Zhu Rongji Quotes

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.

Trade never balances. It hasn’t since 1776.

We want to export our products but not our jobs.

The U.S. tends to export high-tech goods because we have strong comparative advantage there, and we tend to import labor-intensive and less skill-intensive goods that other countries can do more cheaply.

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

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

Offshoring is only the latest manifestation of the gains from trade that economists have talked about at least since Adam Smith… More things are tradable than were tradable in the past, and that’s a good thing.

We're part of a global economy whether we like it or not.

International trade is not a zero-sum game.

The people see the layoffs. We must also show them the payoffs of trade.

In order to have the benefits of free trade, you must have full employment in the trading countries.

Let’s export American products, not American jobs.

The largest annual U.S. trade deficits since 1980 have been accompanied by the largest annual job-creation numbers in recent memory. The reason is simple: stronger economies tend to have stronger currencies, and the increased economic activities in these stronger economies and exchange-rate differentials lead inevitably to trade deficits

While the Japanese are shipping us Toyotas, they’re exporting something more important than cars. They’re sending us unemployment.

We have at last awakened to the realization that foreign and domestic trade are not in separate water-tight compartments--that they flow through the same pipes and seek a common level. We cannot live by ourselves, shut off from the balance of the world, without working harm to our economic system that would require many years for repair.

Trade creates jobs.

International economic cooperation has delivered benefits to the United States and other countries that would have been impossible to attain otherwise.

Increased trade is crucial to a balanced plan for stimulating growth and job creation on both sides of the Atlantic.

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.

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.

Now, what produces a want of demand? A refusal to take from other countries the commodities which they produce.

Foreign trade clearly holds down the cost of products we buy.

U.S. exports to China have more than quintupled since China entered the WTO and have grown more quickly than imports. In fact, China is America's fastest-growing export market.

Unemployment is due to the large import of goods from Britain and other countries. The Government haven't used the powers which they have for the benefit of the country.

A lot of the economy is indeed being supplied by goods that are produced offshore. And much of the reason for that is societal.