America's largest trade deficit is with China, a nation that enjoys Permanent Normal Trade Relations with the U.S. and ties its currency to the dollar to make it a more competitive trading partner.

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

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As the U.S. trade deficit, and the portion of that deficit attributed to China, continue to grow, our own economy is at risk of losing its reputation as a leader in world trade.

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But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.

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Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly.

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That level of trade deficit throttles real growth in our country and continues the unfortunate path of selling out America. We are not winning the global trade war, we are losing it badly.

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The biggest trade that Germany and Britain had was with each other, in the prewar period; I think I'm right in that. Two highly industrialized nations had the most trade with each other, and it wasn't tariff policies alone that made trade relations better for both of them.

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I Believe In America

I Believe In America…., we’re a nation of hopes and dreams…..,
Sweet freedom will fill our needs…., I Believe In America.

I Believe In America…., I believe we must fight for peace….,
My faith in us will never cease…., I Believe In America.

With His strength from up above…,
We’ll prevail on our massive quest…,
Our nation breathes kindness and love…..,
We’ll lead our world to happiness.

I Believe In America…, we are united in democracy….,
Defeating evil and hypocrisy…., I Believe In America.

Our Lord is watching every move we make…..,
I know He’ll help us do our best….,
Guiding us with every step we take….,
Because our lives are truly blessed.

I Believe In America…., we’re a nation of hopes and dreams…..,
Sweet freedom will fill our needs…., I Believe In America.

Yes, I Believe In America.

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Proponents of the Central America Free Trade Agreement have conveniently ignored this fundamental fact: the effect of trade on incomes in Central America and how to alleviate the adverse consequences of trade liberalization on the poor.

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Today, we have a trade regime which has led to the largest trade deficits this country has ever experienced.

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I am a firm believer in free but fair trade. However the United States should not be on the losing end of trade agreements that are not enforced. It is time that we make China play fairly.

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Normal military trade is undoubtedly part of the normal State-to-State relations.

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We are on pace this year to have a trade deficit that is larger than $800 billion. We have never faced that before, but we continue to put forward trade agreements like these that leave us naked to competition that is neither free nor fair.

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We are each other's seventh largest trading partner, we are the fifth largest investor there and likewise, we have a lot of exchanges between political leaders, businessmen, tourists and school children too.

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Although economists have studied the sensitivity of import and export volumes to changes in the exchange rate, there is still much uncertainty about just how much the dollar must change to bring about any given reduction in our trade deficit.

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All those trucks and barges that carry our goods to port are vital connections to the only force which can balance our trade deficit: export. We must keep doing what we do best if we are going to get America out of the red.

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China's idea of fair trade is government subsidies of its textile and apparel exports to the United States, currency manipulation, and forgiveness of loans by its government banks.

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The good news is that a competitive dollar in the global market and a strong dollar at home are compatible in both the long run and during the transition to a more competitive dollar.

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Principles Of Trade

principle of trade
that which is in common supply
plentiful is worth less

principle of trade
that which is in gross over supply
extremely market over abundant
in excess maybe or is worthless

therefore sail to China
buy sell trade

fortunes there
to be risk made

find new
expansive markets

the common abundant
is worth less
the rare exceptional
infinitely more

yet great masters
of imagination in lands
of trade commerce
many remain poor

an artist of account
must tap vein supply
demand stamp coins
of silver screen desire


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America won the Cold War by protecting our strategic resources from the threat of foreign control. We must bring the same attitude to our trade relationship with China.

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This China trade deal is basically like the Bobby Knight of trade deals. You know, you abuse, you abuse, you abuse, and then they say 'Well, OK, we'll let you try one more time.'

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