tax Reform

External Links about Bill Weld:

2020 Withdrawn Democratic Candidates:
State Rep.Stacey Abrams (D-GA)
Sen.Michael Bennet (D-CO)
Sen.Cory Booker (D-NJ)
Secy.Julian Castro (D-TX)
Mayor Bill de Blasio (D-NYC)
Rep.John Delaney (D-MD)
Sen.Kirsten Gillibrand (D-NY)
Sen.Mike Gravel (D-AK)
Sen.Kamala Harris (D-CA)
Gov.John Hickenlooper (D-CO)
Gov.Jay Inslee (D-WA)
Mayor Wayne Messam (D-FL)
Rep.Seth Moulton (D-MA)
Rep.Beto O`Rourke (D-TX)
Rep.Tim Ryan (D-CA)
Adm.Joe Sestak (D-PA)
CEO Tom Steyer (D-CA)
Rep.Eric Swalwell (D-CA)
Marianne Williamson (D-CA)
CEO Andrew Yang (D-NY)

Page last updated: Feb 25, 2020