You can go back to Galbraith or Ricardo or Adam Smith, or a number of our friends in history and talk about this. With a trade agreement, if I have bananas and you have apples and we trade something like two apples for two bananas, that's what you call trade. But if one industry is getting either heavily subsidized or has favours, and you and I both have apples, but you have state subsidies to grow your trees, you have state subsidies on your roads, you have state subsidies on other things, then we have to look at that and ask if that is an accurate agreement.
On May 12th, 2016. See this statement in context.