P. J. O'Rourke Quotes

America wins when we trade and export and import.

The trade deficit is the capital surplus and don't ever think of having a capital surplus as being a bad thing for our country.

We aren't leveraging this great economic engine, the strongest economy in the world. And yet we have this totally weak response. We import $500 billion a year more in products than we export.

Trade never balances. It hasn’t since 1776.

Money flows into the US, and inflates US assets, and allows the US to have a monstrous trade deficit. That means we are consuming more than we are producing.

Old ideas of not trading because 'they won't open their markets to us' miss the entire point of allowing goods to be imported into the United States - because we want and need them and because someone here believes that the good or service received in exchange for our dollars creates value for them.

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.

Nonetheless, the developing countries must be able to reap the benefits of international trade.

We want a foreign market for our surplus products.

We are a trading nation, and we are trading with Greece, Spain, Italy, Portugal and Ireland.

We are in a global economy whether we like it or not. And we believe - I believe - that America should be at the table writing the rules of the global economy instead of China.

We want more of our products going overseas, but the trick is to have a level playing field.

As you know, the United States has been a net debtor to the world each year since 1976, I believe. We've put a huge amount of dollars out into the world and those dollars have to be recycled in some way.

More travel to America would lower our trade and budget deficits.

Maintaining confidence in international trade will be critical to the broader economic recovery in the post-Covid world.

It has been proven through studies by the World Bank and others that companies participating in international trade are more competitive.

The rest of the world really likes our stuff pretty well. It's just we buy so damn much of what they produce.

At any moment there is certainly not balanced trade between the various areas of the habitable globe that happens to be under seperate national governments - there is an ever-changing pattern of deficits and surpluses.

A global economy requires a global currency.

We're told we need this trade deal to open up vast markets to American goods, ... But the reality is that most Chinese workers cannot afford to buy the goods that even they make.

I think that trade is an important issue. Of course, we are 5 percent of the world's population; we have to trade with the other 95 percent. And we need to have smart, fair trade deals.

The boomerang is Australia's chief export (and then import).

With our trade deals we are always second. You can pick any country and they're eating our lunch and making us look bad and so we're going to change that.

Remember, it was Bill Clinton who signed NAFTA, one of the worst economic deals ever made by our country or, frankly, any other country. Never, ever again.

In my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.