#trade deficit

With a strong domestic economy, low national unemployment at 5 percent, and increasing retail sales, the picture should look rosy. But one look at the trade deficit changes all of that. ↗

— Jo Ann Emerson

#deficit #domestic #economy #increasing #look

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. ↗

— Jo Ann Emerson

#china #competitive #currency #deficit #dollar

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. ↗

— Xavier Becerra

#before #billion #competition #continue #deficit

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. ↗

— Jo Ann Emerson

#china #continue #deficit #economy #grow

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. ↗

— Martin Feldstein

#although #any #bring #change #changes

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

— Martin Feldstein

#competitive #deficit #dollar #more #trade

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. ↗

— Martin Feldstein

#deficit #dependence #financial #funds #only

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. ↗

— Martin Feldstein

#assets #borrow #businesses #deficit #estate

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

— Martin Feldstein

#deficit #dividend #ever #foreigners #grow

In fact, our monthly trade deficit figure is so huge it equals the entire annual budget of our Department of Veterans Affairs. Veterans fought to make us free from foreign tyranny, but the new tyranny is taking a different form. ↗

— Marcy Kaptur

#annual #budget #deficit #department #different