George H.W. Bush: “Can I refer to my economic expert to answer that which I do not know? [Laughter] Mike? This is Dr. Mike Boskin here.…”

“Can I refer to my economic expert to answer that which I do not know? [Laughter] Mike? This is Dr. Mike Boskin here. Chairman Boskin. We have been generally in favor of substituting tariffs for quotas in the context of reducing the tariffs in a variety of ways. So, I think the President's quite right--you don't want to just substitute one form of barrier for another. That won't help us. That won't help our exporters. But it's being done, and the discussions of it will continue--discussion of it in the Uruguay round and elsewhere is a process of getting the tariffs removed. So, you start by getting rid of the quotas and putting on a tariff with a schedule for the tariff to decline.”