Quotes About Trade deficit

If you want our trade deficit to go down, we can make that happen. Let's just blow up the economy!

It is exports that pay for imports, and vice versa. The greater exports we have, the greater imports we must have, if we ever expect to get paid.

The more competitive value of the dollar turned around the trade deficit.

[T]he only way to shrink the trade deficit is for the government to prohibit us from buying whatever we want.

Marty Feldstein, who explained clearly how America's trade deficit came about. He said: "foreign import barriers and exports subsidies are not the reason for the US trade deficit… the real reason is that Americans are spending more than they produce…

China-centric globalization is characterized by three features: (1) The emergence of China as the global center of manufacturing—the so-called "factory for the world"; (2) The creation of a new dollar zone shared by the U.S. and China, and supported by China's adoption of a pegged dollar exchange rate; and (3) The emergence of a massive U.S. trade deficit with China, combined with the transfer of a significant chunk of U.S. manufacturing capacity there.

America is becoming more and more dependent upon imports from foreign manufacturers than we are exports from our country in all fields: in appliances, in clothing, even food. This year America may become for the first time in its history a net food importer.

It's not so unusual to run out of someone else's currency.

The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items.

America is becoming more and more dependent upon imports from foreign manufacturers than we are exports from our country in all fields: in appliances, in clothing, even food. This year America may become for the first time in its history a net food importer.

The only way that we can reduce our financial dependence on the inflow of funds from the rest of the world is to reduce our trade deficit.

To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world.