“Four or five years ago, the U.S. was very much in the mode of urging other countries to abide by decisions, but the shoe is on the other foot now. The U.S. is on the defensive on a number of these cases.”
“With $4 billion at stake, you would fight to the last, ... has been a poison for U.S.-Canada relations?. That is what the Byrd amendment has generated.”
“That will mean Canada for lumber, and Latin America also has a lot of the most relevant supplies that are needed in the United States, ... There will be tariff relief.”
“Many of our banks have lent money to Brazil, and some of those loans may not look so good today after the devaluation as they did before. so banks will be hurt, or some banks will be hurt and the stockholders in those banks will be hurt.”
“U.S. multinationals are still spending most of their R&D dollars here in the U.S. -- about 90 percent. It could shift, but it has not shifted yet. Where the link is weaker that just because a firm does its R&D here by no means means it's obligated to do its production in the U.S.”
