That means we get other countries to play by our rules. You add up all the countries that we have trade agreements with, we have a surplus with them. You add up the countries we do not have a trade agreement with, that's where a massive trade deficit comes from. So our goal is to get free trade agreements, and that means we get other countries to play and live by our rules so we can level the playing field.
For years, Ireland used to have a philosophy of 'Get them in here to invest and develop in Ireland, and this will sort out our problems.' It is good in the sense of building a trade surplus, but we also want to develop what it is that we offer ourselves and that Irish companies export abroad.
If trade deficits are good, why is China so pleased that they run a huge trade surplus? It's perfectly obvious that if China hadn't been such a huge net-exporter, it never would have grown at the rate that it did.
Chinese mercantilism is not free trade, but it is far better than American militarism.
Although investors have been concerned with China's slowing growth rate, China remains one of the largest and fastest-growing economies in the world.
Historically, large-scale global trade has served two functions: 1) the exchange of goods between willing sellers and buyers described in Econ 101 textbooks; 2) as a tool of state aggrandizement, in which the private parties are stand-ins for governmental interests.
Canada is a country whose main exports are hockey players and cold fronts. Our main imports are baseball players and acid rain.
China saves too much, produces too much, sells too much to Americans and consumes too little.
The balance of trade is an article of faith.
May our exports be so great, and our imports so small, that the balance of trade may be in our favor.
Pen name: Jack Nipps
Every dollar a foreigner spends over here directly subtracts a dollar from the trade deficit.
Trade is nothing else but a Commutation of Superfluities; for instance: I give mine, what I can spare, for somewhat of yours, which I want, and you can spare.
Let us come together and think of ways India does not have to import but we export to the world.
China's productive system draws upon the other East Asian countries to a great extent. The volume of trade is much larger than the net amount being exported from China. China needs substantial reserves to finance all that.
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.
Wee must ever observe this rule; to sell more to strangers yearly than wee consume of theirs in value
What private property does is connect effort to reward, creating an incentive for people to produce for more. Then, if there's a free market, people will trade their surpluses to others for the things they lack. Mutual exchange for mutual benefit makes the community richer.
A large country with such outstanding economic performance as Germany cannot forget that it owes some of its success to demand from other European countries.
It will be found, that as some particular Men in a Town grow richer, and thrive better than others; so also do Nations, who by Trade serving the occasions of their Neighbors, supply themselves with what they have occasion for from abroad; which done, the rest is laid up, and is Silver, Gold, etc. for as I said, these being commutable for everything, and of small bulk, are still preferr'd to be laid up, till occasion shall call them out to supply other Necessaries wanted.
“Laid up” means “saved”. “Commutable”means fungible—gold and silver can buy anything else.
This is what Donald Trump understands. This is the trade deficit. We run a trade deficit of close to $800 billion a year.
The Himalayan glaciers, China's trade surplus, Olympic ice hockey - the world is full of pressing subjects that people never consult me about.
China is not looking for a trade surplus but wants to import more French goods.
In 1988, federal data showed a modest China-trade surplus of $1.6 billion in Canada's favour.
After aircraft production, the entertainment industry is America's largest source of trade surplus.
International trade is not a zero-sum game.